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	<title>GE Archives - International Finance</title>
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	<title>GE Archives - International Finance</title>
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		<title>GE makes significant headway in African renewables</title>
		<link>https://internationalfinance.com/energy/ge-makes-significant-headway-in-african-renewables/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ge-makes-significant-headway-in-african-renewables</link>
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		<dc:creator><![CDATA[International Finance Business Desk]]></dc:creator>
		<pubDate>Wed, 21 Oct 2020 10:07:51 +0000</pubDate>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[grid]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[renewable energy]]></category>
		<category><![CDATA[technology]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=38505</guid>

					<description><![CDATA[<p>The company is even looking for local partners to deliver bespoke solutions using digitalisation for customers on the continent</p>
<p>The post <a href="https://internationalfinance.com/energy/ge-makes-significant-headway-in-african-renewables/">GE makes significant headway in African renewables</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>GE is searching for local partners in renewable energy and healthcare to deliver bespoke solutions using digitalisation for customers in Africa, a media report said. It is also reported that the company has made a successful record in renewable energy partnerships on the continent. </p>
<p>In September, GE said that it plans to stop coal-fired power plants and redirect its focus into renewables projects. In fact, the company had finished work for the 100MW Kipeto wind project in Kenya. The project was in collaboration with British private equity fund Actis and Craftskills Wind Energy International, a sister company of Craftskills East Africa. </p>
<p>The wind project is estimated to have a supply capacity for 40,000 Kenyan households. Kathy Hipple, a financial analyst at Institute for Energy Economics and Financial Analysis, told the media, “GE&#8217;s exit from building new coal-fired power—after decades as a leader in this space—is an acknowledgement that growth in the energy sector will no longer be in coal. The market will ultimately reward GE for exiting new coal builds.&#8221;</p>
<p>The company’s decision to withdraw from coal-powered plants strengthens its energy portfolio in environment, social and governance, media reports said. Last year, it planned to construct two new energy distribution systems in Benin and further develop three substations in Ivory Coast. This move was part of its commitment to reinforce energy efficiency and access in West Africa. </p>
<p>As of last year, Benin was importing nearly 85 percent of its energy from overseas. GE’s involvement in enhancing the system was expected to identify and address grid problems.</p>
<p>The post <a href="https://internationalfinance.com/energy/ge-makes-significant-headway-in-african-renewables/">GE makes significant headway in African renewables</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>MoUs signed during Saudi Arabia’s Crown Prince visit to the US</title>
		<link>https://internationalfinance.com/oil-and-gas/mous-signed-during-saudi-arabias-crown-prince-visit-to-the-us/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=mous-signed-during-saudi-arabias-crown-prince-visit-to-the-us</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Wed, 28 Mar 2018 06:47:08 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Oil & Gas]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[Halliburton]]></category>
		<category><![CDATA[Honeywell]]></category>
		<category><![CDATA[MCDermott International]]></category>
		<category><![CDATA[MoU]]></category>
		<category><![CDATA[Nabors Industries]]></category>
		<category><![CDATA[oil and gas]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[Saudi Arabia Crown Prince]]></category>
		<category><![CDATA[Saudi Aramco]]></category>
		<category><![CDATA[Schlumberger]]></category>
		<category><![CDATA[supply chain]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[Weatherford International]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=16475</guid>

					<description><![CDATA[<p>Saudi Arabia’s Crown Prince’s recent visit to the US has laid emphasis on signing agreements with American companies  in the oil and gas sector </p>
<p>The post <a href="https://internationalfinance.com/oil-and-gas/mous-signed-during-saudi-arabias-crown-prince-visit-to-the-us/">MoUs signed during Saudi Arabia’s Crown Prince visit to the US</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Since the Saudi Arabia-US partnership, the two have signed 13 MoUs valued more than US$54bn in the oil and gas sector. The aim is to create more jobs in the coming years and ensure contribution to the industry. </span></p>
