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general electric co (GE) Snapshot

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04/3/14 - $53,000
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general electric co (GE) Details

General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment. The company’s Energy Management segments offers plant automation hardware, software, and embedded computing systems, including controllers, embedded systems, advanced software, motion control, operator interfaces, and industrial computers. Its Aviation segment offers jet engines; aerospace systems and equipment; and replacement parts and repair and maintenance services for commercial and military aircraft, marine applications, and executive and regional aircraft. The company’s Healthcare segment provides medical imaging, software and information technology (IT), patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies, and performance improvement solutions. Its Transportation segment offers freight and passenger locomotives, and diesel engines for rail, marine, and stationary power applications; railway signaling and communications systems; underground mining equipment; motorized drive systems; IT solutions; and replacement parts and value added services. The company’s Appliances & Lighting segment manufactures home appliances; and lighting products for commercial and industrial applications. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans, and other financial services. The company was founded in 1892 and is headquartered in Fairfield, Connecticut.

Founded in 1892

general electric co (GE) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $8.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $3.4M
Vice Chairman, Chairman of GE Capital and Chi...
Total Annual Compensation: $6.0M
Vice Chairman
Total Annual Compensation: $6.4M
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $4.5M
Compensation as of Fiscal Year 2013.

general electric co (GE) Key Developments

GE Introduces 80-Gallon GeoSpring Hybrid Electric Water Heater, Made in Louisville, Ky

GE announced that is expanding its family of ENERGY STAR qualified GeoSpring hybrid electric heat pump water heaters to include an 80-gallon unit that will exceed the U.S. Department of Energy’s new energy efficiency standards for all electric water heaters larger than 55 gallons. The new mandate will take effect in April 2015. qualified GeoSpring hybrid electric heat pump water heaters to include an 80-gallon unit that will exceed the U.S. Department of Energy’s new energy efficiency standards for all electric water heaters larger than 55 gallons. The new mandate will take effect in April 2015. Other GeoSpring features: includes the same water and electrical connections as a standard electric water heater, making it easy to install; boasts an energy factor of 2.9, exceeding U.S. Department of Energy’s 2015 energy-efficiency standards; Saves the average household $376 every year compared to a standard electric water heater; provides the same amount of hot water as a traditional 80-gallon standard electric water heater; operates in heap pump mode at an ambient temperature down to 35 degrees F, helping homeowners save on energy even during the colder months; offers exclusive features, such as vacation mode, which will lower the water temperature to 50 degrees for the duration of a trip, and then automatically reenergize itself the day before the homeowner’s return; allows consumers to adjust the temperature setting in one-degree increments from 100 to 140 degrees Fahrenheit; an optional Connect Plus module part # PBX10W00Y0 lets homeowners adjust the temperature of their water heater from their phone, plus schedule the vacation mode while they are away to save energy; an optional ducting kit part # GVK8HS provides flexibility of installation in living areas and confined spaces for maximum comfort, enabling widespread consumer adoption of this efficient technology. Production for the new 80-gallon model (GEH80DFEJSR), with an MSRP of $1,899, has started in the first quarter of 2015 in Louisville, Ky., and will be available in April 2015.

Stockholm to Upgrade Wastewater Treatment Plant with GE Technology

GE announced it will provide Stockholm Vatten with membrane bioreactor (MBR) equipment for the Henriksdal municipal wastewater treatment facility to upgrade the existing technology, making it the MBR plant in the world. The Henriksdal facility is responsible for treating two thirds of the municipal wastewater for the city of Stockholm, Sweden, and once the upgrade is complete, will process up to 864 million liters of wastewater per day. The City of Stockholm has one of the growing populations in Europe, and Stockholm Vatten, the city's water company, was tasked with both expanding the capacity of the facility and producing effluent of higher quality to meet the country's environmental commitments under the Baltic Sea Action Plan (BSAP) and the E.U. Water Directive. The Henriksdal wastewater treatment plant, located in the center of Stockholm, is one of the treatment plants located inside rock. With over 18 kilometers of tunnels blasted into the rock structure, this presents a huge challenge to expand the facility in the same relative footprint. These drivers steered Stockholm Vatten to select GE's LEAPmbr technology as the right solution for the retrofit and upgrade. As part of the contract, GE will be delivering a scope that encompasses the design, supply and servicing of the entire membrane filtration package. The contract will be completed in multiple stages and delivered over a period of four to five years. Design will be completed in 2015 and first shipments will begin in 2016.

General Electric Company's Mobile Software Utilizes Big Data to Reduce Downtime and Restore Power Faster After Severe Storms

When major events such as severe storms knock the power out, expedited utility response times are crucial to ensure utility customers' well-being and timely restoration. Critical information must be seamlessly exchanged between the utility's grid management solution--such as its outage management system (OMS)--and its field workers who are assessing networks and repairing the damage. The new PowerOnTM Response software from General Electric Company's Digital Energy business does just that. By simultaneously integrating field and OMS data, a utility will have a much clearer picture of where network damage exists, enabling repair crews to dramatically speed up the process of getting the power back on. GE's PowerOn Response software simplifies the process of integrating field data with a utility's OMS. Currently, GE is installing phase one of the new software at Colorado Springs Utilities.


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