Steve Bolze News
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General Electric Co. predicts demand for its gas turbines will increase in Saudi Arabia, even with the kingdom working to supply a third of power needs from solar energy within the next two decades.
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General Electric Co. , the world’s biggest maker of power-generation equipment, said demand is growing most quickly in emerging markets and nations with a clear energy policy.
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General Electric Co. rose after gains in energy, its biggest industrial business, and finance fueled higher earnings than analysts estimated.
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General Electric Co. ’s goal of broadening its $1 billion nuclear service-and-parts business with sales of new reactors risks stalling as world leaders reconsider the future of atomic energy.
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General Electric Co.’s severance accord with retiring executive John Krenicki will keep him from competing with the company for three years. That may say more about his value than the $12.9 million in cash he will receive.
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Accurate and timely information from Tokyo Electric Power Co. about the accident at its nuclear plant in northern Japan has been hard to come by.
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Jeffrey Immelt says General Electric Co.’s growth depends on bringing the right technology products to market, from gearless wind turbines to cancer-treatment tests and engines that turn cow manure into energy.
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Vestas Wind Systems A/S , Siemens AG and Suzlon Energy Ltd. may end up with underused U.S. factories as cheap natural gas and a lack of federal support reduce wind turbine deliveries this year by as much as 50 percent.
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General Electric Co. ’s design for a nuclear reactor at a damaged Japanese power plant spurred the 1970s resignation of three employees over concern that its core might not withstand the loss of cooling systems in a severe accident, ABC News reported.
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General Electric Co. , whose equipment generates more than a quarter of the world’s electricity, introduced a gas-based turbine that smooths power production when weather affects wind and solar-based sources.
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