general electric co (GE) Key Developments
GE Reportedly To Sell Its Australia Commercial-Lending Business
May 20 15
General Electric Company (NYSE:GE) is starting the process to sell its $5 billion Australia commercial-lending operation, according to people familiar with the situation. The process is in the early stages.
General Electric Company - Special Call
May 19 15
To reveal the Digital Wind Farm
GE Launches First Waste-To-Energy Project with Aseagas in Philippines Province of Batangas
May 19 15
Aboitiz Power subsidiary Aseagas Corporation, which focuses on renewable energy solutions, has inked an agreement with GE's Distributed Power business to power its first waste-to-electricity project in Lian in the Province of Batangas, Philippines. The 8.8-megawatt (MW) facility, the first 'greener' energy venture of Aboitiz, will be a biomass power plant running with GE's ecomagination approved Jenbacher gas engines. The Batangas plant will utilize organic waste from sugar cane and molasses from a nearby alcohol distillery. Aside from electricity, the plant will have by-products of fertilizer and CO2 that can be sold to farmers and beverage companies, respectively--achieving complete 'no additional waste' production. The plant will be able to generate power for an estimated 22,000 homes. Additionally, the Department of Energy has stated that the Philippines' supply of biomass resources has the potential to generate a capacity of 4,450 MW, which is equivalent to 40% of the country's energy needs, if developed. Abundant and with zero-carbon dioxide emissions, biomass is considered one of the solutions to the energy challenges of the future. GE's innovative gas engines technology will ensure the Aseagas power plant's high levels of efficiency, modularity and reliability in supplying power to the Philippine grid.
GE Reportedly Interested In Acquiring 3D Systems
May 19 15
General Electric Company (NYSE:GE) is rumoured to be interested in acquiring 3D Systems Corporation (NYSE:DDD). The price of 3D Systems rose after the rumour.
Compañia Española de Petróleos Adopts GE’s Fuel Flex Technology at its Gibraltar-San Roque Refinery
May 18 15
Compañia Española de Petróleos (CEPSA) has adopted new GE gas turbine technology at its Gibraltar-San Roque refinery. Developed by GE’s Power Generation Services business, the fuel-flexible High Hydrogen Fuel DLN1 technology increased the gas turbine’s efficiency by enabling it to use recycled refinery fuel gas (RFG) without needing additional water to generate power. Refinery gases are used as fuel for CEPSA’s internal processes with excess gas flared. GE’s turbine configuration recaptures and reduces waste gas that otherwise must be flared or burned off. The gas, known as RFG, is a typical byproduct of the refining process and contains hydrogen and hydrocarbons, which contribute to greenhouse gases.