Business Forum: Nuclear & Renewable Energy - Suciu

GE EnergyNuclear and Renewable Energy:Building Resources for the FutureJim SuciuPresident, Sales & MarketingGE EnergyDecember 7, 2011Atlanta, GA

Three-speed world continues ...Average global growth for 2012-13 is 4.5% per year Slow growth Moderate growth High flyers 13 countries, $10 T GDP* 114 countries, $43 T GDP 61 countries, $23 T GDP (1.3% avg. GDP growth) (2.7% avg. GDP growth) (7.5% avg. GDP growth) Highlights Central & East • GDP is expected to Canada & West Europe grow about $6.4 trillion 1.6% Europe [CEE] 4.3% USA = 2.7% between 2011 & 2013 • The High flyers will account for ~$3.3 t or Asia and 52% of the increase Pacific • Western Europe is the Africa = 6.7% slowest growing region Latin an will account for 5.6% America about 7% of the increase in global GDP 4.5% Middle East 4.5% Sources: Oxford Economics, September 2011, and GE Energy GSP 2 © 2011 General Electric Company

Energy growth in Saudi ArabiaElectricity demand #22 Peak demand  3X World GDP  7% By 2032 ranking annually Opportunity for energy diversification ... Renewables, Nuclear, Smart Grid Source: GE Energy Marketing; Saudi Electricity Co., 2011 3 © 2011 General Electric Company

Renewables

Future trend … next decadeRenewable energy growth rate outshines all others 2011-2020 growth (%) CAGR (%) Global output Growth in global energy use 375% 46% 300% 30% 4.3% 12% 14% 26% 36% 1.5% 2.6% 3.5% GDP Oil Natural Coal Wind Solar 2011 … $70.0 trillion gas Notes & Sources: 2020 … $102.5 trillion • GDP in constant 2005 $ PPP, Oxford Economics • Oil in barrels per day, FuelCOE base case forecast • Natural Gas in cubic meters, FuelCOE base case forecast • Coal in tonnes of oil equivalent, FuelCOE base case forecast • Wind forecast from internal GE Energy estimate. • Solar forecast from GTM Research 5 • Solar estimates range from 2011 to 2015 © 2011 General Electric Company

Rapid LCOE drop drives solar intomainstream Differentiated $0.5020 19GW large scale solarUnsubsidized18 $0.40 Thin film panelsLCOE 16GW 0.42$/kWh16 Record efficiencies … superior energy capture14 0.3212 Power electronics $0.20 Reliable, 17,000+ running in10 0.22 wind … smarter grid integration 8 $0.11 0.12 Solar power plant 6Industry Scalable 1MW blocks … lowinstalls ITC 4GW 0.02 system cost, faster installation $0.08 Competitive 2 1GW LCOE 0.2GW 0 -0.08 2000 2005 2010 2015Source: GE Marketing, EER, Navigant Consulting & Bloomberg GE bringing differentiated technology and scale to solar 6 © 2011 General Electric Company

GE wind product advancements U.S. homes powered per turbine Wind speed = 7.5 m/s 1.6-100 2011 • Best in class efficiency 700 • “Game changing” capacity factor 55 • 2GW+ dealsGross Capacity Factor (%) (since May „11 launch) 1.6-100 2.75-103 45 1.5-82 • Land constrained solution 2005 1.5-77 • Energy production 30%+ 420 1.5-70 • World‟s largest farms: 35 Oregon: 845MW 4 5 6 7 8 9 Romania: 600MW Energy Output (GWhrs) Differentiated performance … high return business model 7 Source: GE Marketing, U.S. DOE EIA stats © 2011 General Electric Company

World‟s first Integrated RenewablesCombined Cycle power plantMetCap Energy Investments selected GE to design the plant from a total equipment andcontrols perspective. Using breakthrough FlexEfficiency* technology, GE engineers haveseamlessly integrated a next-generation 50 Hz 9FB gas turbine, a steam turbine, a generator,22 MW of GE wind turbines and 50 MW of eSolar concentrated solar thermal tower technology… all integrated by a GE Mark* Vle plant control system. The power plant is expected to reach 69% plant efficiency and power more than 600,000 homes in Karaman, Turkey © 2011 General Electric Company

GE Hitachi NuclearA joint venture between GE and Hitachi, with themajority owned by GE … GE Hitachi Nuclear employsmore than 3,000 of the world‟s foremost nuclearengineers, scientists and technical experts in thefield of nuclear technology• Built the first commercial nuclear reactor in the 1950s• One of the world‟s foremost authority in boiling water reactors• Specializes in new plant construction, servicing existing plants and providing clean energy fuel to customers• September, 2011 unveiled its newest nuclear reactor, the Economically Simple Boiling Water Reactor (ESBWR) … this new technology incorporates Passive Safety Systems allowing the reactor to cool itself with no power or intervention from workers for more than seven days 10 © 2011 General Electric Company

GE Hitachi Nuclear is currently constructingtwo Advanced Boiling Water Reactor units inLungmen, Taiwan.These units, when fully operational, willproduce 1,350 MW each.Representing the largest BWR Generation IIIproject in the world … it will bring much neededelectricity to the grid of this growing nation. 11 11 © 2011 General Electric Company

A foundation for flexibilityThe integration of two infrastructuresInformation infrastructure Electrical infrastructure • Embracing renewables • Managing peak demand • Driving increased efficiencies • Reducing CO2 emissionsElectrical infrastructure 13 © 2011 General Electric Company

GE Energy Manufacturing TechnologyCenter – Dammam, Saudi Arabia

Energy‟s commitment to SaudiContinuing to be the Kingdom‟s energy technology partner of choiceFostering next generation talent and increased job creation• Employing 800 people in the Kingdom and with its newest facility, the GE Energy Manufacturing Technology Center, will support 2,000 jobs, of which 65% will be Saudis• Supporting localized training … recently 29 Saudi Aramco engineers graduated from the first training program hosted by Riyadh refinery and GE Oil & Gas university• Operating six GE technology centers in the Kingdom• Strengthening a four-tier GE-SEC relationship• Partnering with SEC for the first GE-SEC technology summitAdvancing water reuse in Saudi• “Water Reuse Summit” and MOU with Miahona• Supporting Saudi‟s goal for sustainable water supply and wastewater management requirements GE has invested ~$300 million over the last 3 years in the Kingdom 15 © 2011 General Electric Company

Business Forum: Nuclear & Renewable Energy - Suciu

by Patrick Ryan

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