E.ON Climate & Renewables to Install GE’s Brilliant PowerUp* Platform across Five Wind Farms

  E.ON Climate & Renewables to Install GE’s Brilliant PowerUp* Platform across
  Five Wind Farms

  *PowerUp Platform to Provide More Power to EC&R’s Fleet of 469 GE 1.5-77
    Turbines
  *Additional Power Could Equate to 19 New 1.5-77 Wind Turbines for E.ON
    Fleet
  *Agreement Complements GE and E.ON’s 842 Turbine Service Agreement

Business Wire

SCHENECTADY, N.Y. -- November 12, 2013

GE (NYSE: GE) today announced E.ON Climate & Renewables’ (EC&R) contract for
GE’s newest brilliant offering, PowerUp*. PowerUp is a customized
software-enabled platform that increases a wind farm’s output by up to 5
percent. EC&R will enhance 469 of its GE 1.5-77 wind turbines with the PowerUp
platform.

The PowerUp offering agreement between EC&R and GE is an outcomes-based
approach. EC&R will pay GE only on the actual benefit of the PowerUp platform.

“The outcomes-based approach aligns well with our goals of providing cleaner,
better energy at a more affordable price,” said Steve Trenholm, chairman, E.ON
North America. “Investment in wind energy has led to technological
advancements like PowerUp that continue to make renewables more and more
competitive with traditional forms of energy.”

GE and EC&R have agreed to a set point of additional annual energy production
per wind turbine, which could bring the equivalent power of as many as 19 new
1.5-77 wind turbines for the EC&R fleet.

“We see PowerUp as a new path to development for our customers. Without any
development risk, or installation expense, EC&R will see the equivalent of 19
new turbines in the ground today,” said Andy Holt, general manager of GE’s
renewable energy projects and services organization. “With this model, we are
on the same side of the field as our customers. We succeed when they succeed.”

GE will work with EC&R to perform a complete before-and-after wind farm
power-performance analysis to validate the performance improvement.

PowerUp is part of GE’s brilliant wind platform, which harnesses the power of
the Industrial Internet to analyze tens of thousands of data points on a wind
farm every second, driving higher power output, increasing services
productivity and creating new revenue streams for customers. It is one of GE’s
predictivity technologies, leveraging connectivity and advanced analytics, and
is an ecomagination qualified product.

About E.ON Climate & Renewables (EC&R)

E.ON Climate & Renewables (EC&R), headquartered in Essen, Germany, is
responsible for E.ON’s large-scale renewable energy activities. EC&R plays a
leading role in the development of the renewable industry worldwide and is
already active in onshore and offshore wind, photovoltaic and concentrating
solar power. E.ON currently operates over 9 gigawatts of renewable capacity
including large hydro. Since its formation in 2007, EC&R has already invested
more than €9 billion, including more than $5 billion in the U.S solar and wind
facilities, and will continue to expand the share of renewable energy in
E.ON’s power generation portfolio. For more information, please visit
www.eon.com/renewables.

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.

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.

Follow GE Power & Water and GE’s renewables business on Twitter @GE_PowerWater
and @GErenewables.

*PowerUp is a service mark of the General Electric Company

Contact:

GE Power & Water
Katelyn Buress, 518-362-6154
katelyn.buress@ge.com
or
Masto Public Relations
Beth Coffman or Howard Masto
518-786-6488
beth.coffman@mastopr.com
howard.masto@ge.com
or
E.ON North America
Elon Hasson, 503-729-8158
Director External Affairs
elon.hasson@eon.com
 
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