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![]() GE Renewable Energy's headquarters in Boulogne-Billancourt pictured in 2016 | |
Company type | Division |
---|---|
Industry | Renewable energy |
Founded | 2015 |
Headquarters | Boulogne-Billancourt, France |
Key people | Jérôme Pécresse (CEO) |
Products | Wind turbines |
Revenue | $15.7 billion (2021) [1] |
Number of employees | 38,000 (2021) |
Parent | General Electric |
Divisions |
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Website | GE Renewable Energy |
GE Renewable Energy is a manufacturing and services division of the American company General Electric. It is headquartered in Boulogne-Billancourt, near Paris, France and focuses on the production of energy systems that use renewable sources. Its products include wind (onshore and offshore), hydroelectric and solar (concentrated and photovoltaic) power generating facilities. [2]
In 2024, GE Renewable Energy and GE Power merge to create GE Vernova, a company completely independent of General Electric, which ceases to exist as a conglomerate (refocusing on aerospace as GE Aerospace). [3]
GE Renewable Energy was created in 2015, combining the wind power assets GE purchased from Alstom with those previously owned by GE and operated under the Power & Water division. [4] Upon the division's creation, the headquarters of GE Renewable Energy moved from Schenectady, New York to Paris, France, part of conditions for the Alstom purchase.
In 2021 plan to splitting GE into three new public companies: GE Vernova, GE HealthCare and GE Aerospace was announced. GE Renewable Energy, along with GE Digital, GE Power, and GE Energy Financial Services will come together as GE Vernova. [5]
In 2023, GE announces planned spin-off date for beginning of second quarter of 2024. [6]
GE Wind Energy was formed out of the assets of Enron Wind purchased in 2002, [7] and subsequently expanded with the purchase of ScanWind in 2009. [8] GE Wind Energy expanded into offshore wind energy with the purchase of Alstom's energy generation assets (GE Offshore Wind, formerly Alstom Wind) in 2015. [9]
GE Wind subsidiaries :
The GE Hydro sub-division of GE Renewable Energy is involved in hydroelectricity generation. This includes the design, manufacture, and installation of equipment for both gravity fed [10] [11] and pumped-storage power plants, [12] and as upgrades to existing hydroelectric plants. [13] [14] [15]
GE Hydro has developed aerating turbines designed to increase the amount of oxygen in water passing through the turbines, to benefit the aquatic life downstream. [16]
GE Hydro's headquarters are in Boulogne-Billancourt, France. [17]
GE's Grid Solutions business encompasses the high-voltage power grid equipment and engineering activities of Alstom's former subsidiary, Alstom Grid, which itself was spun off from the transmission business of Areva T&D, a former subsidiary of the French multinational Areva.
GE Grid Solutions's headquarters are in Boulogne-Billancourt, France. [17]
Alstom SA is a French multinational rolling stock manufacturer which operates worldwide in rail transport markets. It is active in the fields of passenger transportation, signaling, and locomotives, producing high-speed, suburban, regional and urban trains along with trams.
Qulliq Energy Corporation is a Canadian territorial corporation which is the sole electricity utility and distributor in Nunavut. It is wholly owned by the Government of Nunavut. Its name is derived from the qulliq, a traditional oil lamp used by Inuit and other Arctic indigenous peoples. It is headquartered in Baker Lake, Nunavut.
Iberdrola is a multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers.
Arklow Bank Wind Park is a 25 megawatt offshore wind farm generating electrical power for the Wicklow region in Ireland. It is the first offshore wind farm in Ireland, and the world's first erection of wind turbines rated over 3 MW. It is located on the Arklow Bank, a shallow water sandbank in the Irish Sea, around 10 kilometers (6.2 mi) off the coast of Arklow with an area of 27 by 2.5 kilometres.
Spain is one of the countries with the largest wind power capacity installed, with over 27 GW in 2020. In 2013, it had become the first country in the world to have wind power as its main source of energy.
The Siemens Energy Sector was one of the four sectors of German industrial conglomerate Siemens. Founded on January 1, 2009, it generated and delivered power from numerous sources including the extraction, conversion and transport of oil and natural gas in addition to renewable and alternative energy sources. As of October 1, 2014, the sector level has been eliminated, including the Siemens Energy Sector.
The European Marine Energy Centre (EMEC) Ltd. is a UKAS accredited test and research centre focused on wave and tidal power development, based in the Orkney Islands, UK. The centre provides developers with the opportunity to test full-scale grid-connected prototype devices in wave and tidal conditions.
China is the world leader in wind power generation, with the largest installed capacity of any nation and continued rapid growth in new wind facilities. With its large land mass and long coastline, China has exceptional wind power resources: Wind power remained China's third-largest source of electricity at the end of 2021, accounting for 7.5% of total power generation.
