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Global Technology
GE, a century-old high-tech company with over $150 billion in annual revenues, focuses on innovative technologies across multiple sectors including healthcare and energy. The document outlines GE's commitment to addressing global energy challenges through research and development, highlighting advancements in renewable energy and cleaner technologies. It emphasizes a portfolio approach to energy solutions aimed at reducing costs, emissions, and promoting sustainable practices.
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Global Technology
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- 2. 2 GE Company Proprietary GE:More than a century of innovation 114-Year-Old, High-Tech, Growth Company $150 Billion in Annual Revenues Only Company Listed in Dow Jones Index Today That Was in Original List in 1896 315,000+ Employees Worldwide 1892 2006
- 3. 3 GE Company Proprietary Sixbusinesses, each with a number of business units aligned for growth. Commercial Finance Healthcare Infrastructure NBC Universal ConsumerFinance Industrial
- 4. 4 GE Company Proprietary GEGlobal Research: market-focused R&D c. 1900 2006 • First US industrial lab • Began 1900 in Schenectady, NY • Founding principle … improve businesses through technology • One of the world’s most diverse industrial labs Cornerstone of GE’s commitment to technology
- 5. 5 GE Company Proprietary Globalbrains Global Research Center Niskayuna, NY China Technology Center Shanghai, China John Welch Technology Center Bangalore, India Global Research – Europe Munich, Germany QatarInnovation Center • 2,600 research employees • 26,000 GE technologists worldwide • GE technology spend: $5.2B
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- 7. 7 GE Company Proprietary Globalenergy trends and challenges … Population … more electricity demand everywhere Security … heightened concerns Environment … driving today’s and tomorrow’s decisions
- 8. 8 GE Company Proprietary Powergen landscape … next 10 years N. America China Rest of Asia India W. Europe Middle East & Africa Latin America E. Europe & FSU Total capacity additions – GW(2006 – 2015) Nuclear Renewables Hydro Coal Gas/Oil TOTAL 8 21 24 35 59 146 10 YearAvg Annual Cap Adds (GW) Source: GE Energy Forecast
- 9. 9 GE Company Proprietary PowerGeneration Cost of Electricity 0 2 4 6 8 10 12 14 Simple Cycle Gas Turbine Combined Cycle Gas Turbine Conventional Coal Cleaner Coal Nuclear Wind No PTC $10 Gas $8 Gas $6 Gas $4 Gas ¢/kWh CO2 g/kWh: 650 450 1000 900* 0 0 *Near zero with sequestration Market Adopting Portfolio Approach
- 10. 10 GE Company Proprietary Thisenvironment drives technology development • High fuel prices … require higher efficiency • Energy security … requires more diverse solutions • More stringent environmental standards … require lower emissions, increased use of renewables and nuclear
- 11. 11 GE Company Proprietary Portfolioof affordable, reliable & environmentally responsible technologies Energy technology objectives Driving cost of electricity down Efficiency Reliability Emissions EfficientDiverse Nuclear Coal Gas Wind Oil Geothermal Biomass Hydro Solar +
- 12. 12 GE Co mpany Pro prie tary Doubling our research investment Introducing more ecomagination products Reducing greenhouse gas emissions Make customers true partners Keeping the public informed 1 2 3 4 5
- 13. 13 GE Co mpany Pro prie tary Green technology winning in the market Wind Next-gen blades Advanced drive trains Innovative controls '02 ‘06 $200 MM $3B +
- 14. 14 GE Co mpany Pro prie tary Evolution Advanced Cooling System GEVO 12 Engine Reduced fuel consumption AND reduced emissions •Reduces emissions by 40% compared to existing locomotives •Increased fuel efficiency by 3% - Saves 9,000 gallons of fuel per locomotive per year* Common Control Architecture *Assumes average of 300,000 gallons of fuel consumption per year Green technology winning in the market
- 15. GE’s best bets onenergy technologies
- 16. 16 GE Company Proprietary Gasifier Radiant Syngas Cooler Particulate Removal Mercury Removal SulfurRemoval Future CO2 Capture Gas Turbine Electricity Transmission & Distribution Steam Turbine HRSG Cleaner coal • Converts coal to synthesis gas … cleaned prior to burning • Produces useful by-products • Driving down cost and emissions – CAPEX approaching pulverized coal – Criteria emissions approaching natural gas IGCC (Integrated Gasification Combined Cycle)
- 17. 17 GE Company Proprietary Nuclear •Simplified design, increased output, smaller footprint … will reduce CAPEX and OPEX, and shorten construction schedule • Part of the US Department of Energy 2010 Program, design certification submitted to NRC, selected by NuStart, Entergy & Dominion • On plan for 2007 Combined Operation License applications Improved safety & security Modular& passive design Advanced new nuclear… ESBWR
