Hybrid Solutions

gepower.com/hybrid There’s a way to do it better... “fnd it.

THOMAS EDISON Inventor, businessman and founder of the General Electric Company trends solutions enablers

08 Hybrid Solutions: Defned 20 GE's Hybrid Portfolio 40 GE Store hy·brid/’hī brid/ Noun 12 Hybrid Solutions: Value 22 Building Blocks 42 GE Energy Financial 1. BIOLOGY: the ofspring of two plants or • Battery Energy Storage Services animals of diferent species or varieties, 14 Energy Storage 101 Solutions (BESS) such as a mule. 44 GE Energy Consulting 2. a thing made by combining two diferent 16 Battery Storage 101 • Industrial Internet elements; a mixture. Control System 45 GE Ventures

Adjective 26 Hybrid Systems 1. of mixed character; composed of 46 Ecomagination mixed parts. • Wind Integrated Solar Energy (WiSE*) 48 GE Beliefs Hybrids have been commonplace in • Pumped Storage (PSP) 49 GE’s Commitment the plant and animal kingdoms for • Simple Cycle millennia. Diferent species or varieties of Gas Turbine + Battery organisms have been crossbred because • Combined Cycle they have desirable characteristics not Gas Turbine (CCGT) + found or inconsistently present in the Battery parent individuals or populations. • Gas Engine + Renewables + Battery • Containerized Packages

*Trademark of the General Electric Company trends

tan·ge·lo /'tanj lō/

Noun A bright red-orange hybrid of a tangerine and grapefruit with an unmistakable sweetness countered by a tart aftertaste (courtesy of its grapefruit ancestor). Tangelos are seedless, easy to peel and have a thick skin similar to that of oranges.

6 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 7 trends trends Hybrid solutions: defned Each form of power generation has its pros and cons.

No single form of power generation is optimal in low CAPEX ($/kW). Hydro power often requires instances of power plants which do not align with aspects and overcome the shortcomings of a all situations. Wind and solar are intermittent but dedicating signifcant amounts of land area but is the relative ratings below, it is a good representation specifc generation type, in order to provide power consume no fuel and emit no greenhouse gases. renewable and dispatchable. of industry trends. The full comparison and that is more afordable, reliable and sustainable. Natural gas-fueled generation emits greenhouse underlying basis for the ratings can be found at: Each application is unique, and the hybrid solution The Electric Power Research Institute created gases but it is dispatchable (i.e., has output that http://sites.epri.com/refcard/comparison.html that works best for a specifc situation will depend the chart below to compare the advantages and can be readily controlled between maximum on numerous factors including: existing generation challenges of various forms of power generation Hybrid power plants usually combine multiple rated capacity or decreased to zero) to help assets, transmission and distribution infrastructure, technologies. Although there may be specifc sources of power generation and/or energy storage, balance supply and demand. It also has a relatively market structure, and fuel prices and availability. and a control system to accentuate the positive

ELECTRICITY GENERATION

Choosing ElectricitytechnologiesChoosing Generation Electricity Generation Technologies TechnologiesAdvantage AdvantageChallenge Challenge

Solar Solar Assessment of relative beneft/impactAssessment of relativeCoal beneCoalft/impact w/CCS* NaturalCoal Gas NuclearCoal w/CCS* HydroNatural Gas WindNuclear BiomasssHydro GeothermalWind Biomasss Geothermal Photovoltaic Photovoltaic Construction cost Construction cost New plant construction cost for anNew plant construction cost for an equivalent amount of generating capacityequivalent amount of generating capacity Electricity cost Electricity cost Projected cost to produce electricityProjected cost to produce electricity from a new plant over its lifetime from a new plant over its lifetime Land use Land use Area required to support fuel supplyArea required to support fuel supply and electricity generation and electricity generation Water requirements Water requirements Amount of water required to generateAmount of water required to generate equivalent amount of electricity equivalent amount of electricity

CO2 emissions CO2 emissions

Relative amount of CO2 emissionsRelative amount of CO2 emissions per unit of electricity per unit of electricity Other air emissions Other air emissions Relative amount of air emissions otherRelative amount of air emissions other

than CO2 per unit of electricity than CO2 per unit of electricity Waste products Waste products Presence of other signifcant wastePresence products of other signifcant waste products

Availability Availability Ability to generate electricity whenAbility needed to generate electricity when needed

Flexibility Flexibility Ability to quickly respond to changesAbility in demand to quickly respond to changes in demand

*CCS: Carbon Capture and Storage*CCS: Carbon Capture and Storage

Source: Electric Power Research Institute (EPRI). Any statements, conclusions, summaries or other commentaries expressed herein do not refect the opinions or endorsement of EPRI.

8 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 9 trends trends Hybrid solutions: defned The possible combinations of equipment to make a hybrid power plant are extensive Generation Sources and limited only by the specifc application and imagination of the plant designer. A hybrid power plant can include In its most basic sense, a hybrid power plant is comprised of three main elements: any power generation source, such as simple or combined cycle gas turbine plants, wind, solar photovoltaic or hydro. generation storage shared sources systems controls Hybrid Storage Systems Power Plant Batteries are in most hybrid Electricity generation power plants, sources and/or storage but other forms such as hydro Shared systems with shared pumped storage Controls controls can also be used. The key to successful operation of a hybrid power plant is a control system consisting of hardware and software capable of optimizing the operation of the diferent generation sources in conjunction with the storage system.

