GE Bringing State-of-the-Art Smart Grid Efficiency, Reliability and Productivity Technologies to China

GE Bringing State-of-the-Art Smart Grid Efficiency, Reliability and Productivity Technologies to China

Yangzhou City Government Hosting Demonstration of GE’s Smart Grid Breakthroughs, from Wireless Smart Meters to Advanced Network Software


ATLANTAThe City of Yangzhou and GE (NYSE: GE) will be working together to help bring the benefits of smart grid technologies to China. GE is building an extensive smart grid demonstration center in the Yangzhou New Economy and Development Zone that will verify how GE technologies deployed throughout the world can help China improve the reliability, efficiency and carbon footprint of its energy delivery. Yangzhou is located on the Yangtze River in China’s Jiangsu province.

“We value GE’s end-to-end infrastructure vision and the fact that they are delivering technologies already proven for reliability and savings”.“China has experienced unbelievable growth over the past decade, creating a massive need for energy to power businesses and consumer lifestyles—so the time is right for Yangzhou to become a smart city,” said Mark Norbom, president and CEO of GE’s China business. “As Chinese engineers design new cities and upgrade existing infrastructure, we’re going to show them how GE technology can help build a world-class model of reliability and efficiency at just about every point in the transmission, distribution and consumption processes. Yangzhou’s initiative will be a showcase to demonstrate how China can get the power it needs and reduce energy’s environmental impact at the same time.”
The technology engagement will include a huge array of GE products that affect energy in homes, on power lines and in a utility’s network control center.
“We value GE’s end-to-end infrastructure vision and the fact that they are delivering technologies already proven for reliability and savings,” said Mr. Zhengyi Xie, the city mayor of Yangzhou. “We hope GE’s advanced smart grid technology will enhance the local infrastructure and the whole relevant industry as well.”
Home energy technologies in the demonstration include advanced metering infrastructure (AMI) smart meters—with dynamic pricing and WiMAX communications interfaces—that serve as the hub of home energy savings. Savings tools operated through the meter include home energy management systems, programmable thermostats, smart appliances that perform activities based on energy availability and cost and demand-response systems that reduce home energy usage during times of peak energy demand.
Grid infrastructure and control technologies in the demonstration include automated outage identification and restoration software, field-force automation and deployment systems and grid-wide network management software.
The initiative may also include installation and demonstration of home-based charging stations for plug-in hybrid electric vehicles PHEVs). Teamed with dynamic pricing that encourages charging overnight, PHEVs can enable electric cars to become more commonplace—reducing China’s need for oil while greatly lowering the carbon footprint of each mile driven.
Through industry collaborations, GE will deliver one of the broadest portfolio offerings of carbon-smart technologies in the industry to modernize electrical systems from the power plant to the consumer. From smarter appliances and technologies for plug-in hybrid vehicles, to providing renewable technologies and smart meters, GE’s innovation and leadership is delivering integrated, large-scale smart grid deployments, leveraging technology synergies and delivering results. www.itsyoursmartgrid.com.
About GE
GE is a diversified global infrastructure, finance and media company that's built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With 60,000 global employees and 2008 revenues of $38.6 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
For more information, visit the company’s Web site at www.ge.com. GE is imagination at work.
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Cleantech News - GE (NYSE: GE) , Chinese Partners Sign Agreements to Advance Clean Technologies, Create Jobs

Cleantech News - GE (NYSE: GE) , Chinese Partners Sign Agreements to Advance Clean Technologies, Create Jobs

‘Company’ to Country’ strategy leads to growth opportunities

•GE Aviation, AVIC Systems create global avionics business for commercial aircraft •GE Energy, Shenhua Group Corporation to accelerate “cleaner coal” technologies, coal gasification in China •GE Transportation, China’s Ministry of Railways to advance high-speed rail partnership opportunities in the United States •GE Transportation, CSR Qishuyan Locomotive Co. announce diesel engine joint venture •CSR Qishuyan Locomotive Co. agrees to purchase 300 Evolution® Series locomotive assemblies •Ventures will create jobs in both countries, including about 500 in U.S.

GE (NYSE: GE) and its Chinese partners that represent some of that country’s key infrastructure development goals announced the signing of a series of “Country to Company” agreements aimed at promoting collaboration between GE and Chinese public and private sector aviation, energy and transportation organizations. The announcements, which were made as part of "GE's Clean Technology Week in China" activities, included the formation of two joint ventures – in avionics and locomotive engines; and the parties’ agreements to explore future “cleaner coal” gasification and high-speed rail opportunities.