- 18. 18 / GE GlobalResearch • 3% of Electricity Production • Significant Growth … ~25% CAGR (’95 – ’13) • ~40% Global Power Capital Spending Global Renewable Installed Capacity (GWs) Growing Demand forRenewables … World Requiring Renewable Energy Solutions 182 160 Wind 12GW >50% of Growth US … 20 % Wind ‘20 UK … 20% Renewables ‘20 Germany … 20% Renewables ‘15 EU … 12% Renewables ‘10 China … 30 GW Wind ‘20 Spain … 20 GW Wind ‘11 India … 12 GW Wind ‘12 ‘05‘04 Wind Solar Biopower Small Hydro Geothermal Aggressive Global Targets Source: REN21 2006 update
- 19. 19 GE Company Proprietary Renewables… Wind Complete range of products • Arklow demonstration project … 7 x 3.6s • Largest commercial operation 1.5 MWplatform • Full power conversion • Simplified servicing • Larger farms with easier grid integration Future: 2.5/100 MW • Capacity factor leadership • High reliability • Advanced controls Future: 5 - 7 MW • Leading cost of energy • Utilize GE technology strengths • Among the most proven and utilized technology • Over 4,700 units worldwide • 97%+ availability 2.5 MWplatform 3.6 MWoffshore
- 20. 20 GE Company Proprietary Breakthroughtechnology – Nano – Concentrators – Other … Tomorrow Integrated systems Optimize – Reduced material – Increase efficiency – Mfg processes COE 30 ¢/kWh And Beyond COE 18 ¢/kWh Today COE 10 ¢/kWh Renewables … Solar Driving cost down
- 21. 21 GE Co mpany Pro prie tary Longer-termBest Bets Enabling technology to deal with environmental challenges Waste to energy Liquid fuels GE Co m pany Pro prie tary CO2 Capture Hydrogen
- 22. 22 GE Co mpany Pro prie tary Future of Energy Technology • Socio-economic trends demanding technology developments • Government, academia, industry all have a role • No silver bullet – a portfolio approach to technologies
- 23. 23 GE Company Proprietary Greenis green: energy technology that is… Good forourcustomers Good forthe environment Good forourshareholders
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Editor's Notes
- #4 Note: This is one slide that can be used instead of the individual slides for each business. GE’s six businesses are organized to serve customers, be they industries, markets, even countries. Commercial Finance Insurance • Leasing • Real Estate • Corporate Financial Services • Healthcare Financial Services Infrastructure Oil & Gas • Energy • Rail • Aircraft Engines • Water • Energy Financial Services • Aviation Financial Services Industrial Consumer & Industrial • Equipment Services • Plastics • Silicones/Quartz • Security • Sensing • Fanuc • Inspection Technologies Healthcare Diagnostic Imaging • Clinical Systems • Information Technology • Services • Bio Sciences Consumer Finance Europe • Asia • Americas • Australia/New Zealand NBC Universal Network • Stations • Entertainment • Universal • Sports/Olympics
- #8 $17B … The actual number in millions is: 17,347.5
- #9 Jacque Roeth 5/17/06: I double checked all of the pie charts. They were/are correct. For the 10yr totals. it appears that IGCC was counted twice; 1st for Gas/Oil total then again for Coal total. It should only appear in the total for Coal. I corrected the 64 to 59 for Gas/Oil and the Total. I fixed the proportional bubble sizes. Note Source is NOT DOE-EIA but GEE PG Marketing. This should also be on the first slide. DOE-EIA ONLY contributed to installed base numbers on first slide Key Takeaways 146GW … 10 yr growth is 3.2% CAGR China, W. Europe & N. America … 60% of growth US returning to normal growth … 22 GW/yr Rapid growth segments … IGCC 40%, wind 8%, nuclear 6-8% N America, W. Europe, Middle East & Asia account for 78% of all CC/SC GT-based plants 3 Countries make up 50% of future capacity additions (China, USA and India) 19 Countries make up 80% of new capacity additions
- #11 Other challenges will actually be the catalysts for invention and innovation…Three factors have made small output renewable energy attractive: 1.) Volatile fuel prices, that have severely impacted our economy. 2.) Supply constraint. Fossil fuels are becoming more difficult to locate and transport and the greatest deposits of oil and gas are increasingly found in politically unstable regions of the world. The call for energy security and independence are causing countries to look locally to solve their energy needs. 3.) Deteriorating air quality. All around the world and here, in the United States, air quality issues and climate change are impacting our quality of life. We have cities covered in perpetual smog, we have regions of the country experiencing acid rain and restricting Nox and Sox emissions while the federal government is debating legislation on mandatory CO2 emission reductions.
