GE Expands Renewable Energy Portfolio

The proposed moves will enable GE Renewable Energy to drive more local and integrated solutions, simplify its structure, and improve performance.

GE has announced that it intends to intensify its focus on the growing renewable energy market by consolidating all of the company’s renewable and grid assets into a single, simplified Renewable Energy business.

GE Chairman and CEO, H. Lawrence Culp, Jr., said, “This strategic realignment positions GE to lead in the fast-growing renewable energy market. This move will help our Renewable Energy teams to better support their customers in leading the energy transition by simplifying the way they can access innovative products, integrated solutions, and services that reflect the evolution of the clean energy marketplace.”

The proposed move is a part of the firms ulterior motive to position itself to meet the evolving needs of the power market, including the growth of renewable energy.

The company plans to implement the following as a part of its proposed move:

Moving GE’s grid solutions and hybrid renewables (including solar and storage systems) technologies into the GE Renewable Energy Business, complementing its existing onshore wind, offshore wind, LM Wind Power, and hydro offerings.

Complementing all offerings with digitally enabled services

Streamlining its Onshore Wind structure, eliminating its headquarters layer and elevating its current regional teams—Americas, Europe/Africa, MENA, and APAC — to improve competitiveness, speed, customer focus, and local execution in the Onshore Wind business.

GE Renewable Energy CEO Jerome Pecresse said, “With the unique diversity and scale of this portfolio and the combination of expertise, technology, and local reach, we will create enhanced value for all our customers seeking to power the world with affordable, reliable green electrons. Our team is excited by the possibilities this new structure creates to help us lead the energy transition for GE.”

The proposed moves will enable GE Renewable Energy to drive more local and integrated solutions, simplify its structure, and improve performance. The business will be capable of supporting customers from project development to equipment and services, to full turnkey solutions. It will have the most diverse and broadest renewable portfolios in the industry, enabling customers to bring green electrons to the grid or to power their operations.