Power Generation Update - General Electric...•Commercial Finance •Energy Financial Services...
Transcript of Power Generation Update - General Electric...•Commercial Finance •Energy Financial Services...
GE Energy
Steve BolzePresident & CEO, Power Generation
Power Generation Update
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GE company proprietary
• Energy
• Oil & Gas
•Water & Process Technologies
• Aviation
• Enterprise Solutions
• Healthcare
• Transportation
• Aviation Financial Services
• Commercial Finance
• Energy Financial Services
• GE Money
• Treasury
• Cable
• Film
• International
• Network
• Sports & Olympics
• 4 businesses operating in more than 100 countries … 125+ years • Over 300,000 employees worldwide • 2007 revenue $173B
• 4 businesses operating in more than 100 countries … 125+ years • Over 300,000 employees worldwide • 2007 revenue $173B
GE’s portfolio
EnergyInfrastructure
Technology Infrastructure
GECapital
NBCUniversal
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GE company proprietary
Headquarters: Schenectady, NY
Key locations:
• Bangor, ME
• Belfort, France
• Bourogne, France
• Greenville, SC
• Houston, TX
• Jenbach, Austria
• Newark, DE
• Salzbergen, Germany
• Tehachapi, CA
• Wilmington, NC
Power Generation
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GE company proprietary
Power Generation product offeringsDiverse technologies
• Heavy duty gas turbines• Aeroderivative gas turbines• Generators• Steam turbines• Combined cycle systems
• Jenbacher gas engines• Wind turbines• Photovoltaic solar• Gasification• Nuclear
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GE company proprietary
Power Generation overview
Revenue
Business is growing … everywhere in the world
($ in billions)
>45%
’06 ’07
$10.8
~$13
‘05
$9.3
• Well positioned for global growth
• Diverse product offerings
• Investing for the future
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GE company proprietary
Global dynamics …
Demand …continues to increase, especially China/India/Middle East
Environmental requirements …are increasing and forcing action including technology incentives
Energy security …rising concerns with infrastructure investment in all areas
Fuel prices …remain high and continue to be volatile, increasing interest in alternatives
Political landscape …is uncertain, dynamic, and difficult to anticipate
Rising capital costs & skilled personnel shortage … rising cost structure of energy supply
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GE company proprietary
… the uncertainty drives a diverse set of technology requirements
Load shapes uncertainty … requires more diverse solutions
More stringent environmental standards … require lower emissions, increased use of renewables and nuclear
High fuel prices … require higher efficiency
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GE company proprietary
Power Gen industry orders forecast : 2007-2016
North America
China
Asia
India
West Europe
MidEast
Latin America
East Europe
32 GW/yr
35 GW/yr
14 GW/yr
24 GW/yr
74 GW/yr
15 GW/yr
21 GW/yr11 GW/yr
Africa
4 GW/yr
10 yr avg annual cap orders (GW)
Coal 74 Gas/Oil 78Hydro 26Wind 37Nuclear 9
TOTAL 232*
* Numbers do not sum because of “other” technologiesSource: PG Forecast 01 May 08
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GE company proprietary
Investing in technology competitiveness
IWPP with F-technology
LMS100
24 Cylinder gas engine
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GE company proprietary
Investing for the future
GasificationSolarFuel Flexibility Wind
GE Energy
Steve BolzePresident & CEO, Power Generation
Power Generation Update