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| key_people = John Krenicki, Jr <small>(President & CEO)</small><ref name=compinfo>{{cite web|url=http://www.gepower.com/about/info/en/index.htm|title=Company Information|accessdate=15 April 2011|publisher=GE Energy}}</ref>
| key_people = John Krenicki, Jr <small>(President & CEO)</small><ref name=compinfo>{{cite web|url=http://www.gepower.com/about/info/en/index.htm|title=Company Information|accessdate=15 April 2011|publisher=GE Energy}}</ref>
| industry = [[Energy]]
| industry = [[Energy]]
| products = {{Collapsible list|Electricity transmission and distribution equipment<br />Gas engines<br />Gas turbines<br />Generators<br />Measurement and control systems<br />Nuclear reactors<br />Oil drilling and production equipment<br />Pipeline equipment<br />Solar panels<br />Steam turbines<br />Water and process technologies<br />Wind turbines<ref name=factsheet>{{cite web|url=http://www.gepower.com/about/info/en/downloads/GEA17978%20GEEnergyExternal_R9.pdf|title=GE Energy Fact Sheet|accessdate=15 April 2011|publisher=GE Energy|deadurl=yes}}</ref>{{dead link|date=October 2015}} }}
| products = {{Collapsible list|Electricity transmission and distribution equipment<br />Gas engines<br />Gas turbines<br />Generators<br />Measurement and control systems<br />Nuclear reactors<br />Oil drilling and production equipment<br />Pipeline equipment<br />Solar panels<br />Steam turbines<br />Water and process technologies<br />Wind turbines<ref name=factsheet>{{cite web|url=http://www.gepower.com/about/info/en/downloads/GEA17978%20GEEnergyExternal_R9.pdf |title=GE Energy Fact Sheet |accessdate=15 April 2011 |publisher=GE Energy |deadurl=yes |archiveurl=https://web.archive.org/20110102093459/http://www.gepower.com/about/info/en/downloads/GEA17978%20GEEnergyExternal_R9.pdf |archivedate=January 2, 2011 }}</ref> }}
| services =
| services =
| revenue = $37.1 billion (2009/10)<ref name=factsheet/>
| revenue = $37.1 billion (2009/10)<ref name=factsheet/>
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In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure.
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.<ref>{{cite news| url=http://online.wsj.com/article/BT-CO-20110329-710215.html| title=GE Energy To Buy 90% Stake In Converteam For $3.2B| publisher=Wall Street Journal| date=29 March 2011| deadurl=yes}} {{Dead link|date=April 2014|bot=RjwilmsiBot}}</ref><ref>{{cite news| url=http://www.bloomberg.com/news/2011-03-29/ge-to-buy-most-of-converteam-from-barclays-lbo-france-for-3-2-billion.html| title=General Electric Agrees to Buy Converteam for $3.2 Billion| publisher=[[Bloomberg Business]]|date=2011-03-29|accessdate=2015-10-29|first1= Rachel |last1=Layne |website=Bloomberg Business}}</ref>
On March 29, 2011, GE Energy announced plans to acquire a 90% stake in [[Converteam]] for $3.2 billion.<ref>{{cite news|url=http://online.wsj.com/article/BT-CO-20110329-710215.html |title=GE Energy To Buy 90% Stake In Converteam For $3.2B |publisher=Wall Street Journal |date=29 March 2011 |deadurl=yes |archiveurl=https://web.archive.org/20110407040545/http://online.wsj.com:80/article/BT-CO-20110329-710215.html |archivedate=April 7, 2011 }}</ref><ref>{{cite news| url=http://www.bloomberg.com/news/2011-03-29/ge-to-buy-most-of-converteam-from-barclays-lbo-france-for-3-2-billion.html| title=General Electric Agrees to Buy Converteam for $3.2 Billion| publisher=[[Bloomberg Business]]|date=2011-03-29|accessdate=2015-10-29|first1= Rachel |last1=Layne |website=Bloomberg Business}}</ref>


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:<ref>{{cite news| url=http://online.wsj.com/news/articles/SB10000872396390444464304577538500847681874 |publisher=[[The Wall Street Journal]]|website=The Wall Street Journal|subscription=yes|title=GE Shake-Up Will Audition New Leaders|first1=Kate|last1=Linebaugh|date=2012-07-20|accessdate=2015-10-29}}</ref>
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:<ref>{{cite news| url=http://online.wsj.com/news/articles/SB10000872396390444464304577538500847681874 |publisher=[[The Wall Street Journal]]|website=The Wall Street Journal|subscription=yes|title=GE Shake-Up Will Audition New Leaders|first1=Kate|last1=Linebaugh|date=2012-07-20|accessdate=2015-10-29}}</ref>

Revision as of 07:52, 27 January 2016

GE Energy
Company typeDivision
IndustryEnergy
Founded2008 (2008)
Defunct2012
Headquarters
Atlanta, Georgia
,
United States
Area served
Worldwide
Key people
John Krenicki, Jr (President & CEO)[1]
Products
List
  • 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[2]
Revenue$37.1 billion (2009/10)[2]
Number of employees
Approximately 82,000 in 2011 [2]
ParentGeneral Electric
DivisionsGE Energy Management
GE Oil & Gas
GE Power & Water
Websitewww.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

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 be broken into three new GE businesses:[6]

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

Divisions

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] [failed verification]
    • Power Generation Products (previously known as Thermal Products)
    • Power Generation Services
    • Distributed Power
    • GE Hitachi Nuclear Energy
    • Renewable Energy
    • Water & Process Technologies

See also

References

  1. ^ "Company Information". GE Energy. Retrieved 15 April 2011.
  2. ^ a b c d "GE Energy Fact Sheet" (PDF). GE Energy. Archived from the original (PDF) on January 2, 2011. Retrieved 15 April 2011. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  3. ^ GE Company Organization Chart
  4. ^ "GE Energy To Buy 90% Stake In Converteam For $3.2B". Wall Street Journal. 29 March 2011. Archived from the original on April 7, 2011. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  5. ^ Layne, Rachel (2011-03-29). "General Electric Agrees to Buy Converteam for $3.2 Billion". Bloomberg Business. Bloomberg Business. Retrieved 2015-10-29.
  6. ^ Linebaugh, Kate (2012-07-20). "GE Shake-Up Will Audition New Leaders". The Wall Street Journal. The Wall Street Journal. Retrieved 2015-10-29. {{cite news}}: Unknown parameter |subscription= ignored (|url-access= suggested) (help)
  7. ^ "GE Energy - About Our Business". GE.


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