GE Power & Water
 |
|
| Subsidiary | |
| Industry | Energy |
| Founded | 2008 |
| Defunct | 2012 |
| Headquarters | Atlanta, Georgia, United States |
|
Area served
|
Worldwide |
|
Key people
|
Steve Bolze, Jr (President & CEO) |
| Products | Electricity transmission and distribution equipment Gas engines Gas turbines Generators Measurement and control systems Nuclear reactors Oil drilling and production equipment Pipeline equipment Solar panels Steam turbines Water and process technologies Wind turbines |
| Revenue | US$37.1 billion (2009/10) |
|
Number of employees
|
Approximately 82,000 (2011) |
| Parent | General Electric |
| Divisions | GE Energy Management GE Oil and Gas GE Power and Water |
| Website | www |
GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States. As of 2013, it is no longer an active division of GE and all operations are managed between GE Energy Management, GE Oil & Gas, and GE Power & Water and the entire company is now known as GE Power.
In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure.
On March 29, 2011, GE Energy announced plans to acquire a 90% stake in Converteam for $3.2 billion.
In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would be broken into three new GE businesses:
This move was seen as an effort to drive simplification and visibility in GE, and the reorganization was completed in October 2013. The company's new name is GE Power and it oversees all the divisions. Now the company is one of the largest companies in the world and is the leader in different energy techniques and selling energy.
GE Energy was divided into the following divisions:
...
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