General Electric and China’s Huadian Corp Announce C.E. Joint Venture

Posted: October 27, 2014 in Econ 101, Free Trade, Technology and Energy

SOURCE: http://www.marketwatch.com/story/us-china-cooperation-in-cleaner-energy-leaps-forward-new-joint-venture-launches-today-in-shanghai-2014-10-24

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US-China Cooperation in Cleaner Energy Leaps Forward; New Joint Venture Launches Today in Shanghai

Oct 24, 2014


SHANGHAI, Oct 24, 2014 (BUSINESS WIRE) — The first aeroderivative gas turbine packaged in China rolled off the assembly line in Minhang today, marking a significant milestone for the joint venture between China Huadian Corporation (CHD) and General Electric GE, +0.08% and a leap forward in U.S.-China cooperation on cleaner energy. The launch ceremony, held by Huadian GE Aero Gas Turbine Equipment Co., Ltd. (HDGE), was attended by Cheng Niangao, CEO of China Huadian Corporation and John Rice, vice chairman of GE.

HDGE was founded by Huadian Group and GE, which invested 51 percent and 49 percent respectively, and is regarded as a “powerful partnership” in the U.S.-China energy industry. Its testing capability includes six bays for full load and full speed condition testing of aeroderivative gas turbines—the only facility of its kind in China. With this capability, HDGE provides a valuable platform for further studies in gas turbine technology and creating favorable conditions to train more technicians and experts in China on the gas turbine.

Packaged by HDGE, the LM6000-PF aeroderivative gas turbine is one of the most advanced gas turbines in the world. The first gas turbine produced by HDGE will be used in the Distributed Energy Station of Tianjin Beichen Wind Power Industrial Park, providing electricity, industrial steam and residential heating. With combined-cycle power generation efficiency reaching 52 percent and overall energy efficiency of 75-85 percent, this distributed power technology provides an enhanced solution for the efficient use of natural gas in China. In contrast, the most-advanced, “supercritical,” million-kilowatt, coal-fired generator’s energy efficiency is only 45 percent.

The LM6000-PF aeroderivative gas turbine is built from existing aircraft engine technology from GE, which features a small footprint, lightweight design, high-power capacity and flexible start and stop times. This technology has higher distributed energy utilization efficiency than a conventional coal generator, while pollutant emissions are far lower than the same level of coal-fired thermal power plants complying with the latest energy standards. Distributed power products like the LM6000-PF aeroderivative gas turbine are regarded as core power equipment for cleaner and more efficient energy systems for China’s future.

Environmentally friendlier energy ushers in a turning point for development in China. Distributed power is critically important in restructuring energy infrastructure and coping with air pollution control in China, and HDGE is a historic step for localizing distributed power and reducing the higher costs associated with importing power generation technology.

HDGE has made steady progress in localization efforts in the last three years. When the company was founded in 2011, Huadian had announced the plan of introducing the U.S.’s key technology and equipment for distributed power. With today’s announcement, HDGE is aiming to break through the bottleneck problem of distributed power equipment supply in China. The new joint venture aims to obtain systems integration technology—from production and sales of the aeroderivative gas turbine to life cycle services—in order to better contribute to emissions reductions in China.

“As a most advanced distributed power technology, aeroderivative gas turbines have a promising future for application in China. HDGE is a great testament of the powerful partnership between CHD and GE and also is a driving force in the future development of China’s distributed power industry,” said Deng Jianling, vice president of CHD.

“Cleaner energy technologies will play an increasingly important role in the sustainable growth of China’s economy. HDGE is a good example of what can be achieved through U.S.-China partnership, and we are proud of our role in helping to meet China’s cleaner energy needs,” said Rachel Duan, president and CEO of GE Greater China. “We look forward to broader cooperation with local partners on new emissions reducing technologies.”

To view photos that accompany this release, please click here.

About GE’s Distributed Power Business

GE Power & Water’s Distributed Power business is a leading provider of power equipment, engines and services focused on power generation at or near the point of use. Distributed Power’s product portfolio includes highly efficient industrial reciprocating engines and aeroderivative gas turbines that generate 100 kW to 100 MW of power for numerous industries globally. In addition, Distributed Power offers life cycle services and support for more than 37,000 distributed power products worldwide to help customers meet their business challenges—anywhere and anytime.

Headquartered in Cincinnati, Ohio, Distributed Power employs about 5,000 people around the world.

About GE

GE GE, +0.08% works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at www.ge.com.

About GE Power & Water

GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar, biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world’s most complex challenges related to water availability and quality. Power & Water’s six business units include Distributed Power, Nuclear Energy, Power Generation Products, Power Generation Services, Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE’s largest industrial business.

Follow GE Power & Water on Twitter @GE_PowerWater and on LinkedIn. To hear the latest news and conversations for Distributed Power, use the Twitter hashtag #DistributedPower.

SOURCE: GE

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