General Electric (NYSE: GE) on Dec. 13 announced more than $660 million in orders for GE Power, including equipment for the gas-fired Riverside power plant expansion project in Wisconsin.
This new business was announced in conjunction with this year’s Power-Gen International conference (PGI) in Orlando. The orders include a new F-class gas turbine project in Wisconsin and continued customer adoption of GE’s Operations Optimization and Asset Performance Management suites of digital solutions.
“We’ve taken our products and services to a brand new level, and our expanded portfolio of power plant solutions and innovative digital capabilities are changing the way power is delivered around the world,” said Joe Mastrangelo, president and CEO of GE Power’s Gas Power Systems. “Today’s announcements continue to drive this transformation and will help deliver more efficient, reliable and flexible power across the energy ecosystem.”
The announcements include more than $450 million in orders from GE’s Power Services business, providing customers with other OEM service capabilities and enhanced upgrades.
This new business includes:
- An order for two GE 7F.05 gas turbines and one GE D600 steam turbine with the EPC responsible for building and commissioning the expansion of Alliant Energy’s (NYSE: LNT) Riverside Energy Center in Beloit, Wisconsin. The project has a generating capability of more than 700 MW. The 7F.05 gas turbine’s superior flexibility makes it a great fit to complement the increase of renewable sources in the region, GE said. GE will also provide a 20-year contractual services agreement for the project.
- A 14-year agreement with Dynegy Inc. (NYSE: DYN) to increase output and efficiency at several plants through hardware and software upgrades, including GE’s Predix based Asset Performance Management (APM) suite.
- A $35 million turbine generator equipment and technical support order for the Grand River Dam Authority’s Grand River Energy Center in Oklahoma. In July, the center suffered a severe lightning strike, which initiated a fire causing catastrophic damage to the 520-MW Unit 2 turbine generator. GE’s Power Services will restore the turbine generator to service using GE’s repair centers around the world, illustrating the company’s global capabilities.
- Multiple Heat Recovery Steam Generator (HRSG) orders with U.S. customers worth more than $20 million. These include unit agreements with Dynegy and Georgia’s Oglethorpe Power for performance upgrades and enhanced analytics.
Also at PGI, GE Oil & Gas launched its latest NovaLT12 gas turbines for cogeneration applications (CHP). The NovaLT12 leverages the success of GE’s NovaLT gas turbines program overall, designed to meet residential, industrial, commercial customers’ needs with a reliable and efficient plug and play solution below 20 MW. With an efficiency of up to 85% in CHP applications, these gas turbines represent an advanced solution to produce heat and power, and they can increase industrial plant efficiency while reducing NOx and CO2 emissions.
GE noted that the energy ecosystem is undergoing unprecedented change and growth with $5 trillion – or 6% of global GDP — spent annually. This figure is expected to grow as electricity demand increases by 50% in 2040. Other key U.S. trends include the growth of distributed energy like solar, the age of gas as it becomes more accessible and decarbonization to reduce emissions while improving efficiency.
GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. GE said this subsidiary is transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software.