GE Energy

December 7, 2011 Atlanta, GA

Jim Suciu President, Sales & Marketing

GE Energy

Nuclear and Renewable Energy: Building Resources for the Future

2

© 2011 General Electric Company

Canada &

USA = 2.7%

Latin

America

4.5%

Africa 5.6%

West Europe

1.6%

Asia and

Pacific

= 6.7%

Middle East

4.5%

Central & East

Europe [CEE] 4.3%

Three-speed world continues ...

High flyers

61 countries, $23 T GDP

(7.5% avg. GDP growth)

Moderate growth

114 countries, $43 T GDP

(2.7% avg. GDP growth)

Slow growth

13 countries, $10 T GDP*

(1.3% avg. GDP growth)

Average global growth for 2012-13 is 4.5% per year

Highlights

Sources: Oxford Economics, September 2011, and GE Energy GSP

• GDP is expected to grow about $6.4 trillion between 2011 & 2013

• The High flyers will account for ~$3.3 t or 52% of the increase

• Western Europe is the slowest growing region an will account for about 7% of the increase in global GDP

3

© 2011 General Electric Company

Energy growth in Saudi Arabia

Electricity demand

3X By 2032

Peak demand

7% annually

Opportunity for energy diversification ... Renewables, Nuclear, Smart Grid

#22

World GDP

ranking

Source: GE Energy Marketing; Saudi Electricity Co., 2011

Renewables

5

© 2011 General Electric Company

Future trend … next decade Renewable energy growth rate outshines all others

Notes & Sources:

• GDP in constant 2005 $ PPP, Oxford Economics

• Oil in barrels per day, FuelCOE base case forecast

• Natural Gas in cubic meters, FuelCOE base case forecast

• Coal in tonnes of oil equivalent, FuelCOE base case forecast

• Wind forecast from internal GE Energy estimate.

• Solar forecast from GTM Research

• Solar estimates range from 2011 to 2015

GDP

46% 4.3%

Oil

14% 1.5%

Coal

36% 3.5%

Natural gas

26% 2.6%

2011 … $70.0 trillion

2020 … $102.5 trillion

2011-2020 growth (%) CAGR (%)

Growth in global energy use Global output

Solar

375% 30%

Wind

300% 12%

6

Thin film panels Record efficiencies … superior energy capture

Power electronics Reliable, 17,000+ running in

wind … smarter grid integration

Solar power plant Scalable 1MW blocks … low

system cost, faster installation

Differentiated

large scale solar

Rapid LCOE drop drives solar into mainstream

$0.50

$0.40

$0.20

$0.11

-0.08

0.02

0.12

0.22

0.32

0.42

0

2

4

6

8

10

12

14

16

18

20

2000 2005 2010 2015

GE bringing differentiated technology and scale to solar

Unsubsidized LCOE $/kWh

Industry installs GW

Source: GE Marketing, EER, Navigant Consulting & Bloomberg

$0.08

ITC

Competitive

LCOE

19GW

16GW

1GW 0.2GW

© 2011 General Electric Company

7

© 2011 General Electric Company

1.5-70

1.6-100

35

45

55

4 5 6 7 8 9

U.S. homes powered per turbine

GE wind product advancements

• Best in class efficiency

• “Game changing” capacity factor

• 2GW+ deals (since May „11 launch)

• Land constrained solution

• Energy production 30%+

• World‟s largest farms: Oregon: 845MW

Romania: 600MW

1.6-100

2.75-103

Energy Output (GWhrs)

Gro

ss C

ap

ac

ity

Fa

cto

r (%

)

Differentiated performance … high return business model

Source: GE Marketing, U.S. DOE EIA stats

420

2005

Wind speed = 7.5 m/s

700

2011

1.5-77

1.5-82

© 2011 General Electric Company

World‟s first Integrated Renewables Combined Cycle power plant MetCap Energy Investments selected GE to design the plant from a total equipment and

controls perspective. Using breakthrough FlexEfficiency* technology, GE engineers have

seamlessly integrated a next-generation 50 Hz 9FB gas turbine, a steam turbine, a generator,

22 MW of GE wind turbines and 50 MW of eSolar concentrated solar thermal tower technology

… all integrated by a GE Mark* Vle plant control system.

The power plant is expected to reach 69% plant efficiency and power more than 600,000 homes in Karaman, Turkey

9

© 2011 General Electric Company © 2011 General Electric Company

Nuclear energy

10

GE Hitachi Nuclear A joint venture between GE and Hitachi, with the majority owned by GE … GE Hitachi Nuclear employs more than 3,000 of the world‟s foremost nuclear engineers, scientists and technical experts in the

field of nuclear technology

• Built the first commercial nuclear reactor in the 1950s

• One of the world‟s foremost authority in boiling water

reactors

• Specializes in new plant construction, servicing existing

plants and providing clean energy fuel to customers

• September, 2011 unveiled its newest nuclear reactor,

the Economically Simple Boiling Water Reactor (ESBWR) …

this new technology incorporates Passive Safety Systems

allowing the reactor to cool itself with no power or intervention from workers for more than seven days

© 2011 General Electric Company

11 11

© 2011 General Electric Company

GE Hitachi Nuclear is currently constructing two Advanced Boiling Water Reactor units in Lungmen, Taiwan.

These units, when fully operational, will

produce 1,350 MW each.

Representing the largest BWR Generation III project in the world … it will bring much needed electricity to the grid of this growing nation.

12

© 2011 General Electric Company

Smart Grid

© 2011 General Electric Company

13

© 2011 General Electric Company

A foundation for flexibility The integration of two infrastructures

Electrical infrastructure

Electrical infrastructure

Information infrastructure

• Embracing renewables

• Managing peak demand

• Driving increased efficiencies

• Reducing CO2 emissions

GE Energy Manufacturing Technology Center – Dammam, Saudi Arabia

15

• Employing 800 people in the Kingdom and with its newest facility, the GE Energy

Manufacturing Technology Center, will support 2,000 jobs, of which 65% will be Saudis

• Supporting localized training … recently 29 Saudi Aramco engineers graduated from the

first training program hosted by Riyadh refinery and GE Oil & Gas university

• Operating six GE technology centers in the Kingdom

• Strengthening a four-tier GE-SEC relationship

• Partnering with SEC for the first GE-SEC technology summit

Energy‟s commitment to Saudi Continuing to be the Kingdom‟s energy technology partner of choice Fostering next generation talent and increased job creation

Advancing water reuse in Saudi

• “Water Reuse Summit” and MOU with Miahona

• Supporting Saudi‟s goal for sustainable

water supply and wastewater management requirements

GE has invested ~$300 million over the last 3 years in the Kingdom

© 2011 General Electric Company