10 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 11 trends trends Hybrid solutions: value TYPICAL USE CASES Use Case Typical Hybrid Solutions Typical Outcomes ccording to the International require new ways of thinking • Reducing emissions A Energy Agency, in 2015 the about the electricity system. Grid The California Independent Access to electricity everywhere world added more renewables- operators and system planners System Operator (CAISO) • Increase the availability of electricity to under- based power generation capacity face many challenges including created the “Duck Curve” to served regions or regions with no access Grid Autonomy • Solar PV + BESS Storage + than all other technologies the following: demonstrate the challenges of • Increase grid stability in weak grid locations (Micro/Ofgrid) Reciprocating Engine combined for the frst time • Integration of variable and managing a changing electricity • Reduce fuel costs by displacing some of the fossil ever. In the same year the total distributed generation grid as more renewables are fuel with solar PV global installed renewables • Flat load growth—but faster introduced into a system that • Portable – can be relocated if needs change capacity surpassed installed coal ramps with higher peaks does not have enough fexible capacity. This rapid deployment • Multiple gas turbine starts resources to ensure grid of renewables is an important per day reliability. Hybrid solutions are Baseload generation with renewables step toward meeting the COP21 • Thermal feets dispatched well suited to address these Paris Agreement to limit CO to minimum loads • Reduce or eliminate curtailment by storing excess 2 challenges, and in fact, several emissions. In some locations • Increased need for operating supply for use during periods of low supply gas turbine/battery storage • GT + Wind/PV + Storage • Increase the annual energy production through the existing grid infrastructure spinning reserve hybrid systems have already was not designed to handle this • Weak grid infrastructure • Recips + Wind/PV + Storage complementary supply of wind and solar during been deployed in California. • Wind + Storage diferent times of the day infux of often intermittent, and Dispatchability • Solar + Storage • Reduce system levelized cost of electricity often distributed generation but of Renewables other locations have been able • Wind + Solar + Storage (LCOE) by optimizing the mix of renewables TYPICAL SPRING DAY The duck curve shows steep ramping • Hydro + Solar and thermal supply to accommodate several GWs of Typicalneeds Spring and Day over generation risk renewables without signifcant • Wind Integrated Solar Energy • Increase the predictability and dispatchability 28,000 system change. of renewables to enable frm Power Purchase 26,000 Agreement participation Figure 3: Solar “Firming” This trend toward increasing 24,000 • Improve matching of production and consumption

renewables deployment is 22,000 expected to accelerate over the 2012 coming decades. In its baseline 20,000 (actual) Using existing infrastructure and 18,000 2013 New Policies Scenario the IEA (actual) O&M capabilities Megawatts 2014 16,000 ramp need predicts that by 2040 total global 2015 • GT/CCGT + Storage • Reduced CAPEX by sharing plant electrical 2016 ~13,000 MW generation capacity will increase 14,000 in three hours • Solar PV + BESS storage + evacuation equipment 2018 2017 CAPEX & OPEX by more than 60% to more than 2019 Reciprocating Engine • Reduce O&M costs through shared services 0 12,0004 8 12 16 20 24 2020 Improvement 11,000 GW, and over 45% of this over generation risk • Reduce fuel consumption and CO emissions 10,000 2 total will be renewables capacity. by displacing fossil generation • Reduce system LCOE by optimizing the mix This shift to more renewables 12 a.m. 3 a.m. 6 a.m. 9 a.m. 12 p.m. 3 p.m. 6 p.m. 9 p.m. Figure 1: “Full shift” solar ofset fuel burn of renewables and thermal supply Hour capacityFigure 3: Solar combined “Firming” with the other transformations in the ecosystem Licensed with permission from the California ISO. Any statements, conclusions, summaries or other commentaries expressed herein do not refect the opinions or endorsement of the California ISO. Storing energy to reduce stress on the grid and reduce the need for new T&D • GT/CCGT + Storage • Reduce T&D CAPEX by shifting generation A hybrid PV plus battery storage hybrid power curtailment of the solar energy. Figure 2 is an • Wind + Storage to meet peak loads plant stores energy generated by the PV portion example of partial shifting approximately 30% • Solar + Storage Output (KW) • Increase T&D expected lifecycle because and selectively discharges the stored energy. of the solar energy to a peak demand period T&D Deferral • Wind + Solar + Storage of lower peak utilization In Figure 1 below, the system is storing0 100%4 8 12 later16 in the20 day.24 In a solar frming application • Hydro + Solar • Enable more distributed energy resources 0of the4 solar 8energy12 and16 shifting20 it (discharging)24 (Figure 3), the intent is to maintain a steady plant • Solar PV + BESS Storage + in the system later in the day in order to completely avoid output at the grid point of interconnection. Reciprocating Engine • Reduce peak demand charges by smoothing the demand profle and avoiding load shedding Figure 1: “Full shift” solar ofset fuel burn Figure 2: “Partial shift” solar to peak Figure 3: Solar “Firming” Solar generation being stored Battery • GT/CCGT + Storage Increasing revenue opportunities discharge Peak Shaving, • Wind + Storage • Increase revenue through improved ability Ramping, • Solar + Storage to arbitrage wholesale power prices Time Shifting • Wind + Solar + Storage • Increase revenue through increased participation • Hydro + Solar in multiple ancillary services markets Output (KW)

0 4 8 12 16 20 24 0 4 8 12 16 20 24 0 4 8 12 16 20 24

12 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 13 Figure 1: “Full shift” solar ofset fuel burn Figure 2: “Partial shift” solar to peak Output (KW)

0 4 8 12 16 20 24 0 4 8 12 16 20 24

Figure 2: “Partial shift” solar to peak

0 4 8 12 16 20 24 trends trends

he most prevalent form of Other forms of energy storage In its New Energy Outlook 2017, T energy storage today, in in use today include batteries, Bloomberg New Energy Finance terms of installed capacity, is capacitors, molten salt and estimates that the cost of Li-ion pumped hydro storage. This form other thermal storage systems, battery packs has fallen from of storage has its origin in the fywheels, compressed air energy $1,000/kWh in 2010 to $273/kWh frst dams that were put across storage systems, and others. in 2016. They forecast Li-ion streams in order to provide These have been deployed with battery pack costs will fall to steady and reliable power for a varying success around the approximately $73/kWh by 2030 water wheel or similar device. world. The primary drawback to due to several factors including: In a pumped hydro storage most of these storage systems technology improvements, facility, water is pumped uphill has been cost, but today Li-ion manufacturing scale, and market into a reservoir when excess batteries and pumped storage competition among suppliers. It generating capacity is available represent the most commercially is this exponential reduction in (and electricity prices are low), feasible forms of storage. costs that have opened up new and then allowed to fow downhill opportunities for battery energy through turbines when demand storage systems at scale. is higher (and electricity prices are higher). The round trip efciency of this type of system LITHIUM-ION BATTERY PRICE FORECAST is approximately 80%. There are 1,000 more than 160 GW of pumped storage installed globally today, 800 and the frst is believed to be a 600 1 MW facility built at Schafausen,

