GE Sees Energy Sales Doubling to $100 Billion Amid ‘Inflection’
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General Electric Co. is targeting annual sales of $100 billion from its energy unit, whose equipment provides more than a quarter of the world’s power, within the next decade.
That would more than double the projected $45 billion in 2011 revenue, John Krenicki, the vice chairman who runs GE Energy Infrastructure, said at an investor presentation today in Crotonville, New York. Last year’s total was $37.5 billion.