<p><span style="font-weight: 400;">Schlumberger, GE, Halliburton, Honeywell, MCDermott International, Weatherford International and Nabors Industries </span><span style="font-weight: 400;">are some of the US-based companies that signed agreements in the oil and gas sector. Eight MoUs were signed by Saudi Aramco to boost its operations, strengthen the supply chain in the region worth of US$24bn in the next five years and create 30,000 jobs.</span></p>
<p><span style="font-weight: 400;">The company has also signed 4 MoUs in petroleum, marine and logistics services. As part of the visit, several agreements were established by Saudi Arabia companies for other sectors including energy and </span><a href="https://www.internationalfinance.com/in-the-news/technology/economic-relations-saudi-us/"><span style="font-weight: 400;">technology </span></a><span style="font-weight: 400;">sectors as well. </span></p>
<p>The post <a href="https://internationalfinance.com/oil-and-gas/mous-signed-during-saudi-arabias-crown-prince-visit-to-the-us/">MoUs signed during Saudi Arabia’s Crown Prince visit to the US</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>CCO Deirdre Latour to exit General Electric</title>
		<link>https://internationalfinance.com/business-leaders/cco-deirdre-latour-exit-general-electric/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=cco-deirdre-latour-exit-general-electric</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Thu, 15 Feb 2018 12:01:55 +0000</pubDate>
				<category><![CDATA[Business Leaders]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Deirdre Latour]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=15000</guid>

					<description><![CDATA[<p>Linda Boff is appointed as interim head of communications while company conducts search</p>
<p>The post <a href="https://internationalfinance.com/business-leaders/cco-deirdre-latour-exit-general-electric/">CCO Deirdre Latour to exit General Electric</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Deirdre Latour, vice-president, chief communications officer and senior advisor for General Electric to leave company to pursue other opportunities. </span></p>
<p><span style="font-weight: 400;">Latour joined GE in 2004 and held a series of communication roles in GE Corporate before being appointed as CCO in April 2015. Later, she was promoted as Senior Advisor in October 2017. </span></p>
<p><span style="font-weight: 400;">Chairman and CEO of GE, John Flannery said, “Deirdre has been a valuable advisor to me as I began my tenure as CEO and, as I wish her success in the next phase of her career, I’m also grateful for her willingness to assist me through this important transition period and want to thank her for her service to GE.”</span></p>
<p><span style="font-weight: 400;">During her tenure at GE, Latour led the company’s communications at the time of unprecedented change in the company and in the global space. GE’s evolution into a digital industrial company was narrated by a strategic communications program created and executed by Latour and her team. In addition, Latour also led the communications for the CEO succession process and build a stronger global external relations capacity worldwide. </span></p>
<p><span style="font-weight: 400;">“Being a member of the GE team for the past 14 years has been an awesome experience for me that gave me the opportunity to work on fascinating projects with innovative teams all over the world,” Latour said, “The strength of GE is its people and I look forward to watching John and the team’s future successes.  I am excited to pursue new professional challenges and new adventures in life.”</span></p>
<p><span style="font-weight: 400;">GE CMO and CLO Linda Boff has taken over as interim head of communications while the company seeks to find a suitable candidate for Latour’s position. </span></p>
<p>The post <a href="https://internationalfinance.com/business-leaders/cco-deirdre-latour-exit-general-electric/">CCO Deirdre Latour to exit General Electric</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Former GE Executive Ashim Gupta joins UiPath</title>
		<link>https://internationalfinance.com/business-leaders/former-ge-exec-ashim-gupta-joins-uipath/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=former-ge-exec-ashim-gupta-joins-uipath</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Wed, 14 Feb 2018 10:30:47 +0000</pubDate>
				<category><![CDATA[Business Leaders]]></category>
		<category><![CDATA[Ashim Gupta]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[UiPath]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=14948</guid>

					<description><![CDATA[<p>Appointed as chief customer success officer, Gupta brings substantive expertise to help enterprises draw high-level results</p>
<p>The post <a href="https://internationalfinance.com/business-leaders/former-ge-exec-ashim-gupta-joins-uipath/">Former GE Executive Ashim Gupta joins UiPath</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">UiPath, the leading Robotic Process Automation enterprise recently appointed Ashim Gupta as chief customer success officer. Previously served as senior vice-president and chief information and automation officer, GE Finance and Shared Services Group; and chief financial officer, GE Water, Gupta brings significant first-hand experience in enhancing enterprise productivity through automation. </span></p>