Switzerland. The largest currently ($/kWh) 400 in operation is a 3 GW facility in Bath County, Virginia, USA. 200 0 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 Year Source: Bloomberg New Energy Finance

TYPICAL GRID-SCALE STORAGE APPLICATIONS

Storage Discharge Typical Storage Technology Application(s) Type Time Capacity

Li-Ion Battery Energy Grid Ancillary 500 kWh – 40 MWh Storage System (BESS) Services Seconds Energy storage Short- to term Li-Ion BESS with AC BUS minutes Of-Grid/ connected for load ramping 500 kWh – 2.5 MWh Weak Grid or grid stabilization

Minutes Li-Ion BESS modular Renewables integration, Short- to enclosures or grid balancing services, 500 kWh – 50+ MWh term hours purpose-built buildings Of-Grid/Weak-Grid Renewables integration, grid balancing services, Li-Ion BESS modular 500 kWh – Of-Grid/Weak-Grid, enclosures 1,200+ MWh energy shifting, Hours Mid- peak management to term days Renewables integration, grid balancing services, Fixed and variable speed Of-Grid/Weak-Grid, up to 6 GWh/d pumped hydro storage energy shifting, peak management

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In a power confguration the batteries are used to inject a large amount of power Bathtub analogy: Several drains for into the grid in a relatively short period of RAPID CHARGE/ DISCHARGE time. There is a high inverter to battery ratio required to accomplish this. A typical Batteries application would be to simulate a turbine ramp up for frequency regulation, spinning Inverters reserve or black start capability.

High Inverter/Battery Ratio Fast discharge Inverters C rate of MW/MW-hr > 1 Batteries Low cost/MW Requires more space than an energy confguration Typical applications include spinning reserve, black start, fast start

VS.

WORLD’S FIRST BATTERY ENERGY STORAGE systems are energy CONFIGURATION typically confgured in one of two ways, a battery power confguration or an energy confguration, In an energy confguration the batteries depending on their intended application. This is are used to inject a steady amount of power Bathtub analogy: Single drain for The oldest electricity storage device is accomplished by adjusting the ratio of inverters into the grid for an extended period of SLOWER CHARGE/ DISCHARGE believed to date from approximately 200 to batteries in the system. time. This application has a low inverter to BC. It was discovered near Baghdad, Iraq, battery ratio and would typically be used and is located at the Iraq National Museum. A simple way to envision this is to imagine a for addressing issues such as the California Batteries Experiments have shown that this clay pot, bathtub; the volume of water in the bathtub “Duck Curve” in which power demand Inverter ftted with a copper electrode and flled with would represent the batteries and the drain(s) changes are occurring over a period as long vinegar or a similar acid, could generate in the tub would represent the inverter(s). For a as several hours, or shifting curtailed PV between 1.5 and 2 volts. The purpose of this fxed level in the bathtub, several drain lines can production to a later time of the day. be incorporated, resulting in a rapid discharge (a battery remains a mystery. power confguration), or a single drain line can be incorporated resulting in a slower discharge (an In the late 18th and early 19th centuries, Low Inverter/ Battery Ratio Inverter electrical pioneer Alessandro Conte di Volta energy confguration). In each case, the system has the same amount of water (stored energy in the Slow discharge investigated the efects obtained when Batteries battery), but the discharge rate is varied. diferent metals are placed in certain salt C rate of MW/MW-hr < 1 solutions. In 1800 he designed a device that Low cost/MW-hr had alternating discs of zinc and copper Requires less space than a power separated by cardboard with a brine solution Megawatts confguration as the electrolyte. His experiments are = C Typical applications include the foundation for current battery energy rate Megawatt–hours “Duck Curve,” power makeup, energy storage systems. shifting, curtailed energy capture Battery Discharge Capability

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lab·ra·doo·dle /'labr doodl/ Noun Labradoodles are a hybrid mix of the Labrador Retriever and Poodle, bred to combine the outgoing, happy personality of the Labrador with the non-shedding coat of a Poodle.

18 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 19 solutions solutions GE’s hybrid portfolio Solar Wind Of Grid Electrifcation Hydro

Designed to OUR HYBRID PORTFOLIO INCLUDES: Building Blocks Containerized package Hydro + PV be scalable, WiSE of PV + BESS + Recip, Solar + BESS Pumped Storage Battery Energy Storage Solutions (BESS) Wind + BESS from 15kW to 1MW customizable Solar + Diesel + BESS For commercial and Intermittent wind Industrial Internet Control System Wind + Diesel + BESS and fexible SOLUTIONS industrial applications or PV & PSP Wind Turbines, Hydro Turbines, Gas Turbines, Steam Turbines, to deliver a Reciprocating Engines, Solar PV • Storage integration • Lower O&M costs • Quick installation • Flexibility for balancing for dispatchable solar • Higher AEP • Remote monitoring baseload generation wide range • Bulk, long term • Lower CAPEX with and control • Cost competitive storage possible sharing of existing • Easy scalability large-scale energy • Enhanced infrastructure • Lower operating costs storage systems of Electricity Hybrid Systems capacity factor — Substation than diesel • More predictable than wind Value Network • Well suited for — Switchgear • Time shifting Wind Integrated Solar Energy (WiSE) high solar resource — Access to road • Enhanced frequency countries and land response (EVN) solutions Hydro Pumped Storage — Grid Connection • Participation in Frequency Regulation Market GE has more Simple Cycle Gas Turbine + Battery VALUE PROPOSITION than 125 years Combined Cycle Gas Turbine + Battery of integrating the Packaged Battery Energy Gas Engine + Renewables + Battery Recips, SCGT or CCGT+BESS BESS Upgrades to Existing GTs latest innovations in Storage System electricity generation Containerized Packages and delivery. Approximately one-third of the HOW IS GE DIFFERENTIATED? Hybrid oferings for all Residential, C&I, utility Upgrades to existing GTs electricity generated GE provides wing-to-wing • Wind, hydro and solar GT/CCGT and gas engines scale applications hybrid solutions from forecasting via digital wind,

in the world uses upgrading and improving the digital hydro and digital SOLUTIONS capabilities of an existing solar farms • 30% less CAPEX vs. • 30% less CAPEX vs. • Instantaneous power GE equipment. GE’s facility, to incorporating • Hardware and software standalone battery standalone battery • Zero emissions hybrid capabilities into a hybrid portfolio solutions • Enhanced ancillary services • Enhanced ancillary services • Participation in frequency new generation facility or — Higher primary frequency — Higher primary frequency regulation market can be customized transmission and distribution • Turnkey construction response response • IQ Intelligent DC network network. Depending on the • Operations and — Spinning reserve without — Spinning reserve without — Future growth and optionality and scaled for specifc needs of a customer, maintenance fuel burn fuel burn — Higher system resiliency GE can ofer: specifc customer • Remote monitoring and • Instant power to grid • Instant power to grid — Fast charging capability • Plant and grid feasibility diagnostics via Predix* — Faster CC startup • Higher peak plant output without electric system or system needs. studies • System integrated, — Compensate for ST during upgrades • Financing solutions predictive operation startup • Dispatchable solar and wind

using Predix VALUE PROPOSITION • Plant and equipment design • Higher peak plant output • Modular, scalable platform • Edge enabled

