Please ensure Javascript is enabled for purposes of website accessibility

GE Launches Distributed Power Business

By Eric Volkman – Feb 25, 2014 at 6:43PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

General Electric will fund the division with $1.4 billion spread out over four years.

General Electric (GE -2.56%) has expanded its list of divisions. The company announced that it has launched a distributed power business combining three product lines -- aeroderivative gas turbines, Jenbacher gas engines, and Waukesha gas engines. The unit will be funded with an internal investment of $1.4 billion spread out over four years.

GE established the division to, in its words, "help meet the world's growing demand for on-site power systems that are easier to finance, faster to install, and more efficient and reliable for customers."

Citing its own research, the company said that between now and 2020, distributed power will grow by 40% faster than global electricity demand.

Eric Volkman has no position in General Electric. The Motley Fool owns shares of General Electric. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

General Electric Stock Quote
General Electric
$84.66 (-2.56%) $-2.22

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.