GE’s Grid IQ™ ‘Solutions as a Service’ is Key Internet Technology Helping Utilities to Develop Modern Grid

  GE’s Grid IQ™ ‘Solutions as a Service’ is Key Internet Technology Helping
  Utilities to Develop Modern Grid

  *Grid IQ™ “Solutions as a Service” to Create More Interconnected Businesses
  *Growing Use of Cloud-Based Computing Empowers Utilities to Modernize
    Infrastructure with Grid Data Management Tools
  *GE’s Subscription Service is Cost-Effective Option for Utilities to
    Modernize Grid Systems

Business Wire

ATLANTA -- November 29, 2012

Highlighting the utility industry’s growing use of Internet-based data
management tools to develop modern grid networks, GE (NYSE: GE) Chairman and
CEO Jeff Immelt today cited GE’s Grid IQ™ “Solutions as a Service” (SaaS)
offering as one of nine industrial service technologies that are creating more
modern, interconnected businesses  in a 21^st century economy, during an event
held in San Francisco.

Grid IQ SaaS is a cloud-based grid management fee-for-service system aimed at
meeting the operational technology needs of smaller and mid-market utilities
that want to avoid the overhead expenses involved with developing their own
smart grid management networks.

With the world’s electricity demand expected to increase by more than 70
percent by 2035, GE’s Grid IQ SaaS and other solutions are being deployed to
help utilities around the world modernize their grid networks to more
effectively meet their growing capacity, environmental and security needs.

In stressing the importance of Grid IQ SaaS as one of nine GE digital
technologies that are helping to revolutionize vital industrial sectors,
Immelt said, “The internet has changed the way we consume information and talk
with each other, but now it can do more. By connecting intelligent machines to
each other and ultimately to people and by combining software and big data
analytics, we can push the boundaries of physical and material sciences to
change the way the world works.”

Grid IQ SaaS allows utilities to monitor, manage and control their grid more
intelligently. Using a cloud-computing services model, these capabilities can
be deployed in 50 percent less time than traditional turnkey project models
and 10 percent of the estimated implementation cost. This empowers utilities
to embark upon grid modernization projects without worrying about the
financial impact of ongoing IT operations.

Already, cities in Georgia are partnering with GE and utilities to utilize the
Grid IQ SaaS tools to improve energy efficiency and to reduce cost.

“We are proud to offer this new service to our member communities as they
pioneer the future of energy in Georgia. To offer the best service, we have
teamed with GE — a trusted industry leader — to implement low-cost, effective
solutions and to improve the use and delivery of energy to the cities’
customers,” said Keith Bass, CEO of Electric Cites of Georgia. “The City of
Norcross is the first municipality in Georgia to take advantage of our Grid
Modernization service, which provides a low-risk improvement of utility
operations and ultimately benefits their customers.”

Grid modernization projects are capital intensive, but GE’s SaaS offering
allows the utility to modernize its operations on an OPEX basis versus a CAPEX
basis. This change can minimize the utilities’ initial project expenses, and
smaller utilities and cooperatives supporting municipalities can expect
benefits that could increase their net income. Grid IQ SaaS replaces the
utilities’ IT infrastructure requirements with cloud-based computing and helps
utilities manage risks associated with long-term technology investment
decisions. SaaS transfers the investment need from the utility to GE by
deploying a standard system.

“GE’s Grid IQ SaaS offers utilities a new method for monitoring, managing and
controlling their grids more intelligently,” said Mike Carlson, general
manager of smart grid solutions for GE’s Digital Energy business. “The menu of
services available under our hosted SaaS server program offers utilities a
cost-effective alternative for meeting their data management challenges.”

The SaaS technology combines the benefits of advanced metering infrastructure,
outage management systems, interactive voice response, demand optimization
systems and geospatial information systems into simple, hosted,
subscription-based packages. Integrated services also offer utilities greater
grid modernization capabilities by better managing electricity loads.
Consumers benefit by engaging through a Web portal, allowing them to make
smarter decisions and better manage their electricity, water and gas use.

GE’s Digital Energy business is a global leader in protection and control,
communications, power sensing and power quality solutions. Its products and
services increase the reliability of electrical power networks and critical
equipment for utility, industrial and large commercial customers. From
protecting and optimizing assets such as generators, transmission lines and
motors, to ensuring secure wireless data transmission and providing
uninterruptible power, GE’s Digital Energy business delivers industry-leading
technologies to solve the unique challenges of each customer. For more
information, visit http://www.gedigitalenergy.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 Energy Management and the Digital Energy business on Twitter
@GE_EnergyMgmt and @YourSmartGrid.

Contact:

Ellen Dowell
GE
Digital Energy
+1 678 742 1529
ellen.dowell@ge.com
or
Tom Murnane or Howard Masto
Masto Public Relations
+1 518 786 6488
tom.murnane@mastopr.com
howard.masto@ge.com
 
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