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 Announces $100 Million Joint Venture in China to Grow Aeroderivative Gas Turbine Sector - GE (NYSE: GE) and China Huadian Corporation announced a joint venture to develop distributed energy combined heat and power (DECHP) projects that will provide electricity for consumers in China located close to the plants
GE Announces $100 Million Joint Venture in China to Grow Aeroderivative Gas Turbine Sector

 

NewswireToday - /newswire/ - Shanghai, China, 2011/08/23 - GE (NYSE: GE) and China Huadian Corporation announced a joint venture to develop distributed energy combined heat and power (DECHP) projects that will provide electricity for consumers in China located close to the plants. 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!


 

• $100 Million Agreement with Majority Shareholder Huadian Corp. to Accelerate Growth in China;
• Could Lead to Development of More Than 1,000 Distributed Energy CHP Plants in China;
• Supports GE’s U.S.-China Strategy to Spur Growth in Both Countries.

GE is a leader in DECHP and other innovative energy solutions. Today’s announcement will help ensure continued U.S. energy leadership by expanding markets for American technology and services.

The $100 million joint venture company will be called Huadian GE Aero Gas Turbine Equipment Co., Ltd, with China Huadian owning the majority share. It will create opportunities for growth and further investment in GE aeroderivative gas turbines and services, accelerating growth in China while expanding capacity and capabilities.

“The joint venture agreement is another example of GE’s continued commitment to global relationships to meet the energy needs of today and tomorrow,” said Darryl Wilson, president and CEO—aeroderivative gas turbines for GE Power & Water. “The goal of this joint venture is to support the people of China by helping the country meet its need for more than 1,000 distributed energy combined heat and power plants in the next 10 years, while also supporting the U.S. energy technology industry. The joint venture is part of GE’s larger U.S.-China strategic relationship that will be a powerful spur to economic growth in both countries, enhance market confidence and encourage the rest of the world to follow in next generation of energy deployment.”

GE’s aeroderivative business, headquartered in Houston, Texas, brings power to hard-to-reach places by modifying highly reliable GE aviation engines to burn natural gas or biofuels to create energy. These power generation units range from 18-100 megawatts and represent the future of efficient and cleaner power generation. The highly flexible jet engine-based technology helps energy companies take advantage of the growing trend to use abundant, cleaner-burning natural gas for power generation.

DECHP technologies produce both electricity and useful thermal energy from a single fuel at a facility located near the consumers. These efficient systems recover heat that normally would be wasted in the power generation process—saving fuel that would otherwise be used to produce additional heat or steam in a separate unit.

Dozens of American suppliers from locations including Cincinnati and Cleveland, Ohio, Fort Collins, Colo., Portland, Ore., and Houston and Lufkin, Texas, will support the projects in China.

Today’s joint venture announcement between China Huadian Corporation and GE is part of a larger-scale commitment GE has made to China. Most recently:

• On November 9, 2010, GE announced plans to invest more than $2 billion into its efforts in China through 2012 to help tackle the country’s pressing energy and infrastructure needs. GE Chairman and CEO Jeff Immelt announced that the company plans to commit $500 million to enhance China R&D capabilities and establish new Customer Innovation Centers to better serve west, north, central and south China.

• On that same day, as part of the $2 billion investment, GE and State Grid Corporation of China (SGCC), China’s top power distributor and one of the world’s largest utilities, announced plans for several joint ventures to address China’s growing energy needs and to electrify its vast transportation infrastructure. These joint ventures will play a vital role in supporting the country’s energy demand through the development of a smarter grid that will help achieve environmental and economic goals.

• On January 5, 2011, GE announced that it had signed a contract with Jiangsu Tianue Energy & Chemical Group Co. Ltd, which is building a high-efficiency gas turbine power plant to utilize industrial dismissed gas into power and steam to meet increasing energy needs in the region. The power plant will be equipped with three aeroderivative gas turbines, which are the first LM2500+G4 units sold in China. GE’s aeroderivative gas turbines will use coke oven gas as fuel and turn it into electricity for the region.

About GE
GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

PRESS Contacta
Gina DeRossi, Masto Public Relations
P: +1 518 786 6488 / E: Gina.derossi[.]mastopr.com.

Howard Masto, Masto Public Relations
P:+ 1 518 786 6488 / E: howard.masto[.]ge.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 Announces $100 Million Joint Venture in China to Grow Aeroderivative Gas Turbine Sector

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: Rick Goins - GE.com 
713-803-0366 richard.goins[.]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:

GE’s First Power Services Remote Monitoring and Diagnostics Center in Asia Pacific Enables Increased Performance through Analytics
Vestas Secures Order for 101 MW in the United States
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

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)