<p><span style="font-weight: 400;">At GE, Gupta drastically improved the company’s operational and financial performance through strategic deployment of advanced technologies. </span><span style="font-weight: 400;">He led the scaling of GE’s first robotics platform using UiPath robots—to automate core processes and yield significant improvements in productivity. </span></p>
<p><span style="font-weight: 400;">In addition, Gupta designed and implemented the Finance and Shared Services Group’s first big data platform with advanced analytical, machine learning and artificial intelligence capabilities. The move largely reduced GE’s travel expenses. His expertise in operational and financial performance for businesses coupled with in-depth knowledge has bolstered seamless ERP implementation and automation.</span></p>
<p><span style="font-weight: 400;">UiPath CEO Daniel Dines, said, “Ashim has been a friend and advocate of UiPath for a long time.He shares our vision for how automation can drastically improve business performance, and the results he’s delivered for GE using RPA underscore the viability of that vision. We are extremely confident in his ability to draw on his experiences to provide best-in-class recommendations and service to our clients.”</span></p>
<p><span style="font-weight: 400;">At UiPath, Gupta will oversee a team of experts who will closely work with customers to maximise  adoption, self-sufficiency and business value of their RPA software investments—through proven deployment methodology and strategic change management.</span></p>
<p><span style="font-weight: 400;">Gupta said,  “RPA is a game-changer for business operations and cost productivity. I’ve experienced the value of this software firsthand, and the potential for enterprise automation is only going to increase as the technology advances and matures. UiPath is at the forefront of this monumental change and I could not be more excited to lead our customers through their digital transformation journeys.”</span></p>
<p>The post <a href="https://internationalfinance.com/business-leaders/former-ge-exec-ashim-gupta-joins-uipath/">Former GE Executive Ashim Gupta joins UiPath</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>GE brings Asset Performance Management Software to Alco Bio Fuel for refinery field operations</title>
		<link>https://internationalfinance.com/company/ge-brings-asset-performance-management-software-alco-bio-fuel-refinery-field-operations/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ge-brings-asset-performance-management-software-alco-bio-fuel-refinery-field-operations</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Tue, 19 Dec 2017 14:24:13 +0000</pubDate>
				<category><![CDATA[Company]]></category>
		<category><![CDATA[GE]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=12857</guid>

					<description><![CDATA[<p>Ten-year service contract to monitor and fine-tune performance of the generator</p>
<p>The post <a href="https://internationalfinance.com/company/ge-brings-asset-performance-management-software-alco-bio-fuel-refinery-field-operations/">GE brings Asset Performance Management Software to Alco Bio Fuel for refinery field operations</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>GE Power (NYSE: GE) was selected by Alco Bio Fuel, one of Belgium’s major biorefineries, to deploy its Predix-based Asset Performance Management (APM) solution to future-proof the refinery’s power-generation unit’s refinery field operations. The service contract will last for 10 years, and GE will also be responsible for providing on-site service support.</p>
<p>When an electric rotating machine (ERM), such as the generator in the power-generation unit, fails, the consequence can be significant. Digital transformation is a necessary and inevitable step to improve operational efficiency and reduce risks of power outages.</p>
<p>Traditionally, vibration sensors are used to detect failures in rotating machines, but their ability is limited to detecting mechanical failures only, neglecting common electrical failures. Industry advancements in big data analytics and new software applications such as GE’s Predix-based APM solution, combined with new sensing techniques, have enabled new ways to more effectively monitor and fine-tune the performance of an ERM.</p>
<p>GE’s APM solution, powered by Predix, the application development platform for the Industrial Internet, connects, monitors and provides predictive analytics to the generator inside the plant. When deployed, it will collect data from electric sensors built into the generator asset.</p>
