January 30 (Renewables Now) - US conglomerate General Electric (NYSE:GE) today said it plans to combined its renewable energy and grid assets into a single business with a simplified structure.
GE will move its grid solutions and hybrid renewables technologies, including solar and storage systems, into the GE Renewable Energy business. This will complement the company’s existing onshore and offshore wind, as well as hydro offerings, which alongside turbine blade manufacturer LM Wind Power are housed within GE Renewable Energy already. Moreover, digitally enabled services will be added to the mix.
The combined operations will be capable of supporting customers from project development, to equipment and services, to full turnkey solutions, GE said, claiming that it will have “the most diverse and broadest renewable portfolios in the industry.”
The enlarged renewable energy arm is part of GE's energy-related portfolio, which also includes the new Gas Power business and the company’s power portfolio, operating Steam, Nuclear and Power Conversion.