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BUILDING BLOCKS CASE STUDIES

The Imperial Irrigation overall system efciency. Additional essential District’s (IID) 30 MW/ grid services provided by the GE supplied BESS Battery Energy Storage 20 MWh Battery Energy are solar following, Automatic Generation Storage System (BESS) Control (AGC), Area Control Error (ACE) control began commercial operational in October of mode, frequency response and black start Solutions (BESS) 2016. The BESS was immediately impactful functionality. The IID BESS black start in the operation of the IID grid by reducing functionality is a frst for North America the Balancing Area Contol Error Limits (BAAL) and provides IID critical system restoration excursions by 83% and eliminating BAAL capability. This functionality included excursions greater than 20 MW compared to electrifying part of the IID 92KV grid and back GE’S MODULAR SOLUTION: GE understands that the power the three months before and after operation feeding the generator step-up providing all the and energy needs of customers are vastly diferent. Our energy began. The IID BESS provides 60 MW of auxiliary power loads required to start the 44 storage solutions can be tailored to your operational needs: bi-directional fast fexible regulation and 30 MW gas turbine. The gas turbine was started and MW of spinning reserve capability enabling synchronized to the BESS. The BESS immediately enabling efcient and cost-efective storage, distribution and IID operators to shut down gas fred generation became a dynamic system load enabling the utilization of energy where it’s needed and when it’s needed. operating at minimum power. This enables an gas turbine to maintain its correct voltage and Built with GE’s superior design and technology, our energy optimized system dispatch which increases frequency as additional load was added. storage technology delivers high performance in the most demanding applications.

SUBSTATION more energy

high power confguration for ancillary services

longer duration Hybrid Facility at GE’s Power Electronics Factory in Berlin. In reaction to confgurations for Germany’s energy transition roadmap, GE initiated a smart and fully integrated more power power more peak management hybrid power plant consisting of a reciprocating engine, solar PV, battery and energy shifting storage, and a control system on the site of GE’s Power Electronics factory in

Berlin. The rating of the system is designed to best ft the economic benefts of the site. While still maintaining grid code compliance at all times, this hybrid solution led to a reduction in operating costs of the local factory and all of the power electronics for the system were manufactured on site.

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BUILDING BLOCKS Industrial Internet Control Digital Solutions

THE DIGITAL JOURNEY BEGINS WITH THE System (IICS) CREATION OF AN INTEGRATED PLANT SYSTEM MODEL THAT INCORPORATES THE THE HARDWARE AND SOFTWARE THAT FORM THE IICS IN A 3D ARRANGEMENT WITH ITS DIGITAL TWIN, HYBRID POWER PLANT IS SOMETIMES REFERRED TO AS THE a collection of physics-based methods and advanced “SECRET SAUCE” OF THE SYSTEM. IT ENABLES THE INDIVIDUAL FLEXIBILITY CAPACITY analytics that model the present state of assets in a COMPONENTS IN THE SYSTEM TO OPERATE EFFECTIVELY • Startup path options • Boost output virtual view of the power plant. • Fast load following • Manage trades TOGETHER AND INTERFACE SEAMLESSLY WITH THE GRID. These system-level models utilize both physics-based domain knowledge as well as terabytes of operational GE’s hybrid plant control solution is an integrated plant controller built and test data to simulate asset-level and plant-level on the IICS—a secure, scalable, and distributed control architecture with performance, cost, emissions, and life. GE’s machine- a user experience that reduces costs and increases operator efciency. learning algorithms will evolve the Digital Twin throughout The IICS is designed to leverage the power of the Industrial Internet using the plant’s life cycle and build “what if” scenarios to help GE’s Predix platform that spans from the sensors at the edge to the cloud improve plant design, construction and operation. Once to create an ecosystem of connected local plant controls, supervisory RELIABILITY AVAILABILITY constructed, derivatives of this Digital Twin are core to optimization applications, and centralized business applications. Enhanced grid Performance the software solutions (apps) that control and optimize services recovery odometers operational outcomes such as fexibility, capacity, efciency, availability, and emissions. Integration Advantage of an OEM

Asset Asset Plant Plant & GE’S INTEGRATED PLANT CONTROLS Monitoring Control Control & Fleet SOLUTION IS MORE THAN A Cyber Digital Optimization Optimization Security Plant SUPPLY OF CONTROL SYSTEM real time real time real and near seconds to HARDWARE AND SOFTWARE. real time minutes It includes the OEM and System Integrated Integration value-added engineering Predix Apps Advanced to bring consistency and harmonization Plant & Cloud Control Control SMART UNIT CONTROL of controls for a common look and Interface Apps DEVICES CONTROLLER SERVER CLOUD feel and operating experience across System the plant equipment and systems. The GE Integrated plant control solution provides benefts to the end user for operations and maintenance; benefts to User Experience Seamless the EPC for engineering time and quality; across GT, ST, Controls while enabling design, installation and BOP Integration commissioning cycle advantages.