The agreements encourage active collaboration to advance clean technologies that address both long-term strategic challenges and economic opportunities for GE and China. Over time, these initiatives are expected to create and safeguard thousands of jobs in both countries.

Jeff Immelt, Chairman and CEO of GE said, “These agreements share common themes – rapid growth potential, clean technologies and job creation. Whether expanding our existing aviation, energy and transportation relationships or looking at technology collaborations to open up new growth opportunities, partnerships like these help protect and grow employment for both GE and China’s infrastructure sectors.

“We expect these investments and commitments to yield long-term benefits,” Immelt said. “New global sales will be a direct result of these collaborations – safeguarding and growing U.S. jobs while supporting Chinese growth for GE businesses and the Chinese aviation, energy and transportation industries,” Immelt said. These partnerships will also give GE the opportunity to strengthen our own local capabilities, enhancing our ability to serve our Chinese customers as that nation drives its technology initiatives.”

Mark Norbom, GE’s president & CEO for Greater China, said: “The deals we are signing are built upon GE's rapid growth in mainland China in the first three quarters of 2009. They not only represent tremendous growth opportunities for our China platforms but also support jobs in the United States. The partnerships we are building with the Chinese industry leaders will better position GE in strategic growth sectors in China such as aviation, transportation and energy. "

Spanning GE’s industrial portfolio, the announcements include initiatives in the following areas:

•Avionics joint venture: GE Aviation and AVIC Systems will create a global avionics business to develop and market integrated systems for commercial aircraft customers. The joint venture, to be headquartered in Beijing, China, plans to offer fully integrated, open architecture avionics and services for future civil aircraft programs. The joint venture, which was announced on Sunday, may create more than 200 U.S. jobs. •Cleaner coal energy: GE Energy and Shenhua Group Corporation have agreed to a framework for an industrial coal gasification joint venture. GE and Shenhua would conduct research and development on new cleaner coal technologies to improve cost and performance of commercial scale gasification and integrated gasification combined cycle (IGCC) solutions, and jointly pursue the deployment of commercial scale IGCC plants with carbon capture and sequestration. To further progress "cleaner coal" IGCC technology in China, the US Trade and Development Agency (USTDA) announced its intention to fund the initial steps toward a plant in China based on GE's technology. •Advancing high-speed rail technologies: GE and the China’s Ministry of Railways (MOR) are considering advancing partnership opportunities to pursue high-speed rail projects in the United States. While GE is the world leader in diesel-electric locomotive technology, GE does not currently manufacture locomotives for high-speed rail travel. A successful partnership with the MOR would allow GE to more effectively compete against European and Japanese companies for high-speed rail related opportunities and would create in the near future about 150 high technology jobs in the U.S. and sustain approximately 3,500 U.S. jobs over time – at least 80% of the content would be sourced from, and all final assembly will take place in the U.S. •Transportation locomotive assemblies order: CSR Qishuyan Locomotive Co., Ltd. agreed to purchase 300 Evolution® Series locomotive assemblies. The agreement helps to sustain nearly 1,200 clean-technology jobs in the U.S. •Engine joint venture: GE Transportation and CSR Qishuyan will form a joint venture company to develop, build and service GE’s Evolution® Series locomotive diesel engines in China, where there is significant opportunity for modernization. Of the 12,000 diesel locomotives in China, only a small fraction are advanced technology. Also, as demand for the ecomagination™ certified technology increases around the world, the new company would jointly seek future commercial opportunities. The announcements came as GE’s “Company to Country” strategy continues to bear fruit. In 2006 GE signed a memorandum of understanding with China’s National Development and Reform Commission (NDRC) to explore broad partnerships with the Chinese government and state-owned companies, especially on GE’s green initiative “ecomagination.” The areas of cooperation with NDRC cover energy, transportation, aviation, water, lighting and other key infrastructure sectors.

GE started doing business in China as early as 1906 and was considered one of the most active foreign companies in the country at the time. Currently GE runs 36 wholly owned or joint venture companies in China ranging from manufacturing, service, research and development, financial services and sourcing, with a total workforce of over 13,000. GE is actively involved in China's infrastructure expansion by offering products and technologies in power generation, oil & gas, water treatment, aviation, transportation, healthcare, security, lighting, power distribution and financial TV.

To learn more about GE’s announcements in China this week, visit http://www.ge.com/chinanews.

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

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