General Electric to Improve Grid Efficiency - Analyst Blog

GE Digital Energy business, a part of General Electric Company GE, recently announced that it will provide grid modernization solutions to global utilities and help them cope up with higher electricity consumption and demand. General Electric will be displaying new and upgraded high-voltage offerings coupled with its transformative 3-D interactive power system at the 2014 IEEE PES Transmission & Distribution Conference & Exposition in Chicago.

Utility companies have lately been investing in modernization of their existing infrastructure to propel future growth and are looking for innovative solutions for efficient power delivery. The company's significant investments in high-voltage technology offerings help customers meet high energy demands, improve grid reliability and efficiency. It provides customers with the flexibility required to integrate renewable such as wind, solar, hydro and gas generation. Also, General Electric has developed digital, hands-on displays and tools, which enable the company to transform the way the industry learns, explores and interacts with critical power systems components. Through its 3-D tools, General Electric is expected to help utility operators understand their power systems, and guide them about various transmission and distribution line challenges and transform the way these utility companies  explore and address these challenges to provide a modernized and connected grid.  

The world electricity demand is expected to increase by more than 2% annually over the next 20 years with the rise in population. These new technological offerings are expected to meet the challenges of the inefficient infrastructure and deliver more reliable flow of power by minimizing risk of outages, reducing costs and improving the overall grid efficiency.

Recently, General Electric delivered a mobile fleet of backup power units—in the form of TM2500+ aero derivative gas turbines—to its Libya Company.  The company delivered backup emergency power to the country for its future demands by enabling its electrical balance of plant (EBoP) technology with the advanced capabilities of the gas turbines.

General Electric is one of the most diversified technologies and financial service corporations in the world. The company's segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. The Digital Energy business provides transmission and distribution solutions that supply power from the power plant to the consumers.

General Electric currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth a look now include Noble Group Ltd. (NOBGY), Federal Signal Corp. FSS having a Zacks Rank #1 (Strong Buy), and Crane Co. CR, having a Zacks Rank #2 (Buy).