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RENEWABLE SYSTEMS Wind Integrated Solar Energy

THE CHALLENGE BENEFITS In a “Wind Integrated Solar Energy” solution • Lower CAPEX/MWh (WiSE) owners integrate wind and solar at • Lower OPEX/MWh the wind turbine level instead of farm-level rather than running a wind and solar plant • Higher and more stable AEP. By adding up to 650 kW independently. Integrating at the wind turbine of Solar PV panels to a 2 MW GE Wind Turbine, one level leverages the existing wind converter as can achieve an additional 8–9% AEP and 3–4% CF a hybrid converter to source AC and DC power (Capacity Factor). together, eliminating the need for a separate • Improved LCOE on hybrid farm solar inverter. With the integration at the • Comprehensive service from GE for both turbine level one can also leverage the existing wind and solar systems electrical connection infrastructure and Balance of Plant equipment which reduces the overall • Increases AEP and CF without the need to CAPEX per MW output. In addition, combining increase a farm’s interconnect or evacuation limit complementary wind production and solar production enables a more stable and higher Solar and wind are more CASE STUDY annual energy production (AEP) while leveraging predictable together than one common Operations & Maintenance provider. Red Lake Falls, Minnesota, United States The GE WiSE solution comes with a Hybrid Two 2.3-116 wind turbines they are on their own Control & SCADA architecture which manages and controls both the wind and solar energy. 1 MW solar Source segregation with separate metering WiSE technology platform enables individual Power Purchase Agreements.

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RENEWABLE SYSTEMS Hydro Pumped to integrate intermittent renewable energy into the power grid

DESCRIPTION For even more fexibility, black start capability and pumped storage plants can be large-scale energy storage. The Intermittent renewable equipped with variable speed high inertia of rotating machines resources including solar and technology which enables the can also stabilize the grid in case wind generation are often plant to provide power regulation of disturbances, which infuences not aligned with demand. capabilities in generation and grid frequency. Hydro’s storage capabilities, pumping modes. Traditional specifcally pumped storage, fxed speed pumped storage can BENEFITS can help to match solar and only provide power regulation wind generation with demand. in generation mode. GE is a • PSP can provide a wide range world leader in pumped storage of ancillary services needed Pumped storage plants store plant equipment and supplies for system operability in the energy using a system of two in-house capabilities not only future low-carbon world, with interconnected reservoirs with for turbines and generators but capabilities similar to or in one at a higher elevation than the also the full electrical balance of some cases better than thermal other. Water is pumped to the plant including power converters, generation and other energy upper reservoir in times of surplus transformers HV switchgear and storage technologies energy and, in times of excess circuit meters. demand, water from the upper • PSP is the most economical storage technology for long reservoir is released, generating Pumped storage can deliver discharge periods today electricity as the water passes ancillary services to improve through reversible Francis grid stability by providing grid • PSP enables access to turbines on its way to the lower frequency support in both incremental revenue streams reservoir. The process is then directions, reactive power through participation in local repeated with an overall cycle compensation, voltage support, ancillary services markets efciency of 80%. CASE STUDY 01 CASE STUDY 02

Gaildorf, Germany Gilboa, Israel Four 3.4–137 wind turbines with integrated Two GE 150 MW Pump water reservoirs; at base Turbines for Pumped 16 MW capacity pump Storage storage GE in charge of O&M Cooperation with Max for 20 years Boegl for towers and Israel’s frst EPC capabilities Pumped Storage Intermittent wind and plant; expected PSP as reliable baseload commissioning 2018 power source

Limmern pumped storage plant (Linthal, Switzerland).

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CASE STUDY

Southern California Edison (SCE) installed the world’s frst battery storage and gas turbine hybrid system. The LM6000 Hybrid EGT was installed at two sites in California in response to the state’s changing regulations and grid requirements and will ultimately support increasing renewable energy capacity on the grid. The system has been operational since early 2017. THERMAL SYSTEMS AWARDS FROM Simple Cycle Gas Turbine BATTERY Hybrid Gas Turbine

GE’s new LM6000 Hybrid DESCRIPTION This also enables high speed FEATURES BENEFITS • +10MW peaking power EGT product fts well regulation, primary frequency • Self-managed BESS state with SCE’s objective of Battery storage systems can be response, and voltage support Representative values for the Attributes without Fuel Burn providing cost–efective, integrated with existing or new LM6000 Hybrid are shown below. • Instant response, always of charge with the combined response innovative“ solutions simple cycle gas turbine power Actual attributes are dependent ready technology GE gas turbines are of the gas turbine and battery that enhance grid plants. Simple cycle installations storage system. Finally, the on the gas turbine platform and integrated with packaged • 50 MW of operating reserve reliability, fexibility, and focus on enhancing the peaking solution can be used to enhance site specifc requirements. storage solutions and a • Primary frequency response and grid-following attributes peaking megawatts (MW) with the proprietary control system. fast response for our • 10 MW Li Ion Battery that are typical of today’s simple additional capacity of the battery • -8 to +5 MVAR voltage support The control system manages customers. cycle gas turbines. Hybrids ofer gas turbine output, battery and provide black start capability • GE Brilliance Inverters • 134 MW-secs inertia with reduced system operating costs, storage output, and system PHIL HERRINGTON to the site. • OpFlex* Hybrid Upgrade package synchronous condensing creating value for power providers tate of charge to provide the Vice President of and ratepayers. The upgrade These hybrid solutions can • Mark VIe Control System • Black start technology best outcomes from the hybrid Generation, Southern enables contingency (spinning) be applied to aeroderivative • GE Proprietary Hybrid Turbine • Demand charge savings installation at all times. These California Edison reserve without fuel burn between and heavy duty gas turbines Controls systems can be customized to demand events. in many size ranges. Hybrid Attributes with Fuel Burn your site-specifc needs and packages are fully integrated • 50 MW peaking energy for market conditions to maximize and the performance is local contingency the solution’s benefts. backed by GE Power. • 25 MW of high speed Photo provided by Southern California Edison frequency regulation 30 / HYBRID SOLUTIONS / www.gepower.com/hybrid *Trademark of the General Electric Company www.gepower.com/hybrid / HYBRID SOLUTIONS / 31 solutions

Typical confguration of a 2x6F.01 plus battery conceptual design

CASE STUDY

In a 2x6F.01 installation with a 55 MW/18 MWh battery, GE's hybrid solution can provide full combined cycle output (162 MW) within 13 minutes of engine start. A standard 2x6F.01 without battery storage would take more than twice as long to achieve full combined cycle output.

In a Primary Frequency Response application, a 9F.03 CCGT with a 9 MW/2.5 MWh battery can provide the same capabilities as an appropriately sized standalone battery solution… at a 30% lower capital cost.

