GE Announces more than $660 Million in Orders across Energy Ecosystem
- Customer adoption of digital and higher-efficiency solutions grows globally
- Includes more than $450 million in Power Services orders
ORLANDO, FLORIDA -- December 13, 2016 -- GE (NYSE: GE) today announced more than $660 million in orders for GE Power, showcasing the company’s leadership in providing customers with more efficient, reliable and digital solutions across the energy ecosystem. Announced in conjunction with this year’s Power-Gen International conference (PGI) in Orlando, the orders include a new F-class gas turbine project in Wisconsin and continued customer adoption of GE’s Operations Optimization and Asset Performance Management suites of digital solutions.
“We’ve taken our products and services to a brand new level, and our expanded portfolio of power plant solutions and innovative digital capabilities are changing the way power is delivered around the world,” said Joe Mastrangelo, president and CEO of GE Power’s Gas Power Systems. “Today’s announcements continue to drive this transformation and will help deliver more efficient, reliable and flexible power across the energy ecosystem.”
Today’s announcements include more than $450 million in orders from GE’s Power Services business, providing customers with other OEM service capabilities and enhanced upgrades. Globally, GE also continues to see growth with continued commitments for higher-efficiency combined cycle power plant technologies and digital solutions using Predix*.
An order for two GE 7F.05 gas turbines and one GE D600 steam turbine with the EPC responsible for building and commissioning the expansion of Alliant Energy’s Riverside Energy Center in Beloit, Wisconsin. With a generating capability of more than 700 MW, the expansion will generate the equivalent power needed to supply more than 535,000 U.S. homes. The 7F.05 gas turbine’s superior flexibility makes it a great fit to compliment the increase of renewable sources in the region. GE will also provide a 20-year contractual services agreement for the project.
A 14-year agreement with Dynegy to increase output and efficiency at several plants through hardware and software upgrades, including GE’s Predix based Asset Performance Management (APM) suite.
A $35 million turbine generator equipment and technical support order for Grand River Dam Authority’s Grand River Energy Center in Oklahoma. In July, the Center suffered a severe lightning strike, which initiated a fire causing catastrophic damage to the 520 megawatt (MW) Unit 2 turbine generator. GE’s Power Services will restore the turbine generator to service using GE’s repair centers around the world, illustrating the Company’s global capabilities.
Multiple Heat Recovery Steam Generator (HRSG) orders with U.S. customers worth more than $20 million. These include unit agreements with Dynegy and Oglethorpe Power for performance upgrades and enhanced analytics.
Also at PGI, GE Oil & Gas launched its latest NovaLT12 gas turbines for cogeneration applications (CHP). The NovaLT12 leverages the success of GE’s NovaLT gas turbines program overall, designed to meet residential, industrial, commercial customers’ needs with a reliable and efficient plug and play solution below 20 MW. With an efficiency of up to 85 percent in CHP, these gas turbines represent an advanced solution to produce heat and power, and they can increase industrial plant efficiency while reducing NOx and CO2 emissions.
The energy ecosystem is undergoing unprecedented change and growth with $5 trillion - or 6 percent of global GDP -- spent annually. This figure is expected to grow as electricity demand increases by 50 percent in 2040. The digitization of electricity is enhancing power generation in U.S. cities, which are realizing $17 billion in annual savings by 2019 by installing smart street lights, devices and more. Other key U.S. trends include the growth of distributed energy like solar, the age of gas as it becomes more accessible and decarbonization to reduce emissions while improving efficiency. The recently released GE Energy Ecosystem Portfolio -- available here -- helps customers unlock this value by exploring key transformations and strategies needed to navigate industry change.
GE can be found at booth #2606 at Power-Gen International during December 13 -- 15, 2016. For those attending, stop by our booth to discover our augmented reality experience featuring GE’s Digital Power plant powered by Predix. For full details on GE’s program and technical presentations, visit our event page.
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
About GE Power
GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable.
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*Predix is a trademark of General Electric Company
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