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Press Release

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5 min read

Studie zur notwendigen Weiterentwicklung des deutschen Strommarktdesigns

Die Studie von Frontier Economics und GE Gas Power bewertet das derzeitige Strommarktdesign und die damit verbundenen Risiken im Hinblick auf das Klimaziel und die Ziele der Energiesicherheit Die Autoren betonen die Notwendigkeit schneller Investitionen in dekarbonisierte Gasturbinen als Reservekapazität zur Ergänzung des wachsenden Anteils erneuerbarer Energien auf dem Weg zur Klimaneutralität Sie empfehlen unter anderem, die Transparenz und Liquidität des derzeitigen Marktdesigns zu erhöhen und eine Vergütung für die Angemessenheit des Systems einzuführen <
Sunrise over Earth

Articles & Insights

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4 min read

On the COP27 Agenda: How Public Financing Can Help Developing Countries Make the Energy Transition

One reason the energy transition is hard is because the old systems need care and maintenance while the new systems are being born. Those challenges are even more pronounced for developing economies in Africa, Asia, and Latin America. In many of those emerging countries, transmission infrastructure, political uncertainty, and capital markets can be lacking, creating unique hurdles for development.

Press Release

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3 min read

GE and IRENA sign collaborative agreement at COP27 to support the global climate change agenda

Sharm El Sheikh, Egypt; November 12, 2022: GE (NYSE:GE) signed a framework agreement with the International Renewable Energy Agency (IRENA) to collaborate on a plan which will support both climate change and energy security.  The agreement was signed by Francesco La Camera, Director-General of IRENA and Roger Martella, Chief Sustainability Officer of GE at the 27th Conference of the Parties of the UNFCCC (COP27) in Egypt.

Press Release

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7 min read

Study on the Need to Evolve German Power Market Design

Study by Frontier Economics and GE Gas Power evaluates current power market design and associated risks against climate target and energy security objectives Findings focus on need of rapid investments in decarbonized gas turbines as backup capacity to complement growing shares of renewables on a path to net zero Recommendations include the need to increase transparency and liquidity in the current market design and implementation of remuneration for system adequacy  

Press Release

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5 min read

EGAS, Seasplit Technologies & GE Announce MOU for the Industrial Decarbonization of the Gulf of Suez

Signing took place on the sidelines of ‘Decarbonization Day’ at COP27

Press Release

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6 min read

Egyptian LNG Zero Routine Flaring Study awarded to Bechtel-led Coalition for Decarbonization of existing facility

Egyptian LNG has awarded a feasibility study contract to the Bechtel-led Coalition for Decarbonization that includes Enppi, Petrojet, Baker Hughes, GE Digital, HSBC and NBE. The study will assess implementation of a zero-flaring system at the Egyptian LNG export terminal (ELNG) in Idku, east of Alexandria. H.E. Tarek El-Molla, Egyptian Minister of Petroleum and Mineral Resources, hosted the signing ceremony during the Decarbonization Day events at COP 27 in Sharm El Sheikh, Egypt.

Press Release

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5 min read

GE to Demonstrate Grid Resilience Technology in Puerto Rico for Rapid Power Restoration Following Extreme Weather Events

 Awarded a three-year, $4.5 million project from the U.S.
Martella McGinty COP27

Articles & Insights

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4 min read

Transformers: At COP27, Martella Announces Formation of a Coalition of Companies to Innovate Toward Net Zero

“I’m here to talk about a transformation,” Roger Martella said on Tuesday during the U.S. Center’s opening ceremony at COP27, in the Egyptian resort city of Sharm El-Sheikh.
Parris BEYA Crotonville stage

Articles & Insights

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3 min read

Digital Pioneer: GE’s Colin Parris Named 2023 Black Engineer of the Year

The accolades keep rolling in for Colin Parris. In January, the GE senior vice president and GE Digital chief technology officer won a 2022 BIG Innovation Award from the Business Intelligence Group. In February, he was elected to the prestigious National Academy of Engineers.

Press Release

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6 min read

GE Renewable Energy to upgrade Turlock and Modesto Irrigation Districts’ Don Pedro Hydroelectric Power Plant in California

GE Renewable Energy to replace four turbines and generators as part of the life extension project of the Don Pedro hydropower plantTurlock Irrigation District and Modesto Irrigation District seek to improve the efficiency, performance, and safety of the power plant’s equipmentThe Provisional Acceptance Test is scheduled for December 2024.Greenwood Village, CO; November 09, 2022 – GE Renewable Energy signed a refurbishment contract with the Turlock Irrigation District (TID) to modernize the powerhouse of