GE Energy

From DolceraWiki
Jump to: navigation, search

Company Overview:

GE Energy, , a leading supplier of power generation technology, energy services and energy management systems, is a subsidiary of General Electric and is headquartered in Atlanta, USA. GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With 90,000 global employees and 2010 revenues of $37.5B, GE Energy is one of the world's leading suppliers of power generation and energy delivery technologies.

GE Wind Energy is a branch of GE Energy, a subsidiary of General Electric. The company manufactures and sells wind turbines to the international market. In 2009, GE was the second largest wind turbine manufacturer in the world.

GE´s Wind Business started in May 2002 and today it has production facilities in Germany, China, and the USA. It employs more than 3.200 people, of which about 800 work at the company's European headquarters in Salzbergen. Its product and services portfolio includes wind turbines with rated capacities between 1.5 to 4 megawatt as well as project management, support services and maintenance. Worldwide, more than 16.000 turbines are installed by GE Wind Energy.

Key Facts:

Head Office
4200 Wildwood Parkway
GA 30339
CEO John Krenicki
Web Address
No of Employees 90,000
Turnover (US $M) 37,514
Financial Year End December


(In $M) 2010 2009 2008
GE Energy Revenues 37,514 40,648 43,046
Segment profit 7,271 7,105 6,497
Revenues break up
Energy 30,854 33,698 36,307
Oil & Gas 7,561 7,743 7,417
Segment profit break up
Energy 6,235 6,045 5,485
Oil & Gas 1,205 1,222 1,127


GE Energy has the following divisions:

  1. GE Energy Services
    1. GE Digital Energy
    2. GE Electrical Distribution
    3. GE Measurement & Control Solutions
  2. GE Oil & Gas
  3. GE Power & Water
    1. GE Hitachi Nuclear Energy (Joint venture with Hitachi, 60% ownership)
    2. GE Jenbacher
    3. GE Water & Process Technologies
    4. GE Wind Energy]

Orders Backlog

GE's total backlog of firm unfilled orders at the end of 2010 was $66.7 billion, a decrease of 1% from year-end 2009, reflecting decreased demand at Energy Infrastructure, partially offset by increased demand at Technology Infrastructure. Of this backlog, $46.0 billion related to products, of which 59% was scheduled for delivery in 2011. Product services orders, included in this reported backlog for only the succeeding 12 months, were $20.6 billion at the end of 2010. Product services orders beyond the succeeding 12 months were approximately $108.7 billion, which combined with the firm unfilled orders described above resulted in a total backlog of approximately $175.4 billion at December 31, 2010.

SWOT Analysis

GE Energy is a leading supplier of technology, products and services to the global energy industry. The company is a part of GE Infrastructure, an operating segment of General Electric (GE). GE Energy's strong market position gives it significant bargaining power. However, the company could be threatened by rising steel prices which could impact its profitability.

Strengths Weaknesses
Strong market position
Support of parent company
Technology and innovation
Weak operating performance
Opportunities Threats
Commitment to new technologies
Growth in aerospace industry
Increase in demand for natural gas
Rising steel prices
Interest rates
Environmental regulations

Latest News

  1. Lake Erie Becomes Site for GE's First Ever Freshwater Wind Farm in the U.S. BY Addy DugdaleMon May 24, 2010
  2. GE Wind Service IT Platform Selected for InfoWorld's Annual Green 15 Award Posted May 5th, 2011. ..
  3. Reaching Toward the Sky: GE Energy Introduces Taller Wind Turbine Towers. April 04, 2011

Addresses of GE Energy in Other Countries

GE Wind Energy GmbH
Holsterfeld 16, 48499 Salzbergen, Germany
Phone: +49 (0)5971 980-0
Fax: +49 (0)5971 980-1999
GE Energy France
1321, Chemin des Cailloux
69390 Charly, France
Phone: +33 (0)72 317-737
Fax: +33 (0)72 317-654
GE Energy China
18/F Kerry Center, No. 1 Guang Hua Road
100020 Chaoyan District - Beijing, China
Phone: +86 (0)10 5822-3700
Fax: +86 (0)10 6561-1566
GE Energy Italy
c/o Nuovo Tignone, Via Felilce Matteucci, 2
50127 Florence, Italy
Phone: +39 (0)55 4263 4541
Fax: +39 (0)55 4263 2800
GE Energy Spain
Juan Bravo 3C, 8° Planta
28006 Madrid, Spain
Phone: +34 (0)91 587 0500
Fax: +34 (0)91 587 0665
GE Energy UK
The Arena, Downshire Way
RG12 1 PU Bracknell - Berkshire, Great Britain
Phone: +44 (0)1344 460-500
Fax: +44 (0)1344 460-567
GE Energy Canada
555 Boul. Frederick Phillips, 3rd. Floor
H4M 2X4 Montréal, Québec, Canada
Phone: +1 (0)905 858-5110
Fax: +1 (0)905 858-5390