DESCRIPTION enables GE to deliver the right • Additional peak capacity during solution to help maximize the periods of high energy demand/ Coupling battery storage with value of your installation. high pricing THERMAL SYSTEMS a GE combined cycle power plant ofers users the benefts BENEFITS Most customers will be able of the latest advances in storage to recognize multiple benefts, technology, while maintaining There are several opportunities further enhancing the value. the reliability expected from a for a battery storage solution manufacturer with more than 60 to add value to a combined The advantage of our single-OEM years of gas turbine experience. cycle power plant: ofering is that GE will work with CCGT BATTERY you to design a solution that • Faster combined cycle startup GE’s hybrid battery storage • Simple cycle fexibility with meets your specifc needs, while Improving Combined Cycle solution can be added to existing combined cycle efciency ensuring that all the components Flexibility and Utilization combined cycle plants, integrated • Lower CAPEX than standalone work together seamlessly. With with new combined cycle plant storage solutions our intimate knowledge of the with Battery Storage installations during construction, • Black start capability without capabilities of the individual or even included as a complete needing a backup diesel genset products, we can optimize the upgrade package to convert • Enhanced grid frequency integration to provide the highest from simple cycle operation regulation performance while minimizing cost. to combined cycle + battery storage. This modular approach 32 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 33 solutions solutions

THE CHALLENGES signifcant benefts that can help GE’s digital solutions powered improve your energy portfolio by Predix enable better power THERMAL/RENEWABLE SYSTEMS To compensate for the volatility and reduce operating costs. generation asset integration and inherent in power supplied real-time interaction with the grid. through renewable resources, Hybrid reciprocating engine you need complementary, systems not only provide the TYPICAL SYSTEM dispatchable power solutions. equivalent of a spinning reserve Your toughest power demands without any fuel burn, but can • 400/490 kWel/kWth gas-fueled require fexible solutions that also enhance peaking megawatts Jenbacher cogeneration unit support intermittent and with the additional battery • 600 kWp solar PV decentralized generation while capacity to let you capture price enhancing grid stability. Finally, spikes. With fast frequency • 100 kW/200 kWh battery gas engines any solution must simultaneously response, voltage support, and storage system help you balance environmental black start capability, Jenbacher • 25 m3 bufer tank (heat) and economic considerations. gas engine hybrid solutions enable excellent renewables • myPlant* Asset Performance Management solution HOW GE CAN HELP integration with a low CO RENEWABLES 2 footprint. Additional advantages • Energy Management System Combining renewable systems include fast startups in less with GE’s fexible Jenbacher* gas than fve minutes, capability for * Trademark of the General Electric engine technology, innovative multiple starts per day, and low Company battery battery solutions, and intelligent minimum power requirements. energy management unlocks

CASE STUDY

Developed in a collaboration between GE, BLS Energieplan, Kofer Energies, and BELECTRIC, the groundbreaking highly integrated hybrid power plant in Berlin, Germany, provides onsite, thermal and electrical energy from photovoltaics and gas-fueled cogeneration. The hybrid station’s features include: • 600 kW solar power plant • 400/490 kWel/kWth gas-fueled Jenbacher cogeneration unit powered by one of GE’s Jenbacher J312 gas engines • Battery storage system capable of storing up to 200 kWh of excess electricity

As a fagship project, the German hybrid power plant in the Marienfelde district of Berlin shows that Combined Heat and Power (CHP), solar power, and battery systems provide exceptional balance over the course of the year. This“ combination enables excellent self-sufciency, supports a reliable power supply and ofers the ability to store surplus energy—and use it efciently, either internally or externally.

GÜNTER NICKEL CEO of Kofer Energies AG

34 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 35 solutions solutions

THERMAL/RENEWABLE SYSTEMS

THE CHALLENGE HOW GE CAN HELP CASE STUDY

Globally, more than 1.2 billion GE’s packaged solution, which Tayabpur, in Bihar, India Containerized people, or 274 million households, includes solar, batteries, a 15 kW microgrid with solar, do not currently have access reciprocating engine, and batteries, and a diesel engine to modern energy such as power electronics, will generate electricity and lighting. Access sustainable and reliable power Providing 24/7 power PACKAGES to afordable modern forms of for of-grid applications, including to a remote village energy is not only a prerequisite village electrifcation, or powering All production data transmitted Integration of Solar PV, Storage and conventional power for economic prosperity, but also remote commercial and industrial in real-time to Predix for analysis for local growth and sustainable applications. It also includes

to provide electricity to rural areas around the world development. According to a connection to Predix, the various sources: industrial internet platform, to remotely monitor and control • More than 2 million premature the system, which enables: global deaths occur annually as a result of indoor air pollution • Remote monitoring and primarily due to fuel used diagnostics that enable for lighting and cooking proactively identifying • 50% of care facilities in issues using GE’s Digital developing countries have no or Twin technology unreliable access to electricity • Operational planning through a variety of analytics, including T R E N D S supply and demand forecasts • Connection with diverse Record deployment of metering technology, enabling intermittent renewable remote connect/disconnect wind and solar PV resources and demand response • Growing demand to replace • Flexible revenue models expensive baseload diesel through supporting multiple fuel generation with green, tarif schedules and integration

CO2 friendly energy with mobile payment systems • Exponential reductions in the cost of batteries for storage B E N E F I T S • Digital solutions that • Cost competitive renewable enable better integration of hybrid technology lowers generation assets and real- traditional diesel operating time interaction with the grid costs by up to 40% • Environmental goals that are • Easy deployment with being implemented by a wider containerized and range of countries, cities, pre-confgured solution communities, and businesses • Allows retroftting existing diesel assets to reduce fuel consumption • Turnkey installation services reduce deployment time and cost

36 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 37 enablers

hy·brid car /’hī brid kär/ Noun A car that uses one or more means of propulsion, typically an internal combustion engine and an electric motor. They use

less fuel and emit less CO2 than most conventional non-hybrid vehicles.

38 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 39 enablers enablers GE Store The GE Store is the global exchange of technology, talent, and expertise across GE’s diverse businesses and markets. GE businesses give and take from the store.

