GE Power High-Efficiency Gas Turbine Update

BOSTON, Mass.—September 21, 2018—Earlier this week, the Company disclosed that it discovered an oxidation issue with a single blade component that is expected to impact some of its gas turbines.

Russell Stokes, CEO of GE Power, said, “GE engineers and teams identified a fix and have been working proactively with our customers on a case-by-case basis to quickly return impacted units to service and mitigate any future issues.”

The component is only used in stage-one blades in GE’s highest-efficiency turbinesHA and 9FB, one of the HA’s predecessors and a legacy fleet that comprises less than one percent of the Company’s global gas turbine fleet.

“In all industries and new technologies, developing and launching products at this scale and complexity involves fine-tuning and adjusting the technology,” Stokes said. “We always strive to jointly solve technical issues with our customers as they arise and are committed to delivering on our products.”

 

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GE (NYSE:GE) GE drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com

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Investor Contact:

Todd Ernst, +1 617 443 3400

todd.b.ernst@ge.com

 

Media Contacts:

Jennifer Erickson, +1 646 682 5620

jennifer.erickson@ge.com

Greg Gibbons, +1 678 844 6099

gregory.gibbons@ge.com

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