GE Invests $1.4B in New Distributed Power Business
GE is spending $1.4 billion over four years to launch a new business – GE Distributed Power – that combines three product lines: Aeroderivative Gas Turbines, Jenbacher Gas Engines and Waukesha Gas Engines.
GE says the new business will help meet the world’s growing demand for on-site power systems that are easier to finance, faster to install and more reliable for customers as spelled out in a GE white paper, “The Rise of Distributed Power.”
GE says distributed generation has become increasingly popular in countries that are seeking more reliable energy options near the point of use.
GE also announced several new distributed power agreements, including:
- Two memoranda of understanding with Clean Power Indonesia (CPI) and the utility PLN for the development and deployment of GE’s integrated biomass gasification power system in Indonesia, with potential to further diversify the country’s fuel mix by creating power from sustainable, local bamboo and wood sources.
- Two Southeast Asia gas engine supply and service agreements with distributed power project developer Navigat Energy to provide 100 new Jenbacher gas engines that will generate a total of 330 MW at a number of independent power production sites in Indonesia and Thailand.
- A separate 10-year material stream agreement under which Navigat will provide preventive maintenance on GE’s installed fleet of 100 J620 Jenbacher gas engines that are driving on-site power projects in Singapore, Indonesia and Thailand.
- An agreement between GE and Malaysian company Green & Smart (GNS), providing waste-to-power using GNS’ patented technology in anaerobic digestors and GE’s Jenbacher gas engine technology to produce power and supply to the Malaysian electricity grid.
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