GE Power was an American energy technology company owned by General Electric (GE). In April 2024, GE completed the spin-off of GE Power into a separate company, GE Vernova. Following this, General Electric ceased to exist as a conglomerate and pivoted to aviation, rebranding as GE Aerospace.
The electricity sector in Sri Lanka has a national grid which is primarily powered by hydroelectric power and thermal power, with sources such as photovoltaics and wind power in early stages of deployment. Although potential sites are being identified, other power sources such as geothermal, nuclear, solar thermal and wave power are not used in the power generation process for the national grid.
GE Offshore Wind is a joint venture with Alstom and a subsidiary of GE Vernova, created in 2015 when most of Alstom's electrical power and generation assets were acquired by General Electric. GE's stake in the joint venture is 50% plus 1 share.
GE Wind is a division of GE Vernova. The company manufactures and sells wind turbines to the international market. In 2018, GE Wind was the fourth largest wind turbine manufacturer in the world. Vic Abate is the CEO of GE Vernova’s Wind businesses.
As of 2018, hydroelectric power stations in the United Kingdom accounted for 1.87 GW of installed electrical generating capacity, being 2.2% of the UK's total generating capacity and 4.2% of UK's renewable energy generating capacity. This includes four conventional hydroelectric power stations and run-of-river schemes for which annual electricity production is approximately 5,000 GWh, being about 1.3% of the UK's total electricity production. There are also four pumped-storage hydroelectric power stations providing a further 2.8 GW of installed electrical generating capacity, and contributing up to 4,075 GWh of peak demand electricity annually.
Dogger Bank Wind Farm is a group of offshore wind farms under construction 130 to 200 kilometres off the east coast of Yorkshire, England in the North Sea. It is considered to be the world's largest offshore windfarm. It was developed by the Forewind consortium, with three phases envisioned - first phase, second phase and third phase. In 2015, the third phase was abandoned, while the first and second phases were granted consent. It was initially expected that the Dogger Bank development will consist of four offshore wind farms, each with a capacity of up to 1.2 GW, creating a combined capacity of 4.8 GW. As of 2023, a total of 277 turbines are expected to be built and produce a capacity of 3.6 GW, enough to power 6 million homes.
GE Digital is a subsidiary of American energy conglomerate GE Vernova. Headquartered in San Ramon, California, the company provides software and industrial internet of things (IIoT) services to industrial companies.
Vineyard Wind 1 is an offshore wind farm under construction in U.S. federal waters in the Atlantic Ocean in Bureau of Ocean Energy Management-designated Lease Area OCS-A 0520, about 13 nautical miles south of Martha's Vineyard and Nantucket, Massachusetts. The array is designed to include 62 Haliade-X wind turbines manufactured by GE Offshore Wind with a nameplate capacity of 804 MW combined, equivalent to the annual power use of 400,000 homes. The Massachusetts Department of Public Utilities approved the project in 2019. Construction began on November 18, 2021. In October 2023, the first turbine was installed. Power from the first turbine started flowing into the ISO New England grid on January 2, 2024. Construction is expected to be complete by the end of 2024.
The Nachtigal Hydroelectric Power Station is a 420 megawatt run-of-the-river hydroelectric power station under development in Cameroon across the Sanaga River, which harnesses the energy of the Nachtigal Falls. The development rights were granted to Nachtigal Hydro Power Company (NHPC), a company owned by a consortium comprising (a) Électricité de France (b) International Finance Corporation and (c) the Government of Cameroon. A 35-year power purchase agreement is in place, between Eneo Cameroon S.A. and NHPC.
Many tidal stream generators have been developed over the years to harness the power of tidal currents flowing around coastlines. These are also called tidal stream turbines (TST), tidal energy converters (TEC), or marine hydro-kinetic (MHK) generation. These turbines operate on a similar principle to wind turbines, but are designed to work in a fluid approximately 800 times more dense than air which is moving at a slower velocity. Note that tidal barrages or lagoons operate on a different principle, generating power by impounding the rising and falling tide.
GE Vernova Inc., formerly GE Power and GE Renewable Energy, is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts.
Arabelle Solutions, formerly GEAST, for ‘GE-Alstom’, most of which was spun off from GE Steam Power, is a French multinational specialising in nuclear activities related to steam turbines (Arabelle) for the conventional island, present in nearly 16 countries including China, Finland, India, Romania and the United Kingdom, and headquartered in Boulogne-Billancourt, France. At Belfort, it is developing the Arabelle nuclear turbine, the most powerful in the world.