<p>The APM application analyzes streams of data with key intelligence about the health and performance of the generator asset while searching for signs of mechanical or electrical anomalies, which may lead to potential failure or inefficiency. These insights can, in turn, help operators to fine-tune parameters of the generator to improve its performance. More importantly, it will allow operators to solve potential problems before they occur, reducing costly unplanned downtime, mitigating risk and improving productivity. The data-driven operation method will also enable predictive maintenance, which means fixing machines before failures arise, without wasting time servicing them on a fixed schedule, and it will reduce excessive maintenance costs.</p>
<p>“The need for production efficiency has opened up new opportunities to use digital technologies to accelerate field automation and improve plant productivity. Enabling this shift to data-based intelligence to reap additional value should be the focused strategy for companies to sustain their competitiveness. We are pleased to work with Alco Bio Fuel to digitally transform their way of operations,” said <strong>Azeez Mohammed, President &amp; CEO, GE’s Power Conversion business</strong>.</p>
<p>The post <a href="https://internationalfinance.com/company/ge-brings-asset-performance-management-software-alco-bio-fuel-refinery-field-operations/">GE brings Asset Performance Management Software to Alco Bio Fuel for refinery field operations</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Bureau Veritas partners with Avitas Systems to create inspection services driven by advanced analytics</title>
		<link>https://internationalfinance.com/company/bureau-veritas-partners-avitas-systems-create-inspection-services-driven-advanced-analytics/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=bureau-veritas-partners-avitas-systems-create-inspection-services-driven-advanced-analytics</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Tue, 05 Dec 2017 11:48:22 +0000</pubDate>
				<category><![CDATA[Company]]></category>
		<category><![CDATA[Bureau Veritas]]></category>
		<category><![CDATA[GE]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=12377</guid>

					<description><![CDATA[<p>Will transform industrial inspection with predictive analytics, robotics, and AI across industries, focusing short-term on electric power and utilities</p>
<p>The post <a href="https://internationalfinance.com/company/bureau-veritas-partners-avitas-systems-create-inspection-services-driven-advanced-analytics/">Bureau Veritas partners with Avitas Systems to create inspection services driven by advanced analytics</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>Today, Bureau Veritas, a world leader in testing, inspection, and certification services, and Avitas Systems, a GE Venture, announced a strategic alliance to bring to market cross-industry, analytics-based inspection. This partnership will provide enhanced end-to-end inspection services to customers at a global scale.</div>
<div></div>
<div>Through the partnership, Bureau Veritas will advance its independent inspection services with the Avitas Systems cloud-based platform, combining automated data collection and artificial intelligence techniques to bring continuous industrial risk management to a new level for asset owners.</div>
<div></div>
<div>Avitas Systems will provide technologies, including sensors, drones, and other robotics, paired with deep learning-based data analytics to automatically recognize asset defects and deliver results via an online interface with user-accessible data and reporting. New technologies will prevent inspectors from working in high-risk and repetitive working conditions, which will improve overall safety and efficiency.</div>
<div></div>
<div>“We are very excited to partner with Bureau Veritas, especially given its global reach and reputation for industry-leading inspection and certification,”<em> said</em> <strong>Alex Tepper, Founder and Head of Corporate and Business Development at Avitas Systems</strong>. “By combining resources, we will have an unrivaled digital inspection offering.”</div>
<div></div>
<div>Bureau Veritas will provide its deep-rooted, global expertise in industrial assets, notably in visual inspection and non-destructive testing, to create a wide range of integrity assessment models and upgraded services using Avitas Systems technologies.</div>
<div></div>
<div>The joint offering will initially focus on electric power and utility assets, notably renewable energy, and will progressively expand to other industrial assets.</div>
<div></div>
<div>“Digital transformation is a unique opportunity for our customers and business sector to redefine the way asset integrity and performance are managed, while improving the safety of inspectors on the field,” said<strong>Joerg Gmeinbauer, Global Market Lead, Power &amp; Utilities </strong><strong>at Bureau Veritas.</strong> “This next generation of inspection services will revolutionize the way industries monitor their assets, while enabling us to make our core mission of risk reduction and performance improvement a reality in the digitalized world.”</div>
<div></div>
<p>The post <a href="https://internationalfinance.com/company/bureau-veritas-partners-avitas-systems-create-inspection-services-driven-advanced-analytics/">Bureau Veritas partners with Avitas Systems to create inspection services driven by advanced analytics</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>GE Renewable Energy scores Serbian date for 105 MW</title>
