GE launches new distributed power business

• 10 years ago (2014-02-26)
• Junior Isles

North America 998

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GE’s Vice Chairman and President & CEO, Global Growth & Operations, John G. Rice and Lorraine Bolsinger, leader of GE’s new Distributed Power business, gathered yesterday with business and government officials in Jakarta to launch GE’s Distributed Power.

The new business combines three product lines – Aeroderivative Gas Turbines, Jenbacher Gas Engines and Waukesha Gas Engines –  aimed at better serving the distributed power space. GE announced an investment in the newly created business of $1.4 billion over four years to help meet the world’s growing demand for on-site power systems that are easier to finance, faster to install and more efficient and reliable for customers.

In a white paper released during the event, “The Rise of Distributed Power,” GE highlights that distributed power has become increasingly popular in countries that are seeking more reliable, efficient energy options near the point of use – on or off the grid. According to the report, distributed power will grow 40 per cent faster than global electricity demand between now and 2020.