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GE braces for cash burn in power, renewables divisions

Source: 
SNL Financial

General Electric is ramping up production of wind turbines while trying to stabilize a power division hurt by declining demand for gas turbines. Industries: Power Referenced Companies: (GE) General Electric Co. (SNL Inst. Key: 114527)...

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Miklos Ferenczy's picture
Miklos Ferenczy on May 18, 2019

The decision of GE is more-or-less understandable. GE's problem soon will be that there is a Canadian innovation called "COHESION HYDRO" which will show its substantial effects - latest within one year - on the hydroenergy world. Starting from that time the INTERMITTENT energy sources (wind and solar) will probably loose their importance, along with GE's new favourite energy storage method - the PUMPED HYDRO.

 

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