Energy Energy Storage

GE’s latest approach to energy storage

Energy Storage

Summary

GE now sees integrating batteries with renewables or gas turbines as its best bet to add value.

Perspectives and insights

  • GE hopes to differentiate itself based on its experience in developing power electronics and its historical leadership in gas turbines.
  • Power electronics provide the linchpin that ties solar, wind or hydro to batteries.
  • It's difficult to differentiate utility-scale inverters, except on price; connecting inverters with other offerings present a possible escape from those headwinds.
  • GE is also advocating a battery and natural gas pairing. This could be a recipe for giving gas plants a new lease on life as pairing even a 30-minute duration battery can improve the environmental impact of the plant..

Xoologue - a discussion between Xoo and Moo

Moo: So, GE is at it again

Xoo: As you say Moo, again.

Moo: But this looks good to me - focussing on some of their core strengths and arriving at valuable combinations of these strengths to provide differentiated offerings.

Xoo: You are the expert on strategy, Moo, and I’m someone who happens to understand a bit of cleantech

Moo: That’s some unexpected modesty from you, Xoo. WelI, I like this strategy, but Xoo, I think GE can go further.

Xoo: More combinations?

Moo: Perhaps. I think they can do the whole hog and become a completely energy company once more

Xoo: My little reading on corporate updates tells me that they are already doing it, Moo.

Moo: Yes, but they can do even more and bring all their focus on energy, clean energy in particular.

Xoo: Isn’t that betting too much on one thing for a large corporate like GE?

Moo: If clean energy is in its entirety soon it becomes a $ trillion dollar, I don’t see how it can be a bad bet

Xoo: You have a point there, Moo, you indeed do!