Offshore Wind Finding Direction in U.S.

Credit to Author: Darrell Proctor| Date: Fri, 01 May 2020 04:10:00 +0000

The post Offshore Wind Finding Direction in U.S. appeared first on POWER Magazine.

Europe has a big head start globally when it comes to generating power from offshore wind installations. The U.S. has lagged due to a variety of factors, including the need to work through regulatory issues

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GE Reports $1 Billion Hit to Cash Flow

Credit to Author: Darrell Proctor| Date: Wed, 29 Apr 2020 14:34:53 +0000

The post GE Reports $1 Billion Hit to Cash Flow appeared first on POWER Magazine.

General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a year-over-year revenue decline of 8%, with posted revenue of $20.524 billion, and noted a $1 billion negative impact to cash flow during the quarter. The […]

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GE Loses Engineering Visionary John Lammas

Credit to Author: Sonal Patel| Date: Mon, 20 Apr 2020 11:49:27 +0000

The post GE Loses Engineering Visionary John Lammas appeared first on POWER Magazine.

Aeroderivative-gas-turbine-GE

John Lammas, GE Power’s chief technology officer and vice president of generation technology, an innovator who championed breakthroughs in gas turbine technology both for jet travel and power generation, died suddenly on April 12. GE commemorated Lammas in an emotional tribute to his 35-year legacy at the technology conglomerate, noting his work could be seen […]

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Iraq Developing Solar to Complement GE, Siemens Projects

Credit to Author: POWER| Date: Mon, 01 Jul 2019 00:00:00 +0000

Iraq’s $14 billion deal with Siemens to develop power generation projects in the country has grabbed most of the headlines this year, but the country continues to develop power projects with GE, and also in

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Ex-GE Power Engineer Implicated in Turbine Technology Theft for China’s Benefit   

Credit to Author: Sonal Patel| Date: Thu, 25 Apr 2019 14:19:51 +0000

A former GE Power engineer and a Chinese businessman conspired to steal General Electric (GE) trade secrets related to gas and steam turbine technologies to benefit China, the U.S. Department of Justice (DOJ) has alleged in an indictment unsealed on April 23.  The 14-count indictment charges Xiaoqing Zheng, 56, of Niskayuna, New York, and Zhaoxi […]

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GE Power Engineer Implicated in Turbine Technology Theft for China’s Benefit   

Credit to Author: Sonal Patel| Date: Thu, 25 Apr 2019 14:19:51 +0000

A former GE Power engineer and a Chinese businessman conspired to steal General Electric (GE) trade secrets related to gas and steam turbine technologies to benefit China, the U.S. Department of Justice (DOJ) has alleged in an indictment unsealed on April 23.  The 14-count indictment charges Xiaoqing Zheng, 56, of Niskayuna, New York, and Zhaoxi […]

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The Line Blurs Between Small Cogen Plants and Large Combined Cycles

Credit to Author: Aaron Larson| Date: Wed, 06 Mar 2019 00:39:54 +0000

When U.S. President Jimmy Carter signed into law the Public Utility Regulatory Policies Act of 1978 (PURPA), he unintentionally ignited the worldwide deregulation of electricity markets, which in turn began a worldwide technology race between two distinct types of power plants: the newly created, industrial-scale plant that PURPA dubbed “cogeneration” and the traditional, utility-scale power […]

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UAE Adds Gas Power to Its Mix and Renewables Abroad

Credit to Author: POWER| Date: Fri, 01 Mar 2019 00:00:00 +0000

The January agreement between GE and Japan’s Sumitomo Corp. for a 1.8-GW combined cycle power plant in the United Arab Emirates (UAE) is part of the country’s commitment to increasing its power generation

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GE Selling Biopharma Unit in $21.4 Billion Deal

Credit to Author: Darrell Proctor| Date: Mon, 25 Feb 2019 21:32:59 +0000

General Electric’s (GE’s) sale of its biopharma unit on February 25 is designed to reduce the company’s overall debt load, and CEO Larry Culp said the deal is the latest step in his plan to strengthen the whole of GE, particularly the company’s struggling Power division. GE on Monday agreed to sell the biopharma part […]

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Financial and Gas Turbine Blade Troubles Plague GE Power

Credit to Author: Sonal Patel| Date: Thu, 07 Feb 2019 14:27:09 +0000

GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship gas turbine model, and poor project execution. Despite a series of divestments and corporate reshuffles, including of leadership, for the 12 months that ended on […]

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