		<link>https://internationalfinance.com/company/ge-renewable-energy-scores-serbian-date-105-mw/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ge-renewable-energy-scores-serbian-date-105-mw</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Wed, 29 Nov 2017 12:45:30 +0000</pubDate>
				<category><![CDATA[Company]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[GE Renewable Energy]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=12194</guid>

					<description><![CDATA[<p>Will produce enough electricity to power the equivalent of 65,000 homes</p>
<p>The post <a href="https://internationalfinance.com/company/ge-renewable-energy-scores-serbian-date-105-mw/">GE Renewable Energy scores Serbian date for 105 MW</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>GE Renewable Energy announced today an agreement to provide 38 turbines for the Blacksmith &#8216;Kovačica&#8217; wind farm. The 105MW wind site is set to be built in the Vojvodina region North East of Serbia and will be operated by Enlight Renewable Energy.</p>
<p>GE Renewable Energy will provide 38 of its 2.75-120 wind turbine with 110m hub heights, a product ideally suited for the medium wind conditions of the Serbian great plains. A 15-year Full Service Agreement is also part of the agreement between GE Renewable Energy and Enlight Renewable Energy. Once fully commissioned in 2019, Blacksmith &#8220;Kovačica&#8221; will become Serbia&#8217;s third largest wind site.</p>
<p>Pete McCabe, President &amp; CEO of GE&#8217;s Onshore Wind Business said &#8220;GE Renewable Energy is determined to help countries reach their renewable energy goals. The Blacksmith wind project represents one fifth of the country&#8217;s wind capacity targets for 2020 and we are very excited to be part of it.&#8221;</p>
<p>Gilad Yavetz, Enlight&#8217;s CEO said: &#8220;This is a significant milestone for Enlight, which reflects our core competencies in the setup of project of a national scale. The Serbia project will provide the entire power consumption for the equivalent of 65,000 households, in addition to creating jobs and boosting Serbia&#8217;s economic growth. We are proud of the vote of trust expressed by the support extended to us from GE and Europe&#8217;s leading banks. Enlight has extensive and successful experience in working with GE in projects across Europe. We are pleased to collaborate again with the segment leader in this important project too.&#8221;</p>
<p>Wind turbines for the site will be produced in Europe in GE&#8217;s Salzbergen, Germany wind facility with blades manufactured by LM Wind Power in Spain and Poland.</p>
<p>GE Renewable Energy recently announced it would also provide turbines for Čibuk 1, Serbia&#8217;s future largest wind farm, which is also located in the North East of the country. Together, Blacksmith &#8220;Kovačica&#8221; and Čibuk 1 will amount for 263MW of clean wind energy added to the Serbian grid, a significant step towards the country&#8217;s goal to hit 500MW of wind capacity by 2020.</p>
<p>The post <a href="https://internationalfinance.com/company/ge-renewable-energy-scores-serbian-date-105-mw/">GE Renewable Energy scores Serbian date for 105 MW</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Saudi National Digitization Unit signs MoU with GE to drive digital industrial innovation</title>
		<link>https://internationalfinance.com/technology/saudi-national-digitization-unit-signs-mou-ge-drive-digital-industrial-innovation/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=saudi-national-digitization-unit-signs-mou-ge-drive-digital-industrial-innovation</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Thu, 23 Nov 2017 13:45:40 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[GE]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=12009</guid>

					<description><![CDATA[<p>GE and NDU will collaborate to accelerate digital transformation across critical industries, including healthcare, water, and mining</p>
<p>The post <a href="https://internationalfinance.com/technology/saudi-national-digitization-unit-signs-mou-ge-drive-digital-industrial-innovation/">Saudi National Digitization Unit signs MoU with GE to drive digital industrial innovation</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Saudi Arabia’s National Digitization Unit (NDU) signed a Memorandum of Understanding (MoU) with GE (NYSE: GE) to drive digital industrial diversification and the application of innovative business models, supporting Saudi youth in becoming key partners in progressing the digital transformation of the Kingdom.</p>
<p>Signed by Deemah Alyahya, Acting CEO of the NDU and Hisham Al Bahkali, President &amp; CEO, GE Saudi Arabia &amp; Bahrain, on the sidelines of the MISK Global Forum in Riyadh, the agreement will see GE train Saudi youth on ideas and concepts relating to the ‘Future of Work,’ empowering them with the advanced skills needed in digital and software development.</p>
