Bolstered by recent strategic acquisitions, GE Energy announced today more than $3 billion in new customer agreements across its wide range of businesses and technologies and in markets across the globe. Last week, the company introduced a new fast, flexible and efficient gas turbine that can provide power quickly in remote areas and also $1 billion in gas turbine orders in North America so far in 2011. Today’s news showcases GE Energy’s ability to integrate diverse advanced technologies from its portfolio and offer unique, tailored solutions to customers everywhere. “Our investments in technology development and recent acquisitions are enabling us to bring advanced products to help our customers improve their energy intensive processes,” said GE Vice Chairman John Krenicki.
Here are some highlights from today’s announcement:
1. Cool Technology Combinations – One advantage GE enjoys is the breadth of its advanced tech offerings, which enables creative solutions using different products in tandem. For example, GE announced today it will support the Queensland Gas Company’s major Australian coal seam gas-to-LNG project with a mashup of Waukesha engine tech and Jenbacher Gas Engines that will together provide on-site power for another of GE’s offerings: advanced membrane and thermal water treatment tech (used to desalinate water produced during the extraction process). Similarly, in Italy, GE will combine Clean Cycle™ waste heat recovery tech and Jenbacher gas engines to help European power customers maximize output and minimize consumption of fuel, part of which is biogas from pig and cow manure, corn and other crops.
2. Brazil is Hot – More than a third of today’s announced total dollar amount comes from projects in emerging powerhouse Brazil. GE won 40 percent of the total amount of energy auctioned by the country’s National Electric Power Agency: 378 megawatts (MW) of wind power to be generated by GE’s 1.6 wind turbine tech and one whole gigawatt of natural gas power generation using its 7FA gas turbine combined-cycle tech. GE was also awarded a major subsea and surface contract for drilling and production equipment by OGX.
3. Making a Move in LNG – GE will supply steam turbines and compressors for the world’s largest Floating Liquefied Natural Gas platform, the Shell Prelude project, which is located 200 km off Western Australia’s Kimberly Coast. Including this new project, GE has won a total of $1 billion in global LNG contracts.
4. Wind at its Back – GE’s 1.6-100 wind turbine will be flying off the shelves. Today the company announced it has earned more than $1.5 billion in new commitments for 750 turbines for wind farms in North and South America over the next two years, bringing total orders for the 1.6-100 to nearly 2 gigawatts and $2.7 billion.
5. Helping Power Egypt – GE will supply six advanced F-technology gas turbines and related services for two new combined-cycle power plants near Cairo that will add ten percent of capacity to Egypt’s power grid, helping support the country’s rapidly growing energy needs. At $300 million, it’s the largest power generation order ever between Egypt and GE.
Those five highlights are just some of the major customer agreements announced today, which also include: enhanced oil recovery operations and tech and service support to an independent power producer in Iraq; GE Energy’s first foray into providing manufacturing solutions to drive energy efficiency and water savings in the food and beverage sector, with Anheuser-Busch InBev facilities in China; the largest smart grid project in Latin America, with Electrica de Guayaquil in Ecuador; and water treatment and recycling using GE’s patented evaporative tech, with Grizzly Oil Sands ULC’s Algar Lake project in Canada.