Two Harriet Monroe Poems About Power Plants 

Credit to Author: Sonal Patel| Date: Thu, 14 Feb 2019 21:58:22 +0000

Harriet Monroe, the founder and longtime editor of Poetry magazine, was the author of a large body of poems that captured the essence of urban industrial modernity. Her 1914 book, You and I ( Macmillan Company, New York), contains two poems about power generation. The first, “The Turbine,” is an engineer’s ode to his turbine. […]

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GE, MHPS Vie for Top Spot in Fiercely Competitive Gas Turbine Market

Credit to Author: Sonal Patel| Date: Thu, 14 Feb 2019 15:05:42 +0000

Mitsubishi Hitachi Power Systems (MHPS) appears to have snagged the lead in an intensifying competition in a mostly flat market for heavy-duty gas turbines of above 100 MW, but GE retained its lead both for overall installed gas turbine capacity and units in 2018, a much-watched industry ranking suggests. Data from McCoy Power Reports’ latest […]

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Iraqi Official Casts Doubt on Deals With GE, Siemens

Credit to Author: Darrell Proctor| Date: Mon, 11 Feb 2019 01:03:00 +0000

Multibillion-dollar energy deals that both Siemens and General Electric (GE) signed with the Iraqi government last year may not come to fruition, according to the country’s electricity minister. The Financial Times on February 10 reported that Luay Al-Khatteeb, who took his post late last year after the deals were brokered, told the newspaper, “I don’t […]

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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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GE Restructure Will See Leaner Power but Heftier Renewable Energy Division

Credit to Author: Sonal Patel| Date: Wed, 30 Jan 2019 16:28:11 +0000

GE has announced it will integrate its renewables, grid, and energy storage assets into a simplified, single business that nearly doubles the size of its Renewable Energy division, as the company banks on the accelerated uptake of grid-connected renewables worldwide.  The expansion will see GE’s grid solutions, solar solutions, and storage businesses move from GE […]

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GE Cutting Another 468 Jobs

Credit to Author: Darrell Proctor| Date: Tue, 22 Jan 2019 22:59:53 +0000

French labor unions on Jan. 22 said U.S.-based General Electric (GE) will cut 468 jobs at its units in France, including some staff at Alstom Power Systems (APS). GE confirmed to Agence France Press, a French news service, that talks with its unions on staff reductions are underway. The unions said 229 jobs would be […]

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‘Technically Sophisticated’ Combined Cycle Plant Comes Online

Credit to Author: Darrell Proctor| Date: Tue, 15 Jan 2019 14:59:35 +0000

The Lackawanna Energy Center in Pennsylvania entered commercial operation Jan. 15, with the $1.5 billion project heralded by its developer, Invenergy, as among the most “technically sophisticated” combined cycle natural gas-fired plants in operation. The 1,485-MW facility, in the borough of Jessup in Lackawanna County, was completed ahead of schedule and features three General Electric […]

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Business and Leadership Shakeups Continue at GE

It’s been a tumultuous couple of years for GE. The company’s stock price has been decimated by the market, decreasing more than 75% from a high of nearly $32 a share as recently as December 2016. Dow Jones removed the company from its benchmark Industrial Average in June, and GE’s Board of Directors sacked CEO […]

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Reports: Trump Administration Supports GE Over Siemens in $15B Iraq Deal

Iraq signed a memorandum of understanding on October 15 to develop power plants in the country with General Electric (GE). The Financial Times on October 18 said the $15 billion deal was brokered after senior officials in the administration of U.S. President Donald Trump warned Iraq that relations with the U.S. would be threatened if Iraq […]

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Siemens Cutting 2,900 Jobs, Vying with GE for $15B Iraqi Contract

Siemens on September 24 said it would cut about 2,900 jobs, mostly from its Power and Gas division in Germany, as it continues restructuring to achieve cost savings amid a tough global market for turbine manufacturers. Siemens on Monday said the cuts will save the company about €270 million ($318 million) and is part of […]

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