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McConnell -- we continue our coverage here live for the nymex today and we're gonna have.
A number of conversations.
Throughout the -- -- about the viability.
Of of alternative energy and David got its that would congressman's release a little bit and we're joined now as a matter of fact for Paris of all places by staples is the the IGE power and water.
CEO I hope you're listening again.
On Steve at all to the interview with with congressman's at least that.
What I'm interest in Energy -- over there in Paris today -- it yet power plant better improves wind didn't Nat gas gas type of thing.
What about the profitability.
From a business executives point of view of these alternative sources of energy what would you say about it.
You know what I'd say is a couple things first of which is good morning.
But -- the alternative energy is -- -- trend that's going on right now on the industry.
That as well as more gas based power.
And die in order to do that what's required going forward is.
These solutions that are both high efficiency as well as flexible solutions and that's what we announced today you within GE.
We announced a major breakthrough technology that's going to transform the industry and allow more renewables to come on line.
Which of those renewables.
Or any of these -- -- are.
Viable for you as a business enterprise without any government help in other words as a standalone business you could make money on which of these rubles.
You know right now is we have a very large Jabber Noble's business in GE.
A big part of that is win we -- start building up our solar business area and we just announce a couple weeks ago.
The record efficiency and thin film but what I would say is that.
You know only some projects for our customers are economical with Al incentives.
Now the costs have come down.
But we continue this need to see more in our customers need to see predictable long term policy.
To be able to get that cost position for those renewables things like wind to be competitive.
Current alternative choice is like gas or coal.
Right so which is the most.
It gets favorable to us setting for you to do that it is it over where you are right now in Europe -- coming to us from Paris.
Or maybe maybe it's -- the United States or Asia but where you -- the most that's favorable environments from governments.
I'd say right now it's over the course the last five years the US was very payroll environment.
In terms of policy for wind and I think of all the renewables wind is probably the most cost effective.
But if you look at now all -- going forward.
China is now because of its policy now the largest single wind market in the world.
The EU countries because of their standards 20% renewables by 22 money.
-- -- that's impacting this market.
And what we launched our new combined cycle 61%.
Gas turbine power we did that here in Europe because -- Of the additional renewable penetration.
You need that flexibility so when the wind is night.
Bawling you still have power that's on the grid so -- answer your question I'd say Europe.
China they have very predictable long term standards that support -- -- The last thing -- and ask you about Steve -- academy we spent so long covering that tragedy if we appreciate that a G had some involvement with that.
That plant teppco yesterday that it reactors to win.
And three were in in a meltdown a situation.
Don't you could speak to this at all but what is what if anything is General Electric learned from having gone through that process about.
Nuclear energy in the future of it.
You know it's a very unfortunate event.
-- major natural disaster there.
That hit Japan as well as this site at Fukushima as you mention.
You know a real eight world -- -- -- record not only -- quake but tsunami.
The GE team in terms of supporting kept going Japan we mobilize right on March 11 with a full team to support and have been since -- And I'd say is you just touched on lessons learned will come out of that we're supporting Tokyo Electric Power as well as the whole industry in terms.
How that's gonna be applied to plants around the world but what I would say is that we in GE.
Fully believe that nuclear power is still gonna be.
A an option and a viable option for.
Long term power demands but we're just gonna have to our work -- the whole industry to apply all the right lessons learned.
Like Steve Bowles is GE power in waters -- you know -- happens to be in Paris today and we thank you very much Steve for joining us those little bit of a satellite delay over there it's we're here at the nymex.
-- New York that you're there and Paris but thank you very very much for coming on we really Christian.
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