Nov 19, 2015

Companies Combine to Form GE Power

Steve Bolze, will serve as president and CEO of the company

Companies Combine to Form GE Power

GE announced that with the completion of its Alstom acquisition, GE Power & Water and Alstom Power have combined to form GE Power. Headquartered in Schenectady, N.Y., Steve Bolze, will serve as president and CEO of GE Power, leading more than 65,000 employees in more than 150 countries with estimated revenue of $30 billion.

By combining GE’s power generation technologies, services and expertise with Alstom Power’s technology and geography, the global utility sector will benefit from this supplier of total power plant and life cycle solutions that can support equipment from multiple suppliers. GE Power provides a diverse portfolio of technologies and suite of services that help make power more affordable, reliable and sustainable.

“We now offer utility and industrial power plant operators even more complete, customized ‘one-stop shop’ solutions—not just for developing new stations but also optimized life cycle support for existing facilities to support local energy security. Our portfolio of technologies include the world’s largest and most efficient gas turbine—the HA, full power plant components, boilers, steam turbines, reciprocating engines and more,” Bolze said. “Being a digital industrial business, we also offer digital and software solutions, specifically our Digital Power Plant, which helps our customers increase output, improve efficiency, lower operating costs, improve integration of renewable energy and reduce unplanned downtime.”

GE Power six businesses and line of leadership:

  • Power Services headquartered in Baden, Switzerland, and led by Paul McElhinney;
  • Gas Power Systems headquartered in Schenectady and led by Joe Mastrangelo;
  • Steam Power Systems headquartered in Baden, Switzerland, and led by Andreas Lusch;
  • Distributed Power headquartered in Jenbach, Austria, and led by Lorraine Bolsinger;
  • GE Hitachi Nuclear Energy headquartered in Wilmington, N.C., and led by Jay Wileman, succeeding Caroline Reda who will now head up Power Services’ North America region; and
  • Water & Process Technologies headquartered in Trevose, Pa., and led by Heiner Markhoff.