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GE Launches Breakthrough Power Generation Portfolio with Record Efficiency and Flexibility with Natural Gas; Announces Nearly



  GE Launches Breakthrough Power Generation Portfolio with Record Efficiency
  and Flexibility with Natural Gas; Announces Nearly $1.2 Billion in New
  Orders

  * New FlexEfficiency* 60 Technology to Power New Projects in the U.S., Saudi
    Arabia and Japan
  * Unprecedented Combination of Efficiency and Flexibility Will Reduce
    Emissions and Allow Greater Integration of Renewable Energy onto the Grid
  * Expanded Portfolio to Include Larger Gas Turbines
  * New Gas Turbines to be Built and Tested in Greenville, S.C., and Shipped
    around the Globe

Business Wire

SAN FRANCISCO -- September 26, 2012

GE (NYSE: GE) unveiled today its new FlexEfficiency 60 power generation
portfolio engineered to harness natural gas and enable greater use of
renewable energy. The FlexEfficiency 60 portfolio combines record-breaking
efficiency, which will reduce emissions and save money (compared to prior GE
configurations), along with unprecedented flexibility, which will enable
utilities to deliver power quickly when it is needed and to ramp down when it
is not, balancing the grid cost-effectively.

GE also announced that the company has secured nearly $1.2 billion in new
orders for FlexEfficiency 60 technology for projects in the United States,
Saudi Arabia and Japan, demonstrating strong international demand for
technology that can provide highly efficient baseload power and pair natural
gas with renewables.

At the heart of the new portfolio is the ecomagination*-qualified
FlexEfficiency 60 Combined-Cycle Power Plant, the most flexible and most
efficient power plant of its kind with the capability to reach greater than 61
percent thermal efficiency. This record-breaking efficiency will save fuel,
reduce emissions and save money for power companies. Like its 50-hertz
counterpart, the FlexEfficiency 50 Plant introduced in 2011, the
FlexEfficiency 60 Plant is able to rapidly increase or decrease its power
output in response to fluctuations in wind and solar power, enabling the
integration of more renewable resources onto the power grid.

Natural Gas Power Generation for a Changing Energy Landscape

“This is a great milestone for our natural gas portfolio. We stated a year ago
that we would bring our FlexEfficiency technology to our customers in places
such as the U.S., Middle East, Japan and Brazil, and today we delivered,” said
Steve Bolze, president and CEO of GE Power & Water. “We continue to invest in
and build the broadest gas-fueled power generation portfolio in the industry.
From 1-megawatt distributed power to 300-megawatt baseload power, GE
technology helps meet the power needs of people everywhere in the world.”

FlexEfficiency 60 technology will be manufactured and tested at the world’s
largest gas turbine manufacturing facility in Greenville, S.C., where GE’s
engineers and technologists are at work engineering and building advanced
technologies that deliver cleaner, more-efficient energy to the world.

The newest member of GE’s ecomagination portfolio, the FlexEfficiency 60 Plant
is configured to take on the world’s toughest environmental challenges,
avoiding up to 56,000 metric tons of carbon emissions per year relative to
existing technology. If just one equivalent-size coal plant was replaced with
the FlexEfficiency 60 Plant, the offset carbon emissions would be 2.6 million
metric tons per year, the equivalent of 500,000 U.S. cars coming off the road.

The FlexEfficiency 60 Portfolio will include four gas turbines covering a
range of customer needs. The newest is the 7F 7-series with record-breaking
flexibility and efficiency in combined cycle. GE also is announcing the
enhanced, highly flexible 7F 5-series. These technologies are available to
customers today. A new 7F 9-series, configured to be the largest and most
efficient in the portfolio, and an enhanced 7F 3-series will be available in
the future. Combined, the portfolio offers the broadest power range of
advanced gas turbines in the industry, from 185 megawatts to more than 300
megawatts.  The FlexEfficiency 60 Portfolio also includes an enhanced D-17
steam turbine, H26 hydrogen-cooled generator and Mark* VIe Integrated Control
System that can be configured into the FlexEfficiency 60 Combined-Cycle Power
Plant.

