GE Power

GE Power (formerly known as GE Energy) is an American energy technology company, owned by General Electric. In 2018, General Electric power plants produced one-third of the world's electricity.

Contents

Structure

As of July 2019, GE Power is divided into the following divisions:

History

GE Energy (early years)

GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States.

In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure division. Before this reorganization, GE had nine decades of history in industrial power production including building a record-capacity three-phase generator for Niagara Falls in 1918 and installation of generators at the Grand Coulee Dam in 1942.

On March 29, 2011, GE Energy announced plans to acquire a 90% stake in Converteam for $3.2 billion.

In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would be broken into three new GE businesses consisting of the following divisions:

  • GE Energy Management
    • Digital Energy
    • Industrial Solutions
    • Environmental Services
    • Power Conversion (former Converteam assets)
    • Bethesda Counsel
  • GE Oil & Gas
  • GE Power & Water

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