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GE Renewable Energy

GE Renewable Energy
Company typeDivision
IndustryRenewable energy
Founded2015; 9 years ago (2015)
Headquarters
Key people
Jérôme Pécresse (CEO)
ProductsWind turbines
Revenue$15.7 billion (2021)[1]
Number of employees
38,000 (2021)
ParentGeneral Electric
Divisions
WebsiteGE Renewable Energy

GE Renewable Energy is a manufacturing and services division of the American company General Electric. It is headquartered in Boulogne-Billancourt, France and focuses on the production of energy systems that use renewable sources. Its products include wind (onshore and offshore), hydroelectric and solar (concentrated and photovoltaic) power generating facilities.[2]

History

GE Renewable Energy was created in 2015, combining the wind power assets GE purchased from Alstom with those previously owned by GE and operated under the Power & Water division.[3] Upon the division's creation, the headquarters of GE Renewable Energy moved from Schenectady, New York to Paris, France, part of conditions for the Alstom purchase.

In 2021 plan to splitting GE into three new public companies: GE Vernova, GE HealthCare and GE Aerospace was announced. GE Renewable Energy, along with GE Digital, GE Power, and GE Energy Financial Services will come together as GE Vernova.[4]

In 2023 GE announces planned spin-off date for beginning of second quarter of 2024.[5]

Subdivisions

Wind

GE Wind Energy was formed out of the assets of Enron Wind purchased in 2002,[6] and subsequently expanded with the purchase of ScanWind in 2009.[7] GE Wind Energy expanded into offshore wind energy with the purchase of Alstom's energy generation assets (GE Offshore Wind, formerly Alstom Wind) in 2015.[8]

GE Wind subsidiaries :

Hydro

The GE Hydro sub-division of GE Renewable Energy is involved in hydroelectricity generation. This includes the design, manufacture, and installation of equipment for both gravity fed[9][10] and pumped-storage power plants,[11] and as upgrades to existing hydroelectric plants.[12][13][14]

GE Hydro has developed aerating turbines designed to increase the amount of oxygen in water passing through the turbines, to benefit the aquatic life downstream.[15]

GE Hydro's headquarters are in Boulogne-Billancourt, France.[16]

Grid Solutions

GE's Grid Solutions business encompasses the high-voltage power grid equipment and engineering activities of Alstom's former subsidiary, Alstom Grid, which itself was spun off from the transmission business of Areva T&D, a former subsidiary of the French multinational Areva.

GE Grid Solutions's headquarters are in Boulogne-Billancourt, France.[16]

See also

References

  1. ^ "GE 2021 Annual Report" (PDF). GE. Retrieved 27 April 2022.
  2. ^ "GE Renewable Energy About Us". GE Renewable Energy. GE. Retrieved 29 January 2019.
  3. ^ Rulison, Larry (18 November 2015). "GE moves renewable energy headquarters from Schenectady to Paris". Times Union. Retrieved 24 May 2018.
  4. ^ "GE Digital becomes part of GE Vernova". Retrieved 2024-01-23.
  5. ^ "GE Announces Planned Spin-Off Timing Beginning of Second Quarter of 2024; Selects Listing Exchanges and Ticker Symbols for Future Independent GE Vernova and GE Aerospace | GE News". www.ge.com. Retrieved 2024-01-23.
  6. ^ "G.E. to Buy Enron Wind-Turbine Assets". New York Times. 12 April 2002. Retrieved 25 May 2018.
  7. ^ "GE boosts offshore wind with acquisition". CNET. 2009-09-14. Retrieved 2018-03-14.
  8. ^ De Clercq, Geert (1 March 2018). "GE to develop world's largest wind turbine in France". Reuters. Retrieved 25 May 2018.
  9. ^ Harris, Michael (20 November 2015). "GE to manufacture turbine-generators for Mexico's 240-MW Chicoasen 2 hydropower plant". Hydro World.
  10. ^ Harris, Michael (30 March 2017). "GE to equip China's 3,000-MW Liang He Kou hydroelectric project". Hydro World. Retrieved 24 May 2018.
  11. ^ Hill, Joshua S (10 August 2017). "GE To Build 344 Megawatt Kokhav Hayarden Hydro Pumped Storage Station In Israel". cleantechnica.com. Clean Technica. Retrieved 24 May 2018.
  12. ^ Harris, Michael (30 June 2017). "GE Renewable Energy to upgrade pair of units at OPG's 205-MW Little Long hydroelectric plant". Hydro World. Retrieved 24 May 2018.
  13. ^ Harris, Michael (12 February 2018). "GE awarded contract for Kyrgyzstan's Toktogul rehab". Hydro World. Retrieved 24 May 2018.
  14. ^ Harris, Michael (14 October 2016). "GE awarded contract to upgrade generators at Switzerland's 69-MW Mottec hydroelectric plant". Hydro World. Retrieved 24 May 2018.
  15. ^ Harris, Michael (30 June 2017). "Cube Hydro to upgrade High Rock project with GE aerating turbines". Hydro World. Retrieved 24 May 2018.
  16. ^ a b "GE en France". www.ge.com. 2021-04-13. Retrieved 2022-08-21.
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GE Renewable Energy
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