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GE Announces New Power Plant

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    GE Power & Water CEO Steve Bolze on launching a new wind and solar efficiency plant.

  • Duration 4:59
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McConnell.

A number of conversations.

Throughout the -- are 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 matter of fact for Paris of all places like Staples is the the IGE power and water.

CEO -- -- you're listening again.

Steve at all to the interview with with congressman's release but.

What I'm interest in energy easel there in Paris today it -- to -- yet power plant better -- -- Nat gas yes type of thing.

What about the profitability.

From a business executives pointed 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 -- alternative energy is mega 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 -- within GE.

We announced a major breakthrough technology that's going to transform the industry and allow more renewables to come online.

Which of those renewables.

Or any of these renewables 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 the Israel's.

You know right now is we have a very large Jabber Noble's business in GE.

A big part of that is win we are 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 -- incentives.

Now -- 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.

Verse is.

Current alternative choice is like gas or coal.

Right so which is the most.

Gets favorable to us heading for you to do that it is it over where you are right now in Europe you're coming to us from Paris.

Or maybe maybe it's here the United States or -- but where -- you -- the most that's measurable 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 and going -- China -- 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.

You know that's impacting this market.

And what we launched our new combined cycle 61%.

Gas turbine power we did that here in Europe because the of the additional -- penetration.

You need that flexibility so when the wind is night.

Bawling you still have power that's on the -- so to 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 -- -- -- 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 in.

And three we're in in a meltdown a situation.

If you could speak to this -- 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 really world -- -- I record not only are great but tsunami.

The GE team in terms of supporting -- in Japan we mobilized 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 NG EE.

Fully believe that nuclear power is still gonna be -- an option and a viable option for.

Long term.

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