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(RE)SOURCE BOOK “I find out what the world needs, then I proceed to invent it.” -Thomas Edison VIDEO PRESENTATION RE(SOURCE) © 2020 General Electric Company. Proprietary. All Rights Reserved - 3 July, 2020 Introduction Glossary Table Of Contents GE Finance 101 Starting Your Journey Chapter I: GE Chapter II: GE Renewable Energy Chapter III: Chapter IV: Chapter V: Industry Trends Growth Strategy Global Presence RE(SOURCE) © 2020 General Electric Company. Proprietary. All Rights Reserved - 3 July, 2020 2 Starting Your Journey Welcome to GE Renewable Energy! With an innovative spirit and an entrepreneurial mindset, we engineer energy products and digital services that create industry-leading value for our customers around the world. We work to solve one of the world’s biggest challenges – to provide world’s biggest economies and its most remote communities with the electricity to power modern life and, at the same time, reduce greenhouse gases. Our technology, our work, is pivotal in meeting that challenge. What we do, matters. Our purpose is to unleash limitless energy so that no one should ever have to choose between affordable, reliable, or sustainable energy. As a newcomer to Renewable Energy, you will hear me talking often about integrity and safety, the foundations on which we earn that trust and respect. I want us all to end each and every day knowing we did business the right way and everyone made it home safely. Since 2015, when GE’s Renewable Energy business was created, we have come a long way in our mission to unleash limitless energy, and helping to bring the world closer to a cleaner energy future. This team has the courage, scale, passion, diversity and resourcefulness to make that happen. I’m glad to have you on the team! Jérôme Pécresse President and CEO, GE Renewable Energy RE(SOURCE) © 2020 General Electric Company. Proprietary. All Rights Reserved - 3 July, 2020 3 Chapter I: GE GE Today Chapters 1 2 3 4 5 Who we are Why we’re here The leading industrial company. To continuously make the world We transform industry by work better. We strive to grow connecting people, data, and despite the volatile, uncertain, machines. Living in perpetual complex and ambiguous world motion, we are sensing, predicting, we live in, guided by the GE and responding to make the world Leadership Behaviors. work better. How we work How we deliver We work to reduce complexity, Financial performance and increase speed, lower cost… customer outcomes: To make the job simpler & • Customer Success more focused on optimizing • Revenue/Growth performance for each of our • Margins businesses. • Cash RE(SOURCE) © 2020 General Electric Company. Proprietary. All Rights Reserved - 3 July, 2020 5 From Light Bulb To Renewables Chapters 1 2 3 4 5 1905–1912 IT ALL BEGAN WITH A LIGHT BULB MAKING HISTORY IN THE HOME AND OVER THE AIR WAVES From Thomas Edison’s first commercially viable light bulb to the first X-ray machine, GE researchers have 1900 1906 1908 GEARLESS ELECTRIC LOCOMOTIVES redefined what’s possible. We were there for the THE GE THE FIRST VOICE RADIO MONOGRAM BROADCAST GE supplies 30 gearless electric locomotives to the first walk on the moon. GE created the first IS BORN The world’s first voice radio New York Central R.R. television broadcast, the first man-made diamond, 1896 The GE Monogram broadcast is made possible by the first jet engine, and the first digital industrial X-RAY MACHINE makes its official Ernst Frederick Werner 1909 THE DUCTILE TUNGSTEN FILAMENT company. GE’s Elihu Thomson builds debut, and is Alexanderson’s high-frequency electrical equipment for the registered for the alternator. Developed by William D. Coolidge, this material is still 1882 production of X-rays. first time. used in light bulbs today. CENTRAL POWER STATION The Edison Electric Illuminating 1900 1912 Company turns electricity into a PREDECESSOR TO GE GLOBAL THE VACUUM TUBE commodity, constructing the RESEARCH Improvements in vacuum tube design first central power station in GE introduces its first laboratory in help make possible modern electronics New York City. Schenectady, NY. and radio broadcasting. 1914 1922 STEINMETZ ELECTRIC CAR EARLY SMART GRID GE IS AN EARLY PIONEER Charles Steinmetz develops an Edith Clarke invented a electric vehicle able to reach a top simple graphical device that IN ELECTRIC speed of 40 miles per hour, powered solved equations involving LOCOMOTIVES by 14 six-volt batteries. electric current, voltage and impedance in power 1878–1904 1921 transmission lines or the first SUPERCHARGER SETS A early smart grid. GE DELIVERS NEW WORLD ALTITUDE POWER AND RECORD LIGHT, THE A new world altitude record of 1913–1924 40,800 ft. is set with a plane FOUNDATION OF 1920 equipped with a GE 1892 EXPANDING 1895 PORTABLE X-RAY MACHINE turbosupercharger, which MODERN LIFE FOUNDATION OF THE WORLD’S LARGEST ELECTRIC HORIZONS, IN THE GE develops a new X-ray