GE Energy

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GE Energy
Former type Division
Industry Energy
Founded 2008 (2008)
Defunct 2012
Headquarters Atlanta, Georgia, United States
Area served Worldwide
Key people John Krenicki, Jr (President & CEO)[1]
Products
Revenue $37.1 billion (2009/10)[2]
Employees Approximately 82,000 in 2011 [2]
Parent General Electric
Divisions GE Energy Management
GE Oil & Gas
GE Power & Water
Website www.ge-energy.com

GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States.[3] 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.

History[edit]

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.[4][5]

In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would broken into three new GE businesses:[6]

  • GE Energy Management
  • GE Oil & Gas
  • GE Power & Water.

This move was seen as an effort to drive simplification and visibility in GE, and the reorganization was completed in October 2012.

Divisions[edit]

GE Energy was divided into the following divisions:[2]

  • Energy Management
    • Digital Energy
    • Industrial Solutions
    • Environmental Services
    • Power Conversion (Converteam Acquisition)
    • Bethesda Counsel
  • GE Oil & Gas
    • Drilling Solutions: Land and Offshore
    • Offshore Solutions
    • Subsea Solutions
    • Enhanced Oil Recovery (EOR) Solutions
    • Unconventional Resources
    • Full Range LNG Solutions
    • Industrial Power Generation
    • Refinery & Petrochemicals
    • Gas Storage & Pipeline
  • GE Power & Water[7]
    • Power Generation Products (previously known as Thermal Products)
    • Power Generation Services
    • Distributed Power
    • GE Hitachi Nuclear Energy
    • Renewable Energy
    • Water & Process Technologies

See also[edit]


References[edit]

  1. ^ "Company Information". GE Energy. Retrieved 15 April 2011. 
  2. ^ a b c d "GE Energy Fact Sheet". GE Energy. Retrieved 15 April 2011. 
  3. ^ GE Company Organization Chart
  4. ^ "GE Energy To Buy 90% Stake In Converteam For $3.2B". Wall Street Journal. 29 March 2011. [dead link]
  5. ^ "GE acquires converteam". Bloomberg. 
  6. ^ The Wall Street Journal http://online.wsj.com/news/articles/SB10000872396390444464304577538500847681874 |url= missing title (help). 
  7. ^ "GE Energy - About Our Business". GE. 

External links[edit]