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 Launches New Distributed Power Business - Announces $1.4 Billion Investment to Meet World’s Need for on-Site Power - According to the report, distributed power will grow 40 percent faster than global electricity demand between now and 2020
GE Launches New Distributed Power Business - Announces $1.4 Billion Investment to Meet World’s Need for on-Site Power

 

NewswireToday - /newswire/ - Jakarta, Indonesia, 2014/02/25 - According to the report, distributed power will grow 40 percent faster than global electricity demand between now and 2020. 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!


 

• GE Targets Global Energy Shift to Faster, More Affordable and Efficient on-Site Power;
• Growing Investment to Go into Gas Engine, Turbine Technology, Products and Services for Customers;
• GE White Paper,“The Rise of Distributed Power,” Predicts Distributed Power will Grow 40 Percent Faster than Global Electricity Demand Between Now and 2020.

GE Vice Chairman John G. Rice and Lorraine Bolsinger, leader of GE’s new Distributed Power business, gathered today with business and government officials in Jakarta to launch GE’s Distributed Power, a new business that combines three product lines Aeroderivative Gas Turbines, Jenbacher Gas Engines and Waukesha Gas Engines aimed to better serve 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 percent faster than global electricity demand between now and 2020.

More communities and businesses are installing distributed power technologies to improve access to electricity in remote areas with poor or non-existent electric grids, according to the paper. In addition, in both developing and developed economies, industry is using distributed power to improve industrial and residential energy efficiency and ensure they have emergency power in the event of natural disasters and other unplanned outages. At the same time, the oil and gas industry relies heavily on on-site power to provide electricity to remote operations as well as mechanical power to pump and compress gas.

Lorraine Bolsinger, president and CEO of GE’s Distributed Power business, said,“With more than 1.3 billion people lacking access to reliable power today, our Distributed Power business is ideally positioned to serve communities in both developing and industrialized countries where we see a growing demand for distributed power solutions to improve local energy security and comply with more stringent environmental regulations. The proliferation of distributed power systems is benefitting people and industries around the world because power is crucial to improving the quality of life and economic development.”

GE also announced a number of agreements during the launch event, including:

• Two memoranda of understanding (MOU) with Clean Power Indonesia (CPI) and PLN for the development and deployment of its integrated biomass gasification power system in Indonesia, with potential to further diversify Indonesia’s fuel mix by creating power from sustainable, local bamboo and wood sources.
• Two major Southeast Asia gas engine supply and service agreements with distributed power project developer Navigat Energy Pte Ltd to provide 100 new Jenbacher gas engines that will generate a total of 330 megawatts at a number of independent power production sites in Indonesia and Thailand.
• A separate 10-year material stream agreement under which Navigat will provide preventive maintenance on GE’s installed fleet of 100 J620 Jenbacher gas engines that are driving on-site power projects in Singapore, Indonesia and Thailand.
• A MOU for GE to supply Navigat with two J920 FleXtra natural gas-fueled engines.
• A contract for GE to provide four Waukesha 12V275GL+ gas engines and two VGF48GL units to help upgrade Pertamina’s Lembak gas compression station facility near Palembang City. This project will increase the gas transmission pressure to the customer’s liquid stripping plant and fertilizing plant.
• An agreement between GE and Malaysian company Green & Smart Sdn Bhd (GNS), which entails providing a proven solution for waste-to-power using GNS’ patented technology in anaerobic digestors and GE’s Jenbacher gas engine technology to produce power and supply to the Malaysian electricity grid.
• GE Oil & Gas and GE’s Distributed Power businesses signed a memorandum of understanding with PLN Enjiniring to develop an integrated virtual pipeline power generation pilot project in remote islands of Indonesia. The project will pull from GE Oil & Gas’ Distributed Gas Solutions portfolio of small-scale, modular natural gas fueling solutions combined with Distributed Power’s power generation gas turbine and engine technology to offer a comprehensive marginal gas-to-power solution with no pipeline infrastructure, known as a “virtual” pipeline.

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.

About GE Power & Water
GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar, biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world’s most complex challenges related to water availability and quality. Power & Water’s six business units include Distributed Power, Nuclear Energy, Power Generation Products, Power Generation Services, Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE’s largest industrial business.

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

Laura Aresi, GE Power & Water
P: +39 335 6978871 - E: laura.aresi[.]ge.com.

Ho ward Masto, Masto Public Relations
P: +1 518-786-6488 - E: howard.masto[.]ge.com.

Gina DeRossi, Masto Public Relations
P: +1 518-786-6488 - E: Gina.derossi[.]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 Launches New Distributed Power Business - Announces $1.4 Billion Investment to Meet World’s Need for on-Site Power

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!

Distributed Power | GE News Center
Publisher Contact: Martina Streiter - GE Gas Engines 
+43 5244 600 2470 martina.streiter[.]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:

PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 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)