<p>Deemah Alyahya said: “Digital transformation is a key driver of Saudi Vision 2030, covering all sectors and leveraging the power of big data and advanced analytics to achieve increased efficiency and productivity. Tech-savvy Saudi youth play a defining role in achieving this vision. At the National Digitization Unit, we focus on promoting our national talent and helping build innovative digital business models that will establish Saudi Arabia as a pioneering digital nation.”</p>
<p>Through the MoU, NDU and GE will work towards supporting the diversification and digitization of emerging industries. This will be accomplished through collaborating with customers in critical industries such as healthcare, water and mining to conduct assessments, define areas for improvement, and identify digital solutions to move transformation forward. The partners will leverage GE’s digital applications such as Asset Performance Management (APM) which tracks and optimizes assets, and ServiceMax which allows field service engineers’ time to be utilized more efficiently. The partnership will focus on community- based digital solutions in sectors that have been identified for transformation under Saudi Vision 2030.</p>
<p>Concurrently, GE will host workshops shaped around the ‘Future of Work,’ GE’s framework for the skills of the future that focuses on advanced manufacturing, the Industrial Internet of Things, and open innovation. GE’s digital experts in the Industrial Internet of Things will share their knowledge to help boost industrial interconnectivity, and create strategic collaborations with Saudi youth.</p>
<p>Hisham Al Bahkali said: “The national digital vision of Saudi Arabia is a pioneering step in accelerating the Kingdom’s transformation into a digital economy. As an industrial technology company that now draws on digitization to support our partners in the Kingdom, we see this MoU as a strong platform to share our learnings and resources, especially with the Saudi youth. With a focus on digital industrial diversification, innovation, and talent development, we will work with NDU to create a thriving digital ecosystem in the Kingdom that creates high quality jobs for youth, and supports the development of a high-value supply chain led by young Saudi entrepreneurs.”</p>
<p>The first activity under this MOU will happen during the MISK Global Forum. The ‘Skills Garage’ workshop, hosted by Rania Rostom, Chief Innovation Officer, GE MENAT, focuses on the Industrial Internet of Things, highlighting the importance of sensors, data and analysis to connect critical machines in energy, healthcare, aviation and manufacturing. The interactive, hands-on event explores the industrial side of digital transformation and enables participants to work with the technologies that will take them into the digital industrial era. It also focused on real skills development in electronics, and an introduction to coding.</p>
<p>Ali Saleh, Senior Vice President and Chief Commercial Officer, GE Digital Middle East, Africa &amp; Turkey said, “GE Digital supports the digital transformation of industry in the Kingdom and around the world through the Industrial Internet of Things. Our digital applications such as Asset Performance Management (APM), or ServiceMax are purpose-build for industry. Crucially, behind the applications is Predix, our application development platform for the Industrial Internet that was purpose-built to meet the scale, complexity, speed and security requirements of industry. Leveraging these leading digital industrial solutions will enable GE and NDU to together help partners to optimize resources, reduce unexpected downtime, and maximize efficiency, effectively bringing industry into the digital future.”</p>
<p>GE has over 80 years of partnership in the Kingdom with over 4,000 employees, including Baker Hughes, a GE company. With nearly 50 percent of the talent in highly skilled engineering and technology roles. GE has built an advanced industrial ecosystem that includes a growing local supply chain, with significant partnerships and investments in support of the Kingdom in its economic diversification goals, including building localized manufacturing competencies.</p>
<p>The post <a href="https://internationalfinance.com/technology/saudi-national-digitization-unit-signs-mou-ge-drive-digital-industrial-innovation/">Saudi National Digitization Unit signs MoU with GE to drive digital industrial innovation</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>GE helping to increase efficiency and output at Azito Power Plant in the Ivory Coast</title>
		<link>https://internationalfinance.com/company/ge-helping-increase-efficiency-output-azito-power-plant-ivory-coast/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ge-helping-increase-efficiency-output-azito-power-plant-ivory-coast</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Thu, 16 Nov 2017 09:39:59 +0000</pubDate>
				<category><![CDATA[Company]]></category>
		<category><![CDATA[Azito Power Plant]]></category>
		<category><![CDATA[GE]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=11762</guid>