POWER Advanced manufacturing, combustion science, T&D, and installed base services

RENEWABLE BAKER HUGHES ENERGY A GE Company Sustainable Services, technology COST LEADING SOLAR power systems & frst-mover in growth market and storage GE STORE Reducing solar balance of plant cost by 20%

Global scale We are harnessing silicon carbide-based high Technology frequency DC-DC transformer technology and Digital Capital Twin to help optimize plant operation and controls, providing full-scale plant solutions for our customers. Shared services

AVIATION Leadership TRANSPORTATION Advanced materials/ Additive Manufacturing Engine technology & manufacturing & growth market engineering Digital localization productivity D R I V I N G C O M P E T I T I V E ADVANTAGE ACROSS OUR BUSINESSES GE Global Research is at the heart of the GE Store. It’s our role to identify, invent and develop We drive enterprise advantages HEALTHCARE technologies that create better GE businesses and Diagnostics technology that beneft our customers LIGHTING “ultimately redefne the technical benchmarks of & frst-mover through what we call the “GE LED gateway to in growth Store.” It means that every our industries. I call it Technology+…the powerful markets energy efciency business in GE can share and combination of technical expertise and strategic access the same technology, business thinking. markets, structure and intellect. The value of the GE Store is VIC ABATE captured by faster growth—it Senior Vice President & makes the totality of GE more Chief Technology Ofcer competitive than the parts. No GE Global Research other company has the ability to transfer intellect and technology as we can through the GE Store.

40 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 41 enablers enablers GE Energy Financial Services / www.geenergyfinancialservices.com /

A STRATEGIC GE CAPITAL • Diversify across renewable • Leverage global originations BUSINESS, GE ENERGY energy, thermal power and and capital markets capabilities Energy fnance is what we do; FINANCIAL SERVICES IS A midstream oil and gas to lead, arrange and syndicate transactions, providing tax GLOBAL ENERGY INVESTOR • Committed more than $15 equity, project and debt THAT PROVIDES FINANCIAL billion in cumulative global renewable energy investments, fnancing SOLUTIONS THAT HELP MEET primarily in wind and solar THE WORLD'S ENERGY NEEDS. SOLUTIONS • Invest equity and debt in Drawing on its technical power projects that we • Project fnance know-how, fnancial strength or third parties operate. • Corporate fnance and strong risk management, Together, these projects • Acquisition fnance GE Energy Financial Services have a capacity to produce invests in long-lived and ~45 gigawatts of power • Commercial debt and leases capital intensive projects and • Invested in projects with • Senior loan arranging and companies. The frm has 35+ a cumulative 47,000 miles syndication years of experience managing of natural gas pipelines • Monetizations energy assets through multiple in North America economic cycles, and a global • Global capital markets access portfolio that spans conventional • Ofered ~$1.2 billion in and renewable power, and oil debt fnance in 2016 INVESTMENTS IN and gas infrastructure projects. PRODUCTS • Renewable energy GE Energy Financial Services is • Structured and common equity • Thermal power part of the GE Store and is able to • Oil and gas infrastructure provide unique customer value by • Leveraged leases leveraging GE's industrial energy • Asset-backed revolvers heritage and strong technology LOCATIONS footprint to ofer access to capital • Senior secured debt Our hub ofces are located in and expertise. Stamford, New York, Houston CAPABILITIES and London, with 16 regional As a part of GE, we enjoy great • Develop fnancing solutions for locations globally. fnancial strength, but our value hybrid applications, leveraging to clients extends far beyond. GE’s legacy energy structuring We are a small company of expertise in renewables, 300 people, with deep industry thermal and oil and gas expertise, within a large company of 300,000.

AT-A-GLANCE With the strength of GE's 25% balance sheet, we: 30% Thermal ~ > Debt Power • Hold approximately $13 50% $15B 45GW $6B billion in global energy Renewables in cumulative global power invested assets (~70% equity, ~30% 25% renewable energy portfolio in oil and gas debt); 220 investments 70% Equity Oil & Gas commitments infrastructure • Serve approximately 300 customers: energy project developers, independent power producers, energy technology companies as Range of fnancial solutions Across energy markets and well as pipeline companies essential infrastructure

42 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 43 enablers enablers GE Energy Consulting GE Ventures / www.geenergyconsulting.com / / www.geventures.com /