Flexible and Efficient Technology for the Globe

Power grids around the world are split into two frequencies—50 hertz (Europe,
much of Asia and Africa) and 60 hertz (North America, much of South America,
Saudi Arabia, southern Japan, Korea, Taiwan). GE first developed
FlexEfficiency technology for customers in the 50-hertz world. The
FlexEfficiency 60 portfolio marks the expansion of this groundbreaking
technology to the rest of the world, allowing efficient partnering of natural
gas and renewable energy.

The $1.2 billion in new sales is comprised of orders for 19 gas turbines—13
for the 7F 5-series gas turbine and six for the new, larger 7F 7-series gas
turbine introduced today. The 7F 7-series builds on the success of the 7F
5-series and GE’s F-class technology and is based on years of experience in
GE’s Aviation and power generation businesses.

Paul Browning, president and CEO, GE Thermal Products business, said, “Today’s
announcement positions GE with the broadest, most comprehensive gas turbine
portfolio, delivering a combination of record-setting efficiency and
flexibility. Our expanded portfolio of large block gas turbines enables us to
meet the complex and diverse energy and resource needs of our global customers
today and in the future.”

Below is a breakdown of the FlexEfficiency 60 Portfolio projects announced
today:

  * Chubu Electric Power, Japan—GE will ship six 7F 7-series gas turbines to
    Chubu Electric Power Co., Inc.’s Nishi-Nagoya thermal power plant in
    Nagoya city, Japan. The plant will support the government’s initiative for
    cleaner, more-efficient energy production. It will produce more than 2,300
    megawatts in combined-cycle operation. GE will supply the six 7F 7-series
    gas turbines to Toshiba, the engineering, procurement and construction
    contractor for the project. The first unit will be shipped in February
    2016 with all six turbines expected to be in service by March 2018. In
    addition to the equipment, GE will supply parts for the project.
  * Riyadh Power Plant 12, Saudi Arabia—GE will supply eight 7F 5-series gas
    turbine-generators for the expansion of Saudi Electricity Company’s (SEC)
    PP12 project, which will add more than 1,990 megawatts of power to help
    SEC meet its future electricity demands when it enters commercial
    operation in 2015. PP12 will be the largest air-cooled combined-cycle
    project in Saudi Arabia using GE’s F-class gas turbines and will be the
    first application of 7F 5-series gas turbines in the region. The gas
    turbines will burn natural gas provided by the Saudi national oil and gas
    company Saudi Aramco. The machines will be equipped with GE’s latest dry
    low NO[x] combustion technology to reduce emissions, extend maintenance
    intervals and enable the plant to operate more flexibly.
  * Cherokee Clean Air Clean Jobs Project, Colorado—Two GE 7F 5-series gas
    turbines will power the Cherokee project in Denver, which will convert an
    existing coal plant into a cleaner burning, natural gas combined-cycle
    facility. The Cherokee repowering project is part of Colorado’s Clean Air
    Clean Jobs Act passed in 2010, which helps retire or retrofit the state’s
    coal plants. The new plant will be owned and operated by the Public
    Service Company of Colorado, a wholly owned subsidiary of Xcel Energy, a
    major U.S. electric and natural gas company. GE expects to ship the gas
    turbines in the fourth quarter of 2013, with commercial operation
    beginning in the fourth quarter of 2015. GE also will supply technical
    direction, training and spare parts.
  * Hess Corporation—GE will provide two 7F 5-series gas turbines and a GE D11
    steam turbine to Hess Corporation for an upcoming project in the United
    States.
  * Customer in Western U.S.—GE will provide one  7F 5-series gas turbine for
    an industrial application in the Western United States. This new
    combined-cycle power plant will repower coal fired steam turbines with
    cleaner, flexible natural gas.

Learn more at www.ge-flexibility.com.

About GE

GE  (NYSE: GE) 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. For more information,
visit the company's website at www.ge.com.

Follow GE Power & Water and ecomagination on Twitter @GE_PowerWater and
@ecomagination.

* Trademark of the General Electric Company.

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Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50421575&lang=en

Contact:

GE Power & Water
Milissa Rocker, +1 518-385-2381
Milissa.rocker@ge.com
or
Masto Public Relations
Ken Darling or Howard Masto
+1 518-786-6488
Kenneth.darling@ge.com
Howard.masto@ge.com
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