GE 2014 Annual Report Download - page 58

38 GE 2014 FORM 10-K
MD&A SEGMENT OPERATIONS | ENERGY MANAGEMENT
ENERGY MANAGEMENT
BUSINESS OVERVIEW
Leader: Mark W. Begor
Headquarters & Operations
x President & CEO, GE Energy
Management
x Over 30 years of service with
General Electric
x 5% of segment revenues in 2014
x 7% of industrial segment revenues
x 1% of industrial segment profit
x Headquarters: Atlanta, GA
x Serving customers in 150+ countries
x Employees: approximately 30,000
Products & Services
Energy Management designs, manufactures and services leading technology solutions for the delivery,
management, conversion and optimization of electrical power. Our energy solutions allow customers
across multiple energy-intensive industries such as oil & gas, marine, data centers, metals and mining to
efficiently manage electricity from the point of generation to the point of consumption.
x Industrial Solutions ± creates advanced technologies that safely, reliably and efficiently distribute and control electricity
to protect people, property and equipment. We provide high performance software and control solutions and offer
products such as circuit breakers, relays, arresters, switchgear, panel boards and repair for the commercial, data center,
healthcare, mining, renewables, oil & gas, water and telecom markets.
x Digital Energy ± maximizes the reliability, efficiency and resiliency of the grid by preventing and detecting grid power
failures, digitizing substations, and reducing outages. We provide advanced products and services that modernize the
grid, from the power plant to the power consumer, such as protection and control, industrial strength communications,
smart meters, monitoring & diagnostics, visualization software and advanced analytics. We provide high voltage and
medium voltage (HV/MV) equipment, smart controls and sensors, software solutions and power projects for industries
such as generation, transmission, distribution, oil and gas, telecommunication, mining and water. We currently have
several strategic partnership ventures, primarily in Mexico and China, which allow us to support our customers through
various product and service offerings.
x Power Conversion – applies the science and systems of power conversion to help drive the electric transformation of the
world’s energy infrastructure. Our product portfolio includes motors, generators, automation & control equipment & drives
for energy intensive industries such as marine, oil & gas, renewable energy, mining, rail, metals, test systems and water.
Competition & Regulation
Energy Management faces competition from businesses operating with global presence and with deep energy domain
expertise. Our products and services sold to end customers are often subject to a number of regulatory specification and
performance standards under different federal, state, foreign and energy industry standards.