ge global research in clean tech · ge global research in clean tech eric butterfield june 10, 2009...
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GE Global Researchin Clean Tech
Eric ButterfieldJune 10, 2009
Caution Concerning Forward-Looking Statements:
This document contains “forward-looking statements”- that is, statements related to future, not past, events. In this context,
forward-looking statements often address our expected future business and financial performance and financial condition,
and often contain words such as “expect,” “anticipate,” “intend,” “plan,” believe,” “seek,” “see,” or “will.” Forward-looking
statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that
could cause our actual results to be materially different than those expressed in our forward-looking statements include: the
severity and duration of current economic and financial conditions, including volatility in interest and exchange rates,
commodity and equity prices and the value of financial assets; the impact of U.S. and foreign government programs to
restore liquidity and stimulate national and global economies; the impact of conditions in the financial and credit markets on
the availability and cost of GE Capital’s funding and on our ability to reduce GE Capital’s asset levels and commercial paper
exposure as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial
and consumer credit defaults; our ability to maintain our current credit rating and the impact on our funding costs and
competitive position if we do not do so; the soundness of other financial institutions with which GE Capital does business;
the adequacy of our cash flow and earnings and other conditions which may affect our ability to maintain our quarterly
dividend at the current level; the level of demand and financial performance of the major industries we serve, including,
without limitation, air and rail transportation, energy generation, network television, real estate and healthcare; the impact of
regulation and regulatory, investigative and legal proceedings and legal compliance risks; strategic actions, including
acquisitions and dispositions and our success in integrating acquired businesses; and numerous other matters of national,
regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties
may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do
not undertake to update our forward-looking statements.
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GE Proprietary & Confidential
Four segments aligned for growth
GE CapitalInfrastructure - Technology
Infrastructure- Energy
NBC Universal
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GE Proprietary & Confidential
Supporting GE’s diverse technology
GE Global Research
GE Energy
Gas Turbines
Wind
Solar
Oil & Gas
Subsea multiphase boosting
High-speed motors
Combustor nozzles
Composite risers
Aviation
GE 90
GEnx
Avionics
NBC Universal
Video on-demand
Anti-piracy
Marketing initiatives
Scheduling decisions
GE Healthcare
Diagnostic Imaging
Medical diagnostics
Clinical systems
Healthcare ITGE Water
Purification
Desalination
Wastewater to Energy
GE Capital
Asset tracking
Financial/Risk modeling
Transportation
Evolution locomotive
Evolution Hybrid
Marine and mining
Enterprise Sols.
Security
Inspection Technologies
Sensing
Eco Initiatives
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GE Proprietary & Confidential
GE’s big plays
Efficiency Low carbon power Low carbon fuels
Buildings
Transport
Distribution Base Load
IGCC Cleaner CoalESBWR Nuclear
Renewables
Natural GasLarge-Frame TurbinesLM TurbinesEnergy Finance
CO2 CaptureBP H2 Joint VentureSynfuels Technology
BiomassWater Treatment
Fuel Cell H2
Aircraft EnginesLocomotivesEquipment Svcs.Aviation Finance
Energy ServicesWater TreatmentEnergy Finance
Wind TurbinesSolar PowerBiogas EnginesEnergy Finance
Water TreatmentAppliancesLightingEnergy Finance
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GE Proprietary & Confidential
Eco-invest and deliver
Goal: $20B Rev by 2010
Revenues ($B)
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25
9
11
21
14
'05 '06 '07 '08 '09 '10
+20% CAGR
'05 '06 '07 '08 '09 '10
R&D Investment ($B)
0.7
0.9
1.11.2
1.41.5
$25B
R&D
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GE Proprietary & Confidential
Global Research … GE’s innovation engine
Niskayuna, NY
Bangalore, India
Shanghai, China
Munich, Germany
Innovation
Physicists ElectricalEngs
Biologists
Mathematicians
MaterialScientists
ComputerScientists
Chemists
MechanicalEngs
Sustainable Energy
AdvancedPropulsion
EnergyConversion
MolecularMedicine
OrganicElectronics
Nanotechnology
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GE Proprietary & Confidential
Spreading technology across our businesses
Alternative fuelsNanotechnology Composites Active Flow
Aviation Solar JenbacherWind
materials & modeling
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GE Proprietary & Confidential
Wind
‘02 Today
47%38%
‘85 ‘95 ‘050
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10
20
Cost of electricity (¢/kWh)
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�Technology�Turbine size �Project scale
Reliability
‘02 Today
97%+
88%
+9 Pts
Capacity factor+9 Pts
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GE Proprietary & Confidential
Wind pipeline
Advanced Drivetrain� Improved reliability
�~0.5% power increase
�~20% mass reduction
Advanced Blade�Composite core with aero elastic design
�Designed for logistics
�~8% power increase
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10
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600800
10001200
14001600
1800
0
500
1000
1500
2000
2500
3000
Wind speed [m/s]
MBC Operating Space
Generator speed [rpm]
Electrical power [kW]
Model Based Control�~1% power increase
�10% reduction in loads
�Expanded operation envelope
Advanced Power Electronics� 50% increase in power density
�~0.5% reduction in losses
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GE Proprietary & Confidential
Solar
Thin Film Utility Scale Power Power conversion
Solar SystemsModules Inverters
•GE reliability & execution
•GE Controls w/ M&D
•Simplified & Scalable
•Leveraging 1.5MW wind converter
•Bringing grid friendly features from Wind to PV
•Primestar CdTe
•Thin film and materials expertise
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GE Proprietary & Confidential
Solar pipeline
Solution-based manufacturing�High throughput, ultra low cost �Thin film PV printing
http://news.rpi.edu/update.do
Up/Down Converters�Boost cell efficiency by 1-10% absolute
Nanowire solar cells�Breakthrough efficiencies >30%�Nearly 100% sunlight absorption
Anti-reflection coatings�Maximize use of all angles of incidence
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GE Proprietary & Confidential
One battery … many applications
• 2x energy density - 3x power
• Vibration hardened pack design
• Optimization for reliability & life
Na+ ions transfer through ceramic electrolyte between salt + nickel and sodium metal
GE expertiseChemistryPackagingElectronics Controls
GEMx
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GE Proprietary & Confidential
Tying it all together Thermal
Tools
M&D
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GE Proprietary & Confidential
GE is actively developing advanced technologiesWhat it is Why
$15MM/yr** 58K tons of CO2 reductionRes consumer savings up to 10%
Utility savings*
*Utility savings are approximate annual savings per MM customers**1.6% peak load reduction***IVVC with 1-2% CVR peak load reduction
$27MM/yr*** 29K tons of CO2 reduction
$12MM/yr
~3.5 yr ROI
Prognostics for proactive equipment maintenance
Reduced outages and focused maintainers
Asset optimization
Reduce delivery losses in distribution systems
Less energy waste and higher profit margins
Delivery optimization
Manage peak via control of power consumption
Defer upgrades, optimize generation
Demand optimization
Reliabilityoptimization
Wide Area Protection & control
Increased network performance & reliability
$21MM/yr Based on a 4hr blackout per year of a transmission utility
Smart Grid … a comprehensive approach
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GE Proprietary & Confidential
• Diverse and differentiated portfolio of clean tech products and services
•Multiple pathways for GE technology to go to market
• Corporate research give us a competitive advantage.
Summary