February 26, 2018 Read More →

As Part of Restructuring, GE Develops a Focus on Storage

Utility Dive:

The company is now honing its approach within its GE Power unit by putting its energy storage business into a separate unit.

“We have the direct attention of our CEO,” Mirko Molinari, global commercial and marketing executive for energy storage at GE Power, said at at GTM’s Solar Summit Mexico. “We’re bullish on storage as part of our broader portfolio.”

GE recently announced a deal with Arenko Group for a 41 MW battery project in the U.K.’s Midlands region. The project is slated to come online in 2018 and will supply on-demand power to about 100,000 U.K. homes.

Last spring GE teamed up with Southern California Edison (SCE) for what they said at the time was the world’s first battery-gas turbine hybrid system. The hybrid unit, in Norwalk, Calif., integrates a 10 M W/4.3 MWh battery energy storage system with a 50 MW gas turbine.

GE says it has a broad focus on where and how storage solutions can be applied across the energy sector from centralized power centers to remote settings. “We can make them work with traditional generation like the project with SCE, as standalone systems like the project with Arenko, and as systems that can be paired with renewable sources as well,” a GE Power spokesman told Utility Dive.

More: General Electric creates new unit for energy storage business

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