GE 2015 Annual Report Download - page 65

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MD&A SEGMENT OPERATIONS | POWER
GE 2015 FORM 10-K 37
POWER
BUSINESS OVERVIEW
Leader: Steve Bolze Headquarters & Operations
xSenior Vice President, GE and President &
CEO, GE Power
xOver 20 years of service with General
Electric
x18% of segment revenues in 2015
x20% of industrial segment revenues
x25% of industrial segment profit
xHeadquarters: Schenectady, NY
xServing customers in 150+ countries
xEmployees: approximately 62,000
Products & Services
Power serves power generation, industrial, government and other customers worldwide with products and services
related to energy production and water reuse. Our products and technologies harness resources such as oil, gas,
coal, diesel, nuclear and water to produce electric power and include gas and steam turbines, full balance of plant,
upgrade and service solutions, as well as data-leveraging software.
xGas Power Systems ± offers a wide spectrum of heavy-duty and aeroderivative gas turbines for utilities, independent power
producers and industrial application, from small, mobile power to utility scale power plants.
xSteam Power Systems ± offers steam power technology for coal and nuclear applications including boilers, generators, steam
turbines, and Air Quality Control Systems (AQCS) to help efficiently produce power and provide performance over the life of a
power plant.
xPower Services ± delivers maintenance, service and upgrade solutions across total plant assets and over their operational
lifecycle, leveraging the Industrial Internet to improve the performance of such solutions.
xDistributed Power ± provides technology-based products and services to generate reliable and efficient power at or near the point
of use. The product portfolio features highly efficient, fuel flexible industrial gas engines, including Jenbacher and Waukesha
engines, which generate power for numerous industries globally.
xWater & Process Technologies ± provides comprehensive chemical and equipment solutions and services to help manage and
optimize water resources across numerous industries and municipalities, including water treatment, wastewater treatment and
process system solutions.
xGE Hitachi Nuclear ± offers advanced reactor technologies solutions, including reactors, fuels and support services for boiling
water reactors, and is offered through joint ventures with Hitachi and Toshiba, for safety, reliability and performance for nuclear
fleets.
Competition & Regulation
Worldwide competition for power generation products and services is intense. Demand for power generation is global and, as a result,
is sensitive to the economic and political environments of each country in which we do business.
GE 2015 FORM 10-K 37