enables engines to operate at GENERAL ELECTRIC LOCOMOTIVES machine suitable for dental high altitudes. COMPANY AIR AND AROUND GE puts electricity to work on a and portable use. Edison General Electric and large scale in 96-ton electric THE WORLD THE MAGNETRON Thomson Houston merge to locomotives. This new type of vacuum tube form The General Electric is a key element of World War Company. II radar systems. RE(SOURCE) © 2020 General Electric Company. Proprietary. All Rights Reserved - 3 July, 2020 6 From Light Bulb To Renewables Chapters 1 2 3 4 5 1946–1956 1957–1970 1962 1925–1934 LASER DIODE IMPROVING LIVES WITH TURNING SCIENCE The laser diode is invented, which EXPLORING NEW DIRECTIONS AND NEW MATERIALS AND FICTION INTO SCIENCE enabled the first demonstration of a semiconductor laser. EXPANDING BUSINESS PROCESSES FACT 1927 1932 1957 1963 GE BRINGS TELEVISION A NOBEL FIRST:IRVING NUCLEAR POWER RANDOM ACCESS COMPUTER INTO THE HOME 1930 LANGMUIR Continuing to pioneer in the field of energy DATABASE The first home television CREATING NEW Irving Langmuir becomes the generation, GE opens the world’s first licensed GE’s Charles Bachman create the first reception takes place in MATERIALS first U.S. industrial scientist nuclear power plant. random access database management GE develops moldable to win the Nobel Prize in the Schenectady, NY with a 1949 1955 system, the Integrated Data Store plastic, a critical element field of surface chemistry. 1958 signal from GE’s WGY. THE J 47 MAKING DIAMONDS (IDS). of mass production, and FIRST ELECTRIC DRILL RIG MOTOR GE introduces what will become the world’s GE Research Laboratory forms a new Plastics most-produced jet engine in history, the J 47. announces the 1969 Division. 1959 invention of the first A STEP ON THE MOON MILITARY ENGINES USED ON BUSINESS JETS 1950 reproducible process GE supplies a variety of technologies ELECTRIC CLOTHES GE converts the J85 military engine for business MAINFRAME COMPUTERS for making industrial- for the first landing on the moon, WASHING AT HOME jet use. Arnold Spielberg Jr. designed the GE-225 use diamonds. including engineering support, test GE introduced its first mainframe computer that allowed researchers FIRST HALOGEN LIGHT facilities, and the silicone for Neil electric clothes washers to develop the BASIC programming language. GE invents the first halogen lamp, the industry Armstrong’s boots. for home use. standard for work lights, film and television. 1983 1971 MRI POWERING AIR FORCE ONE GE scientists develop the Signa 1938 GE moves into the civil industry for THE FLUORESCENT LAMP Magnetic Resonance Imaging System, high bypass turbofan engines, which produces images of “soft” GE invents the first making the CF6 the most popular practical low-pressure tissues difficult to image by X-ray engine family for wide-body aircraft, methods. discharge lamp to provide 1941 including Air Force One. white light. ENTERING THE JET AGE GE builds the first U.S. jet engine, CARRY COOL 1939 the I-A, which is used the next year GE introduces the first portable 1935–1945 INVISIBLE GLASS to power America’s first successful 1971–1985 room air-conditioner. Katharine B. Blodgett invents jet aircraft for military use, the Bell SEEING THE WORLD non-reflecting, “invisible” glass, XP-59 Airacomet. CONTINUING TO DIFFERENTLY WITH which becomes the prototype INNOVATE AS NEEDS for coatings used today on NEW INNOVATIONS virtually all camera lenses and GROW MORE COMPLEX optical devices, including prescription eyeglasses. RE(SOURCE) © 2020 General Electric Company. Proprietary. All Rights Reserved - 3 July, 2020 7 From Light Bulb To Renewables Chapters 1 2 3 4 5 1986–2000 2007–2010 2009 2010 LEADING THE WAY AROUND FINDING NEW WAYS ZEEWEED™ 1500 ENERGY SMART® LED THE WORLD AND BEYOND TO SOLVE GLOBAL GE introduces the ZeeWeed™ The Energy Smart® LED CHALLENGES 1500 pressurized ultrafiltration bulb, engineered to 1986 membrane, producing superior replace incandescent 2017 LIGHTING THE STATUE water quality at a cost bulbs, requires 77% less OF LIBERTY comparable to conventional energy and can last for GE COMPLETES 1998 GE provides the products filtration technology. more than 22 years. LIGHTSPEED™ CT and funding to relight this LM WIND POWER SCANNER national treasure. 1999 THE WATT STATION ACQUISITION This scanner is the GE90-115B COMMERCIAL JET The WattStation first to capture GE integrates LM WIND 1992 ENGINE 2007 charges electric vehicles multiple images POWER a leading THE MARS OBSERVER With more than 115,000 lbs. of WORLD’S FIRST 24-CYLINDER 2009 at home or on the road, simultaneously and is independent supplier of GE builds the Mars thrust, the GE90-115B becomes GAS ENGINE VSCAN with an upgradeable six times faster than rotor blades to the wind Observer for NASA, which the world’s most powerful The J624 Jenbacher high-speed Vscan, a handheld, design that allows traditional single-slice industry.
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