01/31/2019

GE Simplifies Company Structure

GE wants to intensify its focus on the renewable energy market by consolidating all of the company's renewable and grid assets into a single Renewable Energy business.

Official Press Release GE:

GE Expands Renewable Energy Business Portfolio to Accelerate Growth, Improve Performance, and Lead the Energy Transition for GE

Wind Industry Profile of

One of the broadest portfolios in the industry with Wind, Hydro, Grid, and Renewable Hybrids coming together to provide end-to-end solutions for our customers demanding reliable, affordable green power.

GE has announced that it intends to intensify its focus on the growing renewable energy market by consolidating all of the company's renewable and grid assets into a single, simplified Renewable Energy business. Global demand for renewable power generation and the associated grid integration continues to increase globally; the latest report from the International Energy Agency* showed that renewable capacity additions of 178 gigawatts (GW) accounted for more than two-thirds of global net electricity capacity growth in 2017. The proposed moves announced today are... ... More: Official Press Release GE