GE Renewable Energy: Unleashing Limitless Energy
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Onshore Wind Offshore Wind Hydro GE Renewable Energy: Unleashing Limitless Energy © 2016 General Electric Company. Proprietary. All Rights Reserved. A Digital Industrial Company $117.4B in Revenue, 300,000+ people operating in 180 countries POWER ENERGY RENEWABLE OIL & GAS AVIATION TRANSPORTATION HEALTHCARE APPLIANCES CONNECTIONS ENERGY & LIGHTING $21B $8B $9B $16B $25B $6B $18B $9B 62K 45K 13K 39K 45K 12K 52K 24K EMPLOYEES EMPLOYEES EMPLOYEES EMPLOYEES EMPLOYEES EMPLOYEES EMPLOYEES EMPLOYEES © 2016 General Electric Company. Proprietary. All Rights Reserved. 2 GE’s Energy Activities: from generation to distribution GE RENEWABLE ENERGY ONSHORE WIND HYDRO OFFSHORE WIND CEO: Jérôme Pécresse CEO: Pete McCabe CEO: Yves Rannou CEO: John Lavelle HQ: Paris, France HQ: Schenectady, NY HQ: Paris, France HQ: Nantes, France GE POWER GAS POWER SYSTEMS POWER SERVICES DISTRIBUTED POWER HQ: Schenectady, NY HQ: Schenectady, NY HQ: Baden, Switzerland HQ: West Chester, OH WATER & PROCESS TECHNOLOGIES GE HITACHI NUCLEAR STEAM POWER SYSTEMS HQ: Trevose, PA HQ: Wilmington, NC HQ: Baden, Switzerland GE ENERGY CONNECTIONS GRID SOLUTIONS POWER CONVERSION INDUSTRIAL SOLUTIONS HQ: Atlanta, GA HQ: Paris, France HQ: Paris, France HQ: Atlanta, GA ©© 2016 2016 General General Electric Electric Company.Company. Proprietary. All RightsRights Reserved. Reserved. 3 Nobody should ever have to choose between affordable, reliable, and sustainable energy. 4 GE Renewable Energy ~$9B • >13,000 employees • 40+ countries Jérôme Pécresse, CEO Paris, France Onshore Wind Offshore Wind Hydro Delivering low cost energy Setting the benchmark Collaborating with customers as solutions with differentiated for the marine energies industry the #1 player in the hydropower products & services market Powering our customers with the world’s largest clean energy footprint © 2016 General Electric Company. Proprietary. All Rights Reserved. 5 GE Renewable Energy IMPACT AT SCALE • Global expertise and broadest 125+ renewables offering in the industry years powering the world • Largest renewables installed base >20% • Full project lifecycle provider, including global renewable power capacity financing, services and digital • Leader in hydropower market 370GW installed • Leading the digitization of the wind power industry 30,000+ wind turbines © 2016 General Electric Company. Proprietary. All Rights Reserved. 6 A mainstream source of power generation Global renewable every installations Changing the world … Cumulative (GW) >2,000GW IMPACTFUL 20% of all power generation GLOBAL 72% ’14 generation adds in Europe 815 MAINSTREAM 500 Hydro +98% availability Solar 219 Wind CARBON FREE ’07 ’09 ’11 ‘13’ 14 ’25 164 countries with GHG targets Source: GWEC, Navigant, REN21, Bloomberg, MAKE, IEA Source IEA Annual Report 2012; REN21 2015 report © 2016 General Electric Company. Proprietary. All Rights Reserved. 7 Digital – Delivering customer outcomes Utilizing the power of the industrial internet, GE is making machines perform better tomorrow than today OPTIMIZED ENHANCED IMPROVED MINIMIZED asset & operations business grid management risk performance performance and integration © 2016 General Electric Company. Proprietary. All Rights Reserved. 8 Digital solutions for Renewable Energy Wind Hydro GE Store SOFTWARE SOLUTIONS MAP BUSINESS OPTIMIZATION Energy Day-Ahead Forecasting Bidding OPERATION OPTIMIZATION Wind PowerUp Fleet Plan of the Hydro Set Services Excellence Day ASSET PERFORMANCE Enterprise Diagnostics Prognostics i-CMS SCADA PLATFORM Wind Control Converter & Turbine Cybersecurity Predix Hydro Controls Controls © 2016 General Electric Company. Proprietary. All Rights Reserved. 9 The GE Renewable Energy advantage … a diverse portfolio, backed by the “GE Store” Technology Services Project Financing ü Wind platform ü O&M ü Tax equity ü Hydro power solutions ü Turnkey/EPC capabilities ü Loan vehicles ü Clean energy tech ü Flexible Service Agreements ü Project debt Solving the toughest problems for our customers © 2016 General Electric Company. Proprietary. All Rights Reserved. © 2015 General Electric Company Technology Leadership ONSHORE WIND OFFSHORE WIND HYDRO SOLAR 2.X – 116 Haliade 150-6MW Variable Speed Pumped Concentrated Solar Power Highest capacity factor Direct drive permanent Storage Power with molten salts storage for lower cost of energy magnet generator for For reliable and flexible For flexible, on-demand higher reliability production power generation © 2016 General Electric Company. Proprietary. All Rights Reserved. 11 GE investing in renewable energy ü Navigate permitting, regulations, engineering & power contracts ü Structure a successful transaction ü Fund, build & optimize energy projects ~$10B In cumulative global renewable energy commitments 30+ years ~$25B Financing expertise In volume since 2004 Global Flexible Across 5 continents Unique equity & debt financing structures Energy Financial Services – a builder & a banker, solving our customers toughest challenges with flexible financing solutions to help meet the world’s power needs © 2016 General Electric Company. Proprietary. All Rights Reserved. © 2015 General Electric Company Enhanced by the GE Store POWER Combustion science and services, installed base Driving competitive advantage AVIATION Advanced materials, ENERGY across our businesses manufacturing, CONNECTIONS and engineering Electrification, controls productivity and power conversion • Reducing LCOE technology • Leveraging expertise across the GLOBAL GLOBAL value chain RESEARCH GROWTH CENTER ORG • Addressing new markets HEALTHCARE RENEWABLE Diagnostics ENERGY technology—a first- Sustainable power mover and anchor in SOFTWARE CULTURE & systems and storages growth markets CENTER OF SIMPLIFI- EXCELLENCE CATION OIL & GAS Services and APPLIANCES technology— AND LIGHTING a first-mover in LED is gateway to growth regions energy efficiency TRANS. Engine technology and localization in growth regions © 2016 General Electric Company. Proprietary. All Rights Reserved. 13 GE Global Research • The cornerstone of GE innovation for over a century • Applying expertise against the world’s toughest challenges, building a powerful future • Leading the journey to achieve the lowest cost of energy 8,000 Scientists & 10,700+ >$2B 25 Global engineers dedicated Patents awarded investment in renewables locations to renewables 14 © 2015 General Electric Company Projects highlights Linthal Block Island Ashalim Future America’s first One of the electricity Offshore Wind largest CSP supply for farm projects central and worldwide northeastern Switzerland Wudongde Exelon New 3MW China's fourth- Digital Wind Platform largest Farm Agreement hydroelectric 2MW Platform with UKA facility (once with energy Group for completed) forecasting 250MW in software Germany © 2016 General Electric Company. Proprietary. All Rights Reserved. 15 16 .