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Last $26.47 USD
Change Today +0.16 / 0.61%
Volume 32.6M
GE On Other Exchanges
New York
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As of 4:15 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

general electric co (GE) Key Developments

General Electric Company Announces Multi-Year Joint Development Agreement with Cascade Technologies

General Electric Company has announced a multi-year joint development agreement with Cascade Technologies, Inc. to apply new technologies and super-computer capabilities to improve gas turbine combustion. The collaboration will focus on applying and improving simulation software that enables engineers to virtually look inside a gas turbine as it operates and gain a better understanding of the turbulent fluid, chemical and acoustic processes occurring within advanced, low-emissions gas-turbine combustion systems. The gas turbine combustion process involves multiple steps at high speed. Compared to other digital modeling techniques, Cascade simulation software enables better visualization of the combustion process so engineers can understand more about the subtle changes that occur. It's like looking at the world through a slow-motion video versus a time-lapse snapshot. This visualization is made possible by unique code software that can be scaled to run on national laboratory super-computers and at other high-performance computing facilities. The code allows GE and Cascade teams to simulate the combustion process with microsecond time fidelity and sub-millimeter resolution, while generating petabytes of data. Such an unprecedented amount of information combined with proprietary web-based analysis tools can help shorten the path between simulations and engineering insight. During a typical two-year development cycle, engineers utilizing the full potential of the software can iterate on a design up to ten times faster to accelerate learning and improve the design.

Rosseti and General Electric Announces the Strategic Cooperation Agreement

Rosseti and General Electric concluded a strategic cooperation agreement. Under the agreement, the parties launch long-term and effective cooperation on production and supply of high-tech electric equipment and components for the needs of the Russian power grid. The document also icludes the possibility of the cooperation in the development, production, testing, implementation, technical support and maintenance services of modern electric equipment manufactured by GE. In case the decision on the implementation of the principal directions of cooperation is made, GE plans to produce and supply modern electric equipment to be used during construction and modernization of power facilities operated by Rosseti's affiliates.

GE's Two Unions Approves New Four-Year National Labor Contracts

The members of GE's two larger unions have voted to approve new four-year national labor contracts with GE. Union officials informed GE that voting by members of the IUE-CWA and the United Electrical, Radio and Machine Workers of America (UE) was completed on July 2, 2015, and that the national agreements have been ratified. Union leaders and GE reached tentative agreements on the labor contracts on June 21st after three weeks of negotiations. The unions' bargaining committees and Conference Boards then endorsed the contracts, and the contracts were thereafter approved by membership votes in IUE-CWA and UE locals. Approximately 16,500 union-represented employees are covered by the approved contracts. The IUE-CWA represents about 9,300 GE employees and its labor agreement covers numerous GE locations including Louisville, KY (GE Appliances); Lynn, MA (GE Aviation); and Schenectady, NY (GE Power & Water). The UE represents about 3,480 employees and its labor agreement includes Erie, PA (GE Transportation) as its larger facility. Terms of the new contracts have been offered to the UAW, IAM, IBEW and other unions that have local contracts with GE. Agreements have been ratified by many of these local units to date.

General Electric Adds Two New Solutions to CLP Family of AC-Dc Power Supplies

General Electric, or GE, has announced that its Critical Power business has added two new solutions, CLP0224FP and CLP0112FP, to its open-frame, compact low power, or CLP, family of AC-DC power supplies. These new solutions complement the already released CLP0212FP solution, a 200-W, 12-volt AC-to-DC solution. The CLP0224FP, 200-watt (W), 24-volt power supply delivers efficiencies of greater than 90% in a compact, high-density 2-by-4-inch footprint at 18W/inch3. The CLP0112FP offers efficiency levels in a comparable footprint but at 150-W and 12-volts. Both CLP0224FP and CLP0112 deliver power efficiency of greater than 90% at typical and full-load outputs and at temperatures up to 50 C (122 F) - with higher temperature operation possible at derated output. Additional protection features include over-current, over-voltage and over-temperature protection. GE's CLP0224FP and CLP0112FP AC-to-DC power supplies are now available in volume quantities. Pricing begins at $65 per module at an annual volume of 1,000 units for CLP0224FP and $55 per module at an annual volume of 1,000 units for CLP0112FP.

GE Power Generation Services to Provide Long-Term Maintenance Services for Two GE Gas Turbines at the Beijing Taiyanggong Thermal Power Station

GE Power Generation Services has been selected to provide long-term maintenance services for two GE gas turbines at the Beijing Taiyanggong Thermal Power Station as well as to upgrade and rebuild the turbine combustion systems to become simpler, more fuel flexible and reduce station emissions. The work is part of a renegotiated contractual service agreement (CSA) that will be a service model for Chinese utilities looking to reduce the operational costs and environmental impact of their existing power plants. Within this renegotiated CSA, which was first signed in 2008, GE will upgrade the Dry Low Nox (DLN) burner system of two existing GE 9F.03 gas turbines from a DLN2.0+ to a DLN2.6+ system to enhance the power plant fuel flexibility and also comply with government efforts to reduce industrial greenhouse gas emissions.


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