GE’s Energy Ecosystem Portfolio Energy Ecosystem 08 Electrical Consumption 12 Transmission & Distribution 18 Electricity Generation 32 Refining & Processing (Downstream) 36 Fuel Delivery & Storage (Midstream) 42 Exploration & Production (Upstream) “I find out what Transformations the world needs. 56 Demand Side Efficiency 60 Demand Side Management Then I go ahead 64 Electrification of Things 68 Distributed Generation and try to invent it.” 72 Decarbonization 76 Universal Access 80 Age of Gas Thomas Edison 84 Water-Energy Nexus 88 Digitization of Energy Inventor, businessman and founder of the General Electric Company GE Store 96 GE Beliefs 98 Global Research 102 Financial Solutions 104 Digital Technologies 108 Global Presence 111 Leading Energy into the Future 118 GE's Commitment to Leading GE is a digital industrial company that offers exceptional customer outcomes across the entire energy ecosystem. This puts GE in a unique position to understand the complex interrelationships across the Energy ecosystem, and the implications to our customers of transformations occurring within the ecosystem. The electricity industry is undergoing transformation. Complex interrelationships across the entire energy ecosystem pose challenges to power leaders everywhere. The new age of digital is now providing the means for driving efficiencies, uncovering business opportunities and better serving consumers. GE is uniquely positioned to help our customers navigate and thrive in changing global markets. Digital Thread Electrical Transmission Electricity Refining & Fuel Delivery Exploration & Consumption & Distribution Generation Processing & Storage Production The efficient use of electricity Getting electricity from the Conversion of fuels to (Downstream) (Midstream) (Upstream) at its end point by a device generator terminals to its point of kilowatt-hours at the producing a useful output use at the required conditions generator terminals Conversion of hydrocarbons Delivery of a fuel of the The extraction of natural to useful products desired composition and resources for use in required conditions energy production GE Current and GE Energy GE Power GE Renewable GE Oil & Gas Lighting Connections Energy 4 5 Energy $5T 6% ANNUAL SPEND IN THE OF THE Access to affordable, reliable energy In the second chapter we’ll address nine major transformations that are occurring across the energy ENERGY ECOSYSTEM WORLD'S GDP is critical to sustaining and growing ecosystem. The majority of these transformations are economies and is fundamental to at or near the point of consumption and have rippling quality of life in the modern world. effects upstream. For that reason, we have ordered Transformation Description the flow of this document to start at the point of Demand Side The shift towards decreasing consumer energy consumption driven by Energy powers our factories, provides light to study, electrical consumption and work upstream. 01 Efficiency improved efficiencies of devices and behavioral changes to reduce demand enables access to clean water, heats our homes, transports products and people, refrigerates foods Changes within one segment of the ecosystem Demand Side The shifting of electricity consumption from periods of peak demand, and medicines, and connects us to information in can have dramatic effects upstream and 02 Management often to align with periods of excess supply from renewable resources a digital world. Each year, $5 trillion is spent across downstream. As rooftop solar installations Electrification The shift from fuel-based consumption at the point-of-use towards electrical the entire energy ecosystem globally, from capturing grow, electricity generation occurs closer to the of Things consumption at the point-of-use (e.g., electric vehicles, rail, prime movers) natural resources through their final consumption point of consumption. This reduces the amount of 03 transmission and distribution lines needed to connect by end users. Distributed The shift from central power generation towards generation closer to central plants to end users. The use of a renewable 04 Generation the point of consumption (e.g., rooftop solar, industrial self-generation) Multiple technologies, fuels and industries work energy source reduces the need for central fossil in concert across the energy ecosystem to provide generation, which in turn reduces the amount of fuel Decarbonization The shift towards a reduction in CO2 from power generation through energy in the form and quantity required, with desired that must be transported, refined, and extracted. 