GE Augments Renewable Energy Portfolio

GE has announced that it aims to strengthen its focus on the emergent renewable energy market by combining all of the company’s renewable and grid assets into a single, simplified Renewable Energy business.

H. Lawrence Culp, Jr., Chairman and CEO, GE said, “This strategic realignment positions GE to lead in the fast-growing renewable energy market. This move will help our Renewable Energy teams to better support their customers in leading the energy transition by simplifying the way they can access innovative products, integrated solutions, and services that reflect the evolution of the clean energy marketplace.”

The planned move is a part of the company’s clandestine intention to place itself to meet the budding needs of the power market, including the development of renewable energy.

The company plans to employ the following as a part of its proposed move:

Moving GE’s grid solutions and hybrid renewables (including solar and storage systems) technologies into the GE Renewable Energy Business, complementing its existing onshore wind, offshore wind, LM Wind Power, and hydro offerings.

Complementing all offerings with digitally enabled services

Reshuffling its Onshore Wind structure, eradicating its headquarters layer and stirring its current regional teams—Americas, Europe/Africa, MENA, and APAC — to progress competitiveness, speed, customer focus, and local execution in the Onshore Wind business.

Jerome Pecresse, CEO, GE Renewable Energy said, “With the unique diversity and scale of this portfolio and the combination of expertise, technology, and local reach, we will create enhanced value for all our customers seeking to power the world with affordable, reliable green electrons. Our team is excited by the possibilities this new structure creates to help us lead the energy transition for GE.”

The planned moves will facilitate GE Renewable Energy to drive more local and integrated solutions, simplify its structure, and improve performance. The business will be competent of supporting customers from project development to equipment and services, to full turnkey solutions. It will have the most assorted and broadest renewable portfolios in the industry, enabling customers to bring green electrons to the grid or to power their operations.