GE’s goal is to electrify the world

Tomi Motoi, GE representative to the International Energy Agency (Economics and Investment Office) The energy system drives today’s economic and social progress. Global energy investment in 2015 accounted for nearly 2.4% of global GDP—electricity, including networks, accounted for 37% of this investment[1], serving worldwide energy demand and providing critical energy access to millions. Electricity also plays a key role in the transition to a low-carbon economy—it can partially replace fossil fuels in transport and heating. However, more can be done to further electricity access. For example, more than 1 billion…

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Defying the Utility Death Spiral by the Electrification of Mobility

Why utilities should try to capture the fueling market for light duty vehicles Although electrification is mostly discussed in the context of emerging markets, I think utilities should also look closer to home. The elephant in the room is that power sales would rise by about 25%, adding roughly $100 billion per year to electric utility revenues and saving car drivers about $300 billion a year (in the US). Of course there will be large investments to be made. But if utilities could build a grid like structure for EV…

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How Manufacturers Are Developing and Using Renewable Energy

Across the globe, manufacturers are increasingly developing new ways of using renewable energy to strengthen clean energy competitiveness in various industries. Process heating systems are critical to the global manufacturing industry’s ability to turn raw materials (such as oil, iron ore, trees, crops, etc.) into products (including plastics, metals, paper and food). These systems use energy to generate, supply, transfer, contain, or recover heat energy. The manufacturing industry must increase the efficiency and reduce the energy utilization of these systems in order to be competitive, while reducing fossil fuel use…

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