We make power possible for people around the world.
Steam Power puts a century of expertise to work every day, with local teams in more than 70 countries around the world. In growing economies like India, China, Latin America, Southeast Asia, or Africa this means affordable power, local jobs, and better infrastructure
Over the next 10 years, 25% of all future power capacity additions will be coal or oil-fired steam power plants. GE's Steam Power Systems has installed 30% of the world’s steam turbine capacity, 50% of the world's steam turbines for nuclear power plants, and 30% of the world’s boilers.
Smarter, Cleaner, Steam Power
With nearly 900 billion tons of reserves, coal power remains an integral part of today’s energy mix that includes renewables as well as gas power generation. Currently, 40% of the world’s electricity comes from coal power and that amount is predicted to decrease only slightly—to 30%—over the next decade.
As the world’s need for accessible power grows, coal power plants will continue to be a vital way to meet this demand. However, to limit emissions, it is essential that coal-fired power plants provide maximum efficiency and rely on leading air quality and pollution control technologies. GE’s Smarter, Cleaner Steam Power initiative aims to do just that. We are dedicated to ensuring coal power plants are as efficient as possible and to limiting their effects on the environment through innovative, effective emission reduction technologies.
To respond to the power needed worldwide, we’ve developed a portfolio of Smarter, Cleaner Steam Power technologies to meet global electricity needs.
It all adds up
All of this translates to lower operating costs for our customers; these lowered costs (and lowered emissions) along with higher efficiency are more attractive to export credit agencies and lenders. GE continues to work with GE Capital Energy Financial Services as well as third parties to fund cleaner energy projects. We also partner with governments and international organizations to identify new funding.