GEdzԹs Grid Solutions formed from GE Digital Energy and Alstom Grid
Published by Angharad Lock,
Digital Assistant Editor
World dzԹ,
Following the acquisition of AlstomdzԹs power and grid businesses, GE Digital Energy and Alstom Grid have combined to form Grid Solutions, a GE and Alstom joint venture. Grid Solutions equips 90% of power utilities worldwide with estimated revenues of approximately US$6.2 Billion.
The partnership further emphasises GEdzԹs commitment to deliver power reliably and efficiently from the point of generation to end power consumers. The new Grid Solutions business aims to:
- Help meet growing energy demands, expected to increase 78% globally by 2040
- Improve grid resiliency and energy efficiency
- Upgrade and digitise aging infrastructure
- Enable renewables and a diversified energy mix
Grid Solutions will be led by Reinaldo Garcia, previously the president and CEO of GE Latin America. Garcia is a 30-year GE veteran who has driven GE growth strategies across Latin America since 2011. Prior to his role in Latin America, Garcia spent several years with GE Healthcare in a number of different positions including president and CEO of GE Healthcare International during which time he lived in Paris for 14 years; he will be based at Grid SolutionsdzԹ global headquarters in Paris.
dzԹWith deep roots in engineering, innovation and technology, the combination of GE and Alstom will provide customers with the widest range of generation-to-transmission solutions and a global geographical presence for a complete portfolio of solutions,dzԹ said Garcia. dzԹIdzԹm honored and excited for this new venture dzԹ not only for the future of our business, but for the value it will bring to our customers.dzԹ
A phone press conference will be held on 12 November at 2pm Central European Time to introduce the new company and leadership. Speakers include: Reinaldo Garcia, President & CEO and Frédéric Lalanne Global Sales & Marketing Leader.
Edited from press release by
Read the article online at: /business-news/09112015/ge-digital-energy-and-alstom-grid-form-ges-grid-solutions-1575/
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