- #12 COE, Emissions, Fuel Availability Are Among the Key Driving Factors in Technology Selection Worlds Supply of Fuel Sources Large Variation in Local Supply & Economics of Transport Categorized by Depleting, Sustainable, Renewable Conversion: Our Challenge Put Fuels to best use w.r.t. Efficiency, Reliability, Emissions, … All Things that our Customers Demand Commonality of customer themes COE – One Overall Measure to Capture these characteristics, looking at the customers Pro-forma & improving their economics through affordable technology & services. Delivery: Services for Conversion Similar Metrics: Affordable, Reliable, EnvironmentallyResponsible
- #17 In the United States, we use approximately 4,000 TWhr (terra watt hours) of electricity … and 51% of that is produced by coal burning power plants Yet during the past 15 years, 92% of new power plant additions have been Natural Gas fired plants, primarily due to Natural Gas being cleaner to burn and more friendly to our environment Today, coal, as a fuel, is 75% less expensive than natural gas and is still the most abundant US fossil fuel available One of our newest technical programs is IGCC … Integrated Gasification in Combined Cycle … otherwise known as our “Clean Coal” initiative In this process, we take coal and turn it into a synthetic gas, using oxygen and a gasifier, then cool the gas in a Radiant Syngas Cooler … then we clean the gas to remove Mercury, Sulpher and other Particulates before burning the gas in a standard GE gas turbine and combined cycle power plant to make electricity The result is a clean burning coal based power plant with emissions equivalent to a Natural Gas fired plant … we currently have 2 customer funded power plant design studies underway, with much interest for more …
- #18 With our new ESBWR product, we are also leading the the way in safe, reliable and clean nuclear power technologies … Large investment in new reactor technology … 200% increase in nuclear core engineering technology Strong participation in NuStart, Dominion and TVA consortia with 50/50 cost-share sub-award contracts with the DOE’s Nuclear 2010 program Customer benefits to ESBWR are: reduced footprint, increased output, decreased systems, valves, components, modular construction, passively safe systems ABWR currently offers 18 reactor years of experience. Only GEN-III reactor operating in the world … 4 in operation, 3 in construction and 4 in planning stages Advanced fuel offers increased energy output per bundle, lower uranium costs, the ability to uprate to 120% … for small capital and operating expense Outage reduction tools … submarine Invader inspection tools and patented 360 work platform reduce outage time by allowing parallel path activities
- #20 If we think of wind as a “fuel”, the cost of this fuel, of course, is free … which explains the terrific demand we have seen for Wind Turbines across the spectrum of wind speeds, turbine size, and on-shore as well as off-shore locations Global demand for Wind turbines is growing at an 18% annual rate … and prices are rising as new technologies are introduced that offer customers more flexibility and reliability GE’s 1.5MW platform now has over 3,300 units in operation worldwide with availability above 97% … our 2.5MW machine is designed for larger wind farms and we’re growing this model into a 3MW range … Finally, our 3.6MW offshore turbines continue to set reliability records for the industry with seven machines operating in the Irish sea at Arklow Recent technology introductions on GE Wind Turbines include “smart” control systems that help the turbine independently adjust the blade angle to the wind speed and direction during operation … something we call “Blade Angle Assymetry” … allowing the turbine to operate in high, gusty winds smoothly and reliably without suddenly tripping off-line Our advanced power electronics have been integrated with the electrical generating system to improve the turbines operability with the transmission and distribution grid
- #21 The earth receives more energy from the sun in just one hour than the world uses in a whole year. Worldwide photovoltaic installations increased by 927 MW in 2004, up from 574 MW installed during the previous year. In 1985, annual solar installation demand was only 21 Megawatts. Solar Energy (photovoltaic) prices have declined on average 4% per annum over the past 15 years. Progressive increase in conversion efficiencies and manufacturing economies of scale are the underlying drivers residential solar energy system typically costs about $8-10 per Watt. Where government incentive programs exist, together with lower prices secured through volume purchases, installed costs as low as $3-4 watt - or some 10-12 cents per kilowatt hour can be achieved. Without incentive programs, solar energy costs (in an average sunny climate) range between 22-40 cents/kWh for very large PV systems. This is truly a distributed generation option… at the point of load. No new T&D required Great at offseting peaks…reducing strain on T&D Competes w/ Retail prices…not wholesale
- #23 And so, for us…the