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In Canada, the organization was known as GE Hitachi Nuclear Energy Canada and its purpose is to provide fuel and service nuclear power plants that operate on heavy water reactors made by Atomic Energy Canada. [3] In 2016, GE and Hitachi sold GE Hitachi Nuