PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Expands Wind Services Portfolio with Production-Based O&M - Further expanding its portfolio of services for the wind industry, GE introduced a new concept in operations and maintenance (O&M) agreements at the American Wind Energy Association’s WINDPOWER 2012
GE Expands Wind Services Portfolio with Production-Based O&M

 

NewswireToday - /newswire/ - Atlanta, GA, United States, 2012/06/04 - Further expanding its portfolio of services for the wind industry, GE introduced a new concept in operations and maintenance (O&M) agreements at the American Wind Energy Association’s WINDPOWER 2012. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• New Agreement Further Aligns GE, Customer Goals to Maximize Site Energy Yield;
• Cost of O&M Contract Based on Production and Availability;
• Latest Example of GE’s Flexible Service Solutions for the Wind Industry.

AWEA WINDPOWER 2012 - Booth #2217 - Further expanding its portfolio of services for the wind industry, GE (NYSE: GE) today introduced a new concept in operations and maintenance (O&M) agreements at the American Wind Energy Association’s WINDPOWER 2012. Called “Production-Based O&M,” the new agreement further aligns the goals of GE and the customer to maximize energy yield from the site.

Historically, wind O&M contracts have provided an availability guarantee measured from time-based availability of wind turbines. Last year, GE moved from time-based availability to a production-based availability guarantee structure with the goal of maximizing production for customers. With today’s announcement, GE continues to move the wind services industry forward setting a new standard for service providers.

GE’s Production-Based O&M agreements incorporate both a fixed and variable fee. The variable portion is based directly on wind farm production relative to a megawatt hour target agreed upon by GE and the customer. The total cost of the O&M agreement, not just the availability bonus, is now based on production.

Production-Based O&M is a variable cost agreement that:

• Reduces upfront costs to customers while better aligning the goals of GE and customers.
• Better balances the risk between the owner and the services provider.
• Promotes a “run it like we own it” approach towards service.
• Ties into GE’s annual energy production enhancement initiatives.

GE will offer the new O&M agreement for both new and installed GE wind turbines at sites where comprehensive operating and wind resource information exists.

“Production-Based O&M is the latest example of how GE continues to develop flexible solutions to meet our customers’ specific needs,” said Andy Holt, general manager of wind services for GE Energy. “By focusing on production, we are adding value for customers. We are better aligning our goals with theirs and better sharing the risk between GE and our customer. Production-Based O&M brings us another step closer to running the turbines like we own them.”

Production-Based O&M is the latest addition to GE’s growing family of services offerings for the wind industry. GE more than doubled its investment in services research and development in 2010 and 2011 as it built a world-class portfolio of services. GE’s wind service solutions incorporate the company’s advanced technology, global resources and service facilities and a network of skilled, highly trained local technicians who are closely connected to GE’s engineering organization. GE service agreements give customers access to GE’s suite of wind turbine upgrades, which are based on technology evolution and in-depth product knowledge.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

GE Energy works connecting people and ideas everywhere to create advanced technologies for powering a cleaner, more productive world. With more than 100,000 employees in over 100 countries, our diverse portfolio of product and service solutions and deep industry expertise help our customers solve their challenges locally. We serve the energy sector with technologies in such areas as natural gas, oil, coal and nuclear energy; wind, solar, biogas and water processing; energy management; and grid modernization. We also offer integrated solutions to serve energy- and water-intensive industries such as mining, metals, marine, petrochemical, food & beverage and unconventional fuels.

Follow GE Renewable Energy on Twitter @GErenewables.

PRESS Contacts
Ken Darling, Masto Public Relations
P: +1 518 786 6488 - E: kenneth.darling[.]ge.com.

Beth Coffman, Masto Public Relations
P: +1 518 786 6488 - E: beth.coffman[.]mastopr.com.

GE news, Masto Public Relations - E: information[.]mastopr.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE Expands Wind Services Portfolio with Production-Based O&M

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Katelyn Buress - GE Power & Water 
+1 518-385-3545 katelyn.buress[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

ENGIE, Sigfox and UnaBiz Announce Nationwide IoT Network Rollout in Singapore
GE Renewable Energy to Equip First Commercial U.S. Integrated Solar-Wind Hybrid Project
GE’s Gas Engine Technology Provides Cost-Effective, Grid-Stability Solution for Cameroon Poultry Hatchery
Venture Global LNG Selects GE Oil & Gas Advanced Technology Plant-wide Solution for LNG Export Facilities Under Development in Louisiana
SolarWinds Unveils the Next Generation of IT Troubleshooting at Cisco Live EMEA 2017
SolarWinds IT Management Platform Being Tested for Secure Government Deployment
World's First Purpose-built LNG Bunkering Vessel Delivered to ENGIE, Fluxys, Mitsubishi Corporation and NYK
Enel Closes Acquisition of Brazilian Distribution Company CELG
SolarWinds IT Management Platform Achieves Common Criteria Certification
GE & HEI Achieve Major Milestone with First Fire of HA Gas Turbine At Bhikki Power Plant
Aluminium of Greece Collaborates with GE to Drive Efficiency Using Predix*-based First-of-their-kind Digital Smelter Solutions
Enel Green Power Gives Renewable Energy to New Paediatric Surgery Hospital in Uganda
GE Inaugurates Redhill (Stafford) Manufacturing Facility, UK
Turkey's First Digital Power Plant Powered by GE & GAMA Energ
Enel Promotes Italian Solutions in the Residential Storage Market

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)