GE Outpaces Rivals For Gas-Fired Power Plant Orders in 1st Qtr -Reuters

Date : 05/14/2019 @ 7:12PM
Source : Dow Jones News

GE Outpaces Rivals For Gas-Fired Power Plant Orders in 1st Qtr -Reuters

General Electric (NYSE:GE)
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--General Electric Co. (GE) was able to book more first-quarter orders for new gas-fired power plants than rivals Mitsubishi Hitachi Power Systems and Siemens AG (SIEGY), Reuters reports Tuesday.

--GE booked six orders for its HA-class turbines, while Mitsubishi Hitachi booked five orders and Siemens got four, the report said.

--Gas turbine demand has fallen as more power is generated by wind, solar and other renewable methods, the report said.

 

Full story: https://www.reuters.com/article/us-ge-powerplants/ge-books-more-power-plant-orders-beats-mitsubishi-siemens-sources-idUSKCN1SK26T?il=0

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

May 14, 2019 13:57 ET (17:57 GMT)

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