FOR NEARLY A CENTURY, A CORE GROUP OF LEADING Today, GE’s Energy Consulting A CATALYST TO GE’S GOAL OF MAKING THE WORLD WORK GE TECHNICAL AND BUSINESS EXPERTS HAVE FOCUSED team continues this tradition by providing innovative solutions BETTER, AND AN INNOVATION ENGINE WITHIN GE. THEIR ENERGIES ON SOLVING THE ELECTRIC POWER across the entire spectrum of INDUSTRY’S MOST PRESSING CHALLENGES—DRIVING power generation, delivery, GE Ventures fnds the best ideas that emerge from the latest research, invests in promising start-ups, commercializes GE’s IP, and creates its own businesses. The THE EVOLUTION OF ELECTRIC POWER SYSTEMS WITH and utilization. With our cross- company resources, GE’s Energy GE Ventures team includes investors, licensees, entrepreneurs and industry experts. GREATER AFFORDABILITY, RELIABILITY, AND EFFICIENCY Consulting business is able to BY PROVIDING TECHNO-ECONOMIC SOLUTIONS. serve a diverse global client base AT A GLANCE • Industry & Community with a strong local presence. • Invest up to $200 million per Transformation: We help year as equity in early stage foster innovation for major private companies from seed health challenges SYSTEMS ENGINEERS SOLVING CHALLENGES THAT DELIVER CUSTOMER VALUE $200M to growth • New Market Development: We partner with leading POWER SYSTEMS GLOBAL invested • Over 90 companies in the POWER external luminaries to defne OPERATIONS & PLANNING POWER PROJECTS investment portfolio ECONOMICS per year and drive the next wave Services: • Transmission and • Thermal • Power systems strategy • Venture investment sweet of scientifc and technical distribution studies • Renewables, controls • Energy fnancial analytics spot: $3–5 million with breakthroughs • Equipment applications and protection opportunities for follow-ons as companies grow SERVING GE’S PROFITABLE and COMPLIANT and PROJECT Value SUSTAINABLE RELIABLE from concept LIFE-CYCLE • Actively license GE IP to CUSTOMERS Outcome: partners who can use investment strategy to engineered design testing and compliance Operating at the cutting it in innovative ways edge of innovation and new to accelerate their own business formation, GE technology development P S E C P R O G R A M solutions—including renewables, PSLF* Ventures brings the future of and create diferentiated OVERVIEW storage and hybrid systems. • Simulates physical $3–5M industries to our customers This program enhances learning behavior of the grid and oferings The Power System and Energy through the use of the latest connected equipment investment when they need it most— Course (PSEC) is GE’s highly industry software and includes sweet spot right away. We build bridges regarded energy education • Provides voltages and line HOW WE WORK between the disruptive tours of GE’s research centers, fows, system dynamic behavior program. With a 67-year history manufacturing facilities, and • Investing: We invest and companies operating at the and over 1,800 graduates other industry businesses. • Extensively used to study partner with startups to edge of innovation and the worldwide, PSEC is designed 2003 Northeast US blackout accelerate growth and existing ecosystems where to enhance the skills and SOFTWARE PRODUCTS • Mechanism for ensuring that commercialize innovative GE’s domain expertise and knowledge considered essential equipment is properly modeled ideas in strategic areas for GE. physical equipment play a for power system engineers Focused on the planning, major role. As digital integrates and other energy professionals. design, and operation of MARS* • New Business Creation: PSEC courses provide valuable interconnected power systems. We create and build new deeper into industrial, our • Assesses reliability of supply portfolio of 90+ companies insights about industry trends, in meeting energy demand businesses that develop best practices, and the latest MAPS* innovative solutions and across the globe is helping • Evaluates power system • Provides of load 90+ technologies. business models. blaze the trail and accelerate economics and impact expectation (LOLE) and companies the transition. The professional experts at of congestion other reliability indices • Licensing and IP GE Energy Consulting are in our investment • Provides locational prices, • Applied for regional reliability Development: We provide considered to be among the portfolio LOCATIONS unit schedules, line and reserve margin studies our partners with access best practical engineers in the GE Ventures Headquarters fows, emissions • In use at most ISO’s in the US to GE’s vast technologies world, understanding customer are in Silicon Valley with • Used in high wind for them to use in problems, having proven real- * Trademark of the General Electric ofces in Boston, Niskayuna, penetration and standard innovative ways, helping world expertise in a wide range Company. Washington, D.C., Chicago, of technologies—from power market design studies them accelerate their own technology development Houston, Shanghai, and Israel. systems planning and energy • Supports GE’s multi- economics to power markets billion dollar energy and diferentiating them in and emerging generation investment portfolio the marketplace.

44 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 45 enablers enablers Ecomagination / www.ge.com/about-us/ecomagination /

Ecomagination is GE’s business strategy to deliver as convening key stakeholders to take action. The improved economic and environmental outcomes deployment of these solutions at global scale drives GE investment to date in Ecomagination for our customers and in our own operations. As GE signifcant outcomes for our customers and their $20B research and development continues to evolve, so does Ecomagination. We are communities across sectors as diverse as the Power demonstrating how a Digital Industrial company Generation, Transmission & Distribution, Water, uses innovative and intelligent resource-efciency Transportation and Healthcare industries. solutions to help our customers grow and compete. Ecomagination qualifed solutions GE Ecomagination is applying new digital industrial 74 Ecomagination drives global impact by delivering solutions to the world’s most pressing energy and cleaner and more efcient technology solutions, water challenges. But we can’t do it alone. partnerships and new business models—as well reduction in GE’s GHG emissions from 18% the 2011 baseline reduction in GE’s water use GE is partnering with six global, 29% from the 2011 baseline like-minded companies to co-create and commercialize transformative solutions to

these challenges. Our goal is to create a network efect. We want With ground-breaking technology, new to inspire more companies to work together and tackle the world’s greatest resource problems. business models and innovative funding “This is about co-development of solutions that structures, we will lead a new era of industry can be scaled globally. Global water and energy and establish a network of problem solvers. challenges require immediate action and the business community isn’t going to wait. With our collective scale and reach we will have signifcant business and environmental DEB FRODL Global Executive impact and inspire others to take action. Director Ecomagination

46 / HYBRID SOLUTIONS / www.gepower.com/hybrid www.gepower.com/hybrid / HYBRID SOLUTIONS / 47 enablers enablers GE Beliefs GE’s Commitment Helping us work together to change our Delivering solutions to help our customers successfully culture and deliver on simplifcation navigate the energy ecosystem transformation

We are being challenged 1 Customers Determine Our Success GE has been at the forefront of the electricity industry since its to think, act and lead in earliest days—inventing, designing, and deploying the technologies new ways, pushing our that improve the quality of life for billions of people. boundaries to create a GE 2 Stay Lean to Go Fast that is faster, simpler and homas Edison, GE’s founder, As impressive as these statistics are, more customer-focused. built the frst commercial central we will not be satisfed until everyone power plant and associated on the planet has access to afordable, 3 Learn and Adapt to Win To accelerate our journey distribution network at Pearl reliable and sustainable electricity. we must embrace a TStreet in New York City in 1882. Since new way of working that that time, the industry has evolved and The energy industry is undergoing advanced as new fuels, materials and massive transformation on a scale and enables us to: keep pace 4 Empower and Inspire Each Other systems have been used to create and at a pace never experienced before. with change, harness distribute electricity. Every step of the These transformations are occurring complexity, transform our way, GE has contributed its expertise to a varying degree in each part of the world, but one thing is certain, the global culture and deliver results. 5 Deliver Results in an Uncertain World and experience to bring electricity safely and cost efectively to the world. electricity industry will look markedly diferent in the future. GE believes We frmly believe that customers hybrid power plant solutions that determine our success—and we provide combine the best attributes of diferent technology, solutions and services technologies will be an integral part of across the entire electricity value the future energy mix. We are committed chain from the point of generation to to providing our customers the best consumption. We are transforming the solutions to help them be successful electricity value chain by uniting all in this future energy ecosystem. the resources and scale of the world’s Let’s be amazing for our frst Digital Industrial company. customers. Let’s be the best Today, GE’s customers operate in more than 150 countries and our equipment is “team players in the world. responsible for providing approximately Russell Stokes Jérôme Pécresse one-third of the world’s electricity. President & CEO President & CEO JOHN FLANNERY GE Power GE Renewable Energy CEO of GE

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