GE Generation Business
Release Date: 2018-04-30
Source: Power Engineering International (PEI) Newsletter
Wärtsilä and Cummins are among the suitors for the impending sale of General Electric’s distributed power business. GE may announce a deal by mid-year for the unit, which includes the reciprocating gas engines makers GE Jenbacher and Waukesha.
The unit for sale makes multi-tonne gas turbines that generate on-site power to keep industrial plants running. Jenbacher and Waukesha engines cover the small to mid-sized segment of GE’s power business, ranging from 100 kilowatts to 10 megawatts.
Selling the industrial gas engine business would help streamline GE’s power division, whose profit plunged last year as sales of power plants and services fell sharply.