					<description><![CDATA[<p>Plant’s output will increase by up to 30 megawatts, helping the country to meet its electricity needs</p>
<p>The post <a href="https://internationalfinance.com/company/ge-helping-increase-efficiency-output-azito-power-plant-ivory-coast/">GE helping to increase efficiency and output at Azito Power Plant in the Ivory Coast</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-size: 14pt;">To improve performance and provide valuable insights and visibility into plant and turbine operations, GE’s Power Services business (NYSE: GE) announced it has signed an agreement with Azito Energie S.A. (Azito) to upgrade two gas turbines at the company’s combined-cycle power plant. GE’s hardware upgrade and Operations Optimization digital solutions will help increase power output by up to 30 megawatts (MW) and will equip Azito with the insights it needs to increase efficiency and improve operations at the power plant. The project, located in the Yopougon district of the Ivory Coast, marks GE’s first GT13E2 MXL2 gas turbine upgrade order in sub-Saharan Africa.</span></p>
<p><span style="font-size: 14pt;">“As the electricity sector has undergone significant reform in the Ivory Coast, new regulations have helped foster a more welcoming environment to help Ivorians gain access to electricity,” said Luc Aye, Managing Director of Azito Energie. “At the center of this agreement with GE is our commitment to provide the people of the Ivory Coast with access to more reliable electricity. With GE’s upgrade package and digital solutions, we will produce more power, improve the efficiency of the plant and reduce our carbon footprint.”</span></p>
<p><span style="font-size: 14pt;">In addition to increasing power output by up to 30 MW, upgrades on the turbines are expected to deliver a combined-cycle efficiency increase, resulting in significant fuel savings and reduced CO2 emissions. GE’s solutions will also extend inspection intervals for the gas turbines, reducing maintenance and repair expenses—which, in turn, will reduce overall plant costs and result in improving profitability.</span></p>
<p><span style="font-size: 14pt;">“With the Azito power plant producing more than a third of the electricity in the Ivory Coast, these improvements will have a wide-reaching impact on the country’s energy landscape,” said Elisee Sezan, General Manager, GE’s Power Services business for sub-Saharan Africa. “Until two decades ago, the country was heavily reliant upon hydroelectric power and fell into an energy crisis when the electricity output from its dams was drastically reduced due to droughts. With this project, we look forward to supporting Azito Energie in its efforts to help the Ivory Coast achieve its strategic energy objectives to increase existing plants’ efficiency and double the installed capacity it had in early 2013 by 2020.”</span></p>
<p><span style="font-size: 14pt;">The installation of GE’s Predix-based Operations Optimization solution will provide numerous operational benefits at the Azito plant. Slated for installation in mid-2018, the software will equip Azito with deep insights and key performance indicator (KPI)-based analytics to help improve overall plant performance. It delivers enterprise data visibility across power plant and fleet-wide footprints, providing a holistic understanding of operational decisions. The solution also can provide operational benefits such as:</span></p>
<ul>
<li><span style="font-size: 14pt;">Improved reliability and availability via enhanced predictivity.</span></li>
<li><span style="font-size: 14pt;">More accurate performance monitoring and forecasting.</span></li>
<li><span style="font-size: 14pt;">Dispatch enhancement via improved visibility into plant capability.</span></li>
<li><span style="font-size: 14pt;">Lower production costs and asset generation forecasting for improved asset dispatch.</span></li>
</ul>
<p><span style="font-size: 14pt;">“With GE’s Operations Optimization software, Azito will be able to improve productivity across its worldwide fleet with fact-based actions that align to KPIs,” said Narendra Asnani, Executive Sales Director, GE’s Power Services business for sub-Saharan Africa. “It will also enable them to tackle operational issues, meet business demand, align people and systems and reach true plant capacity while reducing cost and downtime.”</span></p>
<p><span style="font-size: 14pt;">GE is a historical player and a pioneer in the Ivory Coast, particularly in the power sector. For example, the first-ever gas turbines (Vridi, 1984), the first independent power production project (Ciprel, 1994) and the first combined-cycle power plants in the country (Azito and Ciprel, 2015) all run mainly on GE technology.</span></p>
<p><span style="font-size: 14pt;">In 2015, the company demonstrated its commitment to help bolster the Ivorian power sector to meet future demand increases and challenges with the signing of a cross-sector memorandum of understanding (MoU) with the government of Ivory Coast. In the MoU, GE agreed to support the country in attaining its infrastructure development goals, which include adding 1 gigawatt of power to the Ivorian national grid.</span></p>
