Company type | Division |
---|---|
Industry | Renewable energy |
Founded | 2015 |
Headquarters | Boulogne-Billancourt, France |
Key people | Jérôme Pécresse (CEO) |
Products | Wind turbines |
Revenue | $15.7 billion (2021) [1] |
Number of employees | 38,000 (2021) |
Parent | General Electric |
Divisions |
|
Website | GE Renewable Energy |
GE Renewable Energy is a manufacturing and services division of the American company General Electric. It is headquartered in Boulogne-Billancourt, near Paris, France and focuses on the production of energy systems that use renewable sources. Its products include wind (onshore and offshore), hydroelectric and solar (concentrated and photovoltaic) power generating facilities. [2]
In 2024, GE Renewable Energy and GE Power merge to create GE Vernova, a company completely independent of General Electric, which ceases to exist as a conglomerate (refocusing on aerospace as GE Aerospace). [3]
GE Renewable Energy was created in 2015, combining the wind power assets GE purchased from Alstom with those previously owned by GE and operated under the Power & Water division. [4] Upon the division's creation, the headquarters of GE Renewable Energy moved from Schenectady, New York to Paris, France, part of conditions for the Alstom purchase.
In 2021 plan to splitting GE into three new public companies: GE Vernova, GE HealthCare and GE Aerospace was announced. GE Renewable Energy, along with GE Digital, GE Power, and GE Energy Financial Services will come together as GE Vernova. [5]
In 2023, GE announces planned spin-off date for beginning of second quarter of 2024. [6]
GE Wind was formed out of the assets of Enron Wind purchased in 2002, [7] and subsequently expanded with the purchase of ScanWind in 2009. [8] GE Wind expanded into offshore wind energy with the purchase of Alstom's energy generation assets (GE Offshore Wind, formerly Alstom Wind) in 2015. [9]
GE Wind subsidiaries :
The GE Renewable Energy Hydro, a sub-division of GE Renewable Energy, is involved in hydroelectricity generation. This includes the design, manufacture, and installation of equipment for both gravity fed [10] [11] and pumped-storage power plants, [12] and as upgrades to existing hydroelectric plants. [13] [14] [15]
GE Renewable Energy Hydro has developed aerating turbines designed to increase the amount of oxygen in water passing through the turbines, to benefit the aquatic life downstream. [16]
GE Renewable Energy Hydro's headquarters are in Grenoble, France. [17]
GE Grid Solutions business encompasses the high-voltage power grid equipment and engineering activities of Alstom's former subsidiary, Alstom Grid, which itself was spun off from the transmission business of Areva T&D, a former subsidiary of the French multinational Areva.
GE Grid Solutions's headquarters are in Boulogne-Billancourt, France. [17]
Alstom SA is a French multinational rolling stock manufacturer which operates worldwide in rail transport markets. It is active in the fields of passenger transportation, signaling, and locomotives, producing high-speed, suburban, regional and urban trains along with trams.
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company ranked as the 141st largest company in the United States in 2024 – its highest-ever placement on the Fortune 500 list.
EnBW Energie Baden-Württemberg AG, or simply EnBW, is a publicly-traded energy company headquartered in Karlsruhe, Germany.
Iberdrola is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers.
Spain is one of the countries with the largest wind power capacity installed, with over 27 GW in 2020. In 2013, it had become the first country in the world to have wind power as its main source of energy.
The Siemens Energy Sector was one of the four sectors of German industrial conglomerate Siemens. Founded on January 1, 2009, it generated and delivered power from numerous sources including the extraction, conversion and transport of oil and natural gas in addition to renewable and alternative energy sources. As of October 1, 2014, the sector level has been eliminated, including the Siemens Energy Sector.
Renewable energy in the United Kingdom contributes to production for electricity, heat, and transport.
China is the world leader in wind power generation, with the largest installed capacity of any nation and continued rapid growth in new wind facilities. With its large land mass and long coastline, China has exceptional wind power resources: Wind power remained China's third-largest source of electricity at the end of 2021, accounting for 7.5% of total power generation.
The Caruachi Dam is a concrete gravity dam on the Caroní River in Bolivar state, Venezuela. It supports a hydroelectric power facility with a 2,160 megawatts (2,900,000 hp) capacity. It is about 59 kilometres (37 mi) downstream from the Guri Dam belonging to the Central Hidroeléctrica Simón Bolívar, and about 35 kilometres (22 mi) from where the Caroni and Orinoco rivers meet at Ciudad Guayana.
GE Power was an American energy technology company owned by General Electric (GE). In April 2024, GE completed the spin-off of GE Power into a separate company, GE Vernova. Following this, General Electric ceased to exist as a conglomerate and pivoted to aviation, rebranding as GE Aerospace.
The electricity sector in Sri Lanka has a national grid which is primarily powered by hydroelectric power and thermal power, with sources such as photovoltaics and wind power in early stages of deployment. Although potential sites are being identified, other power sources such as geothermal, nuclear, solar thermal and wave power are not used in the power generation process for the national grid.
GE Offshore Wind is a joint venture with Alstom and a subsidiary of GE Vernova, created in 2015 when most of Alstom's electrical power and generation assets were acquired by General Electric. GE's stake in the joint venture is 50% plus 1 share.
GE Wind is a division of GE Vernova. The company manufactures and sells wind turbines to the international market. In 2018, GE Wind was the fourth largest wind turbine manufacturer in the world. Vic Abate is the CEO of GE Vernova’s Wind businesses.
Adwen GmbH is an offshore wind service company headquartered in Bremerhaven, Germany. It is a wholly owned subsidiary of Spanish-German company Siemens Gamesa. Previously the company designed, assembled, and installed 5-Megawatt wind turbines for offshore wind farms. It also designed and manufactured rotor blades through its subsidiary Adwen Blades GmbH, headquartered in Stade, Germany.
As of 2018, hydroelectric power stations in the United Kingdom accounted for 1.87 GW of installed electrical generating capacity, being 2.2% of the UK's total generating capacity and 4.2% of UK's renewable energy generating capacity. This includes four conventional hydroelectric power stations and run-of-river schemes for which annual electricity production is approximately 5,000 GWh, being about 1.3% of the UK's total electricity production. There are also four pumped-storage hydroelectric power stations providing a further 2.8 GW of installed electrical generating capacity, and contributing up to 4,075 GWh of peak demand electricity annually.
Renewable energy in Taiwan contributed to 8.7% of national electricity generation as of end of 2013. The total installed capacity of renewable energy in Taiwan by the end of 2013 was 3.76 GW.
Many tidal stream generators have been developed over the years to harness the power of tidal currents flowing around coastlines. These are also called tidal stream turbines (TST), tidal energy converters (TEC), or marine hydro-kinetic (MHK) generation. These turbines operate on a similar principle to wind turbines, but are designed to work in a fluid approximately 800 times more dense than air which is moving at a slower velocity. Note that tidal barrages or lagoons operate on a different principle, generating power by impounding the rising and falling tide.
GE Vernova Inc., formerly GE Power and GE Renewable Energy, is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts.
Arabelle Solutions, formerly GE Alstom Nuclear Systems, or GEAST, for ‘GE Alstom’, most of which was spun off from GE Steam Power, is a French multinational specialising in nuclear activities related to steam turbines (Arabelle) for the conventional island, present in nearly 16 countries including China, Finland, India, Romania and the United Kingdom, and headquartered in Boulogne-Billancourt, France. At Belfort, it is developing the Arabelle nuclear turbine, the most powerful in the world.