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.
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.
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.
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.
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.