<p>The post <a href="https://internationalfinance.com/company/ge-helping-increase-efficiency-output-azito-power-plant-ivory-coast/">GE helping to increase efficiency and output at Azito Power Plant in the Ivory Coast</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Apple and GE partner to bring Predix industrial apps to iPhone and iPad</title>
		<link>https://internationalfinance.com/company/apple-ge-partner-bring-predix-industrial-apps-iphone-ipad/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=apple-ge-partner-bring-predix-industrial-apps-iphone-ipad</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Fri, 20 Oct 2017 07:20:16 +0000</pubDate>
				<category><![CDATA[Company]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[Predix industrial app]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=10813</guid>

					<description><![CDATA[<p>Gives developers the tools to make their own powerful industrial IoT apps</p>
<p>The post <a href="https://internationalfinance.com/company/apple-ge-partner-bring-predix-industrial-apps-iphone-ipad/">Apple and GE partner to bring Predix industrial apps to iPhone and iPad</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="pagebody-copy">Apple and GE announced a partnership to deliver powerful industrial apps designed to bring predictive data and analytics from Predix, GE’s industrial Internet of Things (IoT) platform, to iPhone and iPad. The two companies unveiled a new Predix software development kit (SDK) for iOS, which gives developers the tools to make their own powerful industrial IoT apps.</div>
<div class="pagebody-copy"></div>
<div class="pagebody-copy">“GE is an ideal partner with a rich history of innovation across the industrial world in areas like aviation, manufacturing, healthcare and energy,” said Tim Cook, Apple’s CEO. “Together, Apple and GE are fundamentally changing how the industrial world works by combining GE’s Predix platform with the power and simplicity of iPhone and iPad.”</div>
<div class="pagebody-copy"></div>
<div class="pagebody-copy">“The partnership between Apple and GE is providing developers with the tools to make their own powerful industrial IoT apps,” said John Flannery, Chairman and CEO, GE. “Our customers increasingly need to arm their workforces through mobility. Working together, GE and Apple are giving industrial companies access to powerful apps that help them tap into the predictive data and analytics of Predix right on their iPhone or iPad.”</div>
<div class="pagebody-copy"></div>
<div class="pagebody-copy">The new Predix SDK for iOS will be available to download on Thursday, October 26. The SDK gives developers the ability to make powerful, native apps that take full advantage of the industrial analytics from Predix and tap into the power and ease of use of iOS, the world’s most advanced mobile operating system.</div>
<div class="pagebody-copy"></div>
<div class="pagebody-copy">These apps will give industrial operators more insight and visibility into the performance of their equipment and operations right from their iPhone or iPad. For example, a Predix app can notify a worker on their iPhone of a potential issue with equipment such as a wind turbine and allow them to collaborate with remote teams when performing inspections and repairs, collecting relevant data instantly. These industrial apps will close the information loop faster, ultimately increasing cost savings and minimizing unplanned downtime.</div>
<div class="pagebody-copy"></div>
<div class="pagebody-copy">In collaboration with Apple, GE is also developing apps for both internal use and its customers, giving workers powerful tools to enhance their jobs and help operations run more efficiently. GE’s Asset Performance Management (APM) Cases app, which is available in the App Store, helps industrial businesses increase machine reliability and availability while reducing maintenance costs and managing operations risks. Customers including Exelon Corp. are already putting APM to work and seeing improved equipment uptime and overall productivity.</div>
<div class="pagebody-copy"></div>
<div class="pagebody-copy">“Apple is known for setting the standard on hardware and simple software interfaces,” said Brian Hoff, director of corporate innovation at Exelon. “When you combine this with the power of Predix and all of the data Exelon is aggregating and analyzing, the possibilities for game-changing solutions are endless.”</div>
<div class="pagebody-copy"></div>
<div class="pagebody-copy">GE will standardize on iPhone and iPad for mobile devices and also promote Mac as a choice for its global workforce of more than 330,000 employees. Apple will promote GE’s Predix as the industrial IoT analytics platform of choice to its customers and developers.</div>
<div class="pagebody-copy"></div>
<p>The post <a href="https://internationalfinance.com/company/apple-ge-partner-bring-predix-industrial-apps-iphone-ipad/">Apple and GE partner to bring Predix industrial apps to iPhone and iPad</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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