05 increased use of lower or non-CO -emitting generation technologies 2 reliability, at the lowest possible cost. The ecosystem Consumers may also start to change their behavior to Universal The shift towards providing greater access to reliable, affordable, can be segmented into exploration and production, align periods of peak consumption with times when Access sustainable electricity for the global population fuel delivery and storage, refining and processing, the sun is shining or the wind is blowing to reduce 06 electricity generation, transmission and distribution, their cost of energy. Age of Gas The shift towards increasing access to and utilization of natural gas driven and electrical consumption. In the first chapter of 07 by increased supply and ability to transport globally at more affordable prices this portfolio we will explore each of these segments, In the third chapter we’ll highlight how GE uses share the breadth of GE’s offerings across each, the full breadth of the corporation to offer its Water-Energy The shift towards decreasing consumption of water for power generation, and highlight a few offerings to illustrate GE’s customers industry-leading technology, talent, 08 Nexus and consumption of power for the extraction, purification, delivery, heating/ capabilities and leadership. financing, digital expertise, and global capabilities cooling, treatment, and disposal of water and wastewater and connections through the GE store. This chapter Digitization The shift towards increasing use of sensors, data, software and analytics The energy ecosystem is undergoing will share insights to the future of energy and how GE 09 of Energy across the energy value chain to increase efficiencies, improve business unprecedented changes driven by advancements is positioned to be your preferred partner for growth. outcomes, and reduce downtime and maintenance in technology, growing concern for the environment, GE’s breadth and continued investment across the changing consumer behavior, new policies, changes in entire energy ecosystem stands out in the industry. fuel availability and pricing, and resource constraints. GE is committed to lead as a digital industrial company and help customers react, adapt and grow as these energy transformations continue. 6 7 GE’S OFFERINGS GE is a digital industrial company where world-class Hardware Software Services hardware technology lighting applications baseline energy auditing meets unprecedented controls Predix platform electric vehicle cyber security installation/ software technology. commissioning charging stations Asset Performance We combined uninterruptible Management (APM) monitoring and analytics GE’s 120+ years power solutions Operations drives Optimization (OO) of experience electrical distribution Business developing cutting Optimization (BO) edge electrical devices with 21st century digital technology, powered by Predix,* to deliver efficient systems to curb your energy Annual savings US cities will realize by 2019 by installing consumption and $17B smart street lights and devices greenhouse gas Electrical footprint. * Trademark of General Consumption Electric Company. 8 9 ELECTRICAL CONSUMPTION FEATURED SOLUTION ELECTRICAL CONSUMPTION FEATURED DIGITAL SOLUTION Energy Consumption Energy Management & Optimization Solution From illuminating your Our cloud-based enterprise solution delivers a single source of truth across commerical or industrial assets, systems and fleets for energy environment with bright and asset management. We offer a energizing LED light, to secure, open and customizable approach, avoiding vendor lock-in and preserving charging your electric the customers’ energy and asset data vehicle fleet, GE has created ownership. Our digital platform allows the products that help power purchase of energy at the best price, and the efficient management of energy-using your life. assets, which allows intelligence on asset performance. This insight can help prioritize repair and replacement decisions and Lumination* Indoor LED Fixtures assure utility bills are error free. The GE Lumination product line brings energy efficiency, long life and ease of installation together in a group of products that can enhance retail, office and Commercial DuraStation* Measurement Controls and Billing and Rating External Inputs hospitality spaces with the benefits of Electric Vehicle Charging Stations and Verification Optimization LED technology. Fixtures are available GE DuraStation is our most versatile Bill Verification Weather for many applications including new line of electric vehicle chargers. It offers Connectivity Controls Cost and Savings Meter Data construction, renovation and retrofits. a broad array of mounting options, user Enterprise/Asset Schedule Management Analysis Tariffs access control and payment methods Inventory Rule and Digitized Costs and As a leader in innovation GE has with the optional WattStation* Connect BillsE Baseline Analytics Optimization