•  
  •  
  •  

GE to simplify structure by adding grid assets to renewables arm

The first GE Haliade 150-6MW nacelle for Merkur leaves Saint-Nazaire. Source: GE

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.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription