Former type Subsidiary Area served Worldwide Founded 2008 | Industry Energy Ceased operations 2012 Parent organization General Electric | |
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Defunct 2012; 5 years ago (2012) 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 Headquarters Atlanta, Georgia, United States | ||
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.
Contents
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.
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.
Divisions
GE Energy was divided into the following divisions: