Post on 05-Dec-2014
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Globalization Technology
2GE Company Proprietary
GE: More than a century of innovation
114-Year-Old, High-Tech, Growth Company
$150 Billion in Annual Revenues
Only Company Listed in Dow Jones Index Today That Was in Original List in 1896
315,000+ Employees Worldwide
1892
2006
3GE Company Proprietary
Six businesses, each with a number of business units aligned for growth.
Commercial Finance
Healthcare
Infrastructure
NBC UniversalConsumer Finance
Industrial
4GE Company Proprietary
GE Global Research: market-focused R&D
c. 1900
2006
• First US industrial lab
• Began 1900 in Schenectady, NY
• Founding principle … improve businesses through technology
• One of the world’s most diverse industrial labs
Cornerstone of GE’s commitment to technology
5GE Company Proprietary
Global brains
Global Research CenterNiskayuna, NY
China Technology Center
Shanghai, China
John Welch Technology CenterBangalore, India
Global Research – EuropeMunich, Germany
Qatar Innovation Center
• 2,600 research employees
• 26,000 GE technologists worldwide
• GE technology spend: $5.2B
The Energy Challenge
7GE Company Proprietary
Global energy trends and challenges …
Population … more electricity demand everywhere
Security … heightened concerns
Environment … driving today’s and tomorrow’s decisions
8GE Company Proprietary
Power gen landscape … next 10 years
N. America China
Rest of Asia
India
W. Europe
Middle East& Africa
Latin America
E. Europe & FSUTotal capacity additions – GW (2006 – 2015)
NuclearRenewablesHydroCoal Gas/Oil
TOTAL
821243559
146
10 Year Avg AnnualCap Adds (GW)
Source: GE Energy Forecast
9GE Company Proprietary
Power Generation Cost of Electricity
0
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Simple CycleGas Turbine
CombinedCycle GasTurbine
ConventionalCoal
Cleaner Coal Nuclear Wind
No PTC$10 Gas$8 Gas $6 Gas$4 Gas
¢/k
Wh
CO2 g/kWh: 650 450 1000 900* 0 0*Near zero with sequestration
Market Adopting Portfolio Approach
10GE Company Proprietary
This environment drives technology development • High fuel prices …
require higher efficiency
• Energy security … requires more diverse solutions
• More stringent environmental standards … require lower emissions, increased use of renewables and nuclear
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Portfolio of affordable, reliable &environmentally responsible
technologies
Energy technology objectives
Driving cost of electricity down
Effi
cie
ncy
Reliab
ilit
y
Em
issio
ns
EfficientDiverseNuclearCoalGasWindOil GeothermalBiomassHydroSolar
NuclearCoalGasWindOil GeothermalBiomassHydroSolar
+
12GE Company Proprietary
Doubling our research investment
Introducing more ecomagination products
Reducing greenhouse gas emissions
Make customers true partners
Keeping the public informed
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Green technology winning in the market
WindNext-gen blades
Advanced drive trains
Innovative controls
'02 ‘06
$200 MM
$3B +
14GE Company Proprietary
Evolution
Advanced Cooling System
GEVO 12 Engine
Reduced fuel consumption ANDreduced emissions•Reduces emissions by 40% compared to existing locomotives•Increased fuel efficiency by 3% - Saves 9,000 gallons of fuel per locomotive per year*
Common Control Architecture
*Assumes average of 300,000 gallons of fuel consumption per year
Green technology winning in the market
GE’s best bets
on energy
technologies
16GE Company Proprietary
Gasifier
RadiantSyngasCooler
ParticulateRemoval
MercuryRemoval
Sulfur RemovalFuture CO2
Capture
Gas Turbine
ElectricityTransmission & Distribution
Steam Turbine
HRSG
Cleaner coal
•Converts coal to synthesis gas … cleaned prior to burning•Produces useful by-products•Driving down cost and emissions
– CAPEX approaching pulverized coal– Criteria emissions approaching natural gas
IGCC (Integrated Gasification Combined Cycle)
17GE Company Proprietary
Nuclear
•Simplified design, increased output, smaller footprint … will reduce CAPEX and OPEX, and shorten construction schedule
•Part of the US Department of Energy 2010 Program, design certification submitted to NRC, selected by NuStart, Entergy & Dominion
•On plan for 2007 Combined Operation License applications
Improved safety & security
Modular & passive design
Advanced new nuclear … ESBWR
18 /GE Global Research
• 3% of Electricity Production
• Significant Growth … ~25% CAGR (’95 – ’13)
• ~40% Global Power Capital Spending
Global Renewable Installed Capacity (GWs)
Growing Demand for Renewables …
World Requiring Renewable Energy
Solutions
182160 Wind 12GW
>50% of Growth
US … 20 % Wind ‘20
UK … 20% Renewables ‘20
Germany … 20% Renewables ‘15
EU … 12% Renewables ‘10
China … 30 GW Wind ‘20
Spain … 20 GW Wind ‘11
India … 12 GW Wind ‘12 ‘05‘04
WindSolar
Biopower
Small Hydro
Geothermal
Aggressive Global Targets
Source: REN21 2006 update
19GE Company Proprietary
Renewables … WindComplete range of products
Arklow demonstration project … 7 x 3.6s
Largest commercial operation
1.5 MW platform • Full power
conversion
• Simplified servicing
• Larger farms with easier grid integration
Future: 2.5/100 MW
• Capacity factor leadership
• High reliability
• Advanced controls
Future: 5 - 7 MW
• Leading cost of energy
• Utilize GE technology strengths
• Among the most proven and utilized technology
• Over 4,700 units worldwide
• 97%+ availability
2.5 MW platform 3.6 MW offshore
20GE Company Proprietary
Breakthrough technology– Nano– Concentrators– Other …
Tomorrow
Integrated systems
Optimize– Reduced material– Increase efficiency – Mfg processes
COE 30 ¢/kWh
And Beyond
COE 18 ¢/kWh
Today
COE 10 ¢/kWh
Renewables … SolarDriving cost down
21GE Company Proprietary
Longer-term Best BetsEnabling technology to deal with environmental challenges
Waste to energy
Liquid fuels
GE Company Proprietary
CO2 Capture
Hydrogen
22GE Company Proprietary
Future of Energy Technology
•Socio-economic trends demanding technology developments
•Government, academia, industry all have a role
•No silver bullet – a portfolio approach to technologies
23GE Company Proprietary
Green is green: energy technology that is…
Good for our customers
Good for the environment
Good for our shareholders
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