Boilers, Gas

GE to invest $1.4B in on-site power, new distributed generation business

General Electric (NYSE: GE) has a new distributed generation business venture that combines three product lines—Aeroderivative Gas Turbines, Jenbacher Gas Engines and Waukesha Gas Engines.

GE will invest $1.4 billion over the next four years to help meet the world’s growing demand for on-site power systems that are easier to finance, faster to install and more efficient and reliable for customers.

In other news, GE also announced a number of agreements including:

  • Two memoranda of understanding (MOU) with Clean Power Indonesia (CPI) and PLN for the development and deployment of its integrated biomass gasification power system in Indonesia.
  • Two major Southeast Asia gas engine supply and service agreements with distributed power project developer Navigat Energy Pte Ltd to provide 100 new Jenbacher gas engines that will generate a total of 330-MW in Indonesia and Thailand.
  • An agreement with Malaysian company Green & Smart Sdn Bhd (GNS), to provide a solution for waste-to-power using GNS’ patented technology in anaerobic digestors and GE’s Jenbacher gas engine technology to produce power and supply to the Malaysian electricity grid.
  • GE Oil & Gas and GE’s Distributed Power businesses signed a memorandum of understanding with PLN Enjiniring to develop an integrated virtual pipeline power generation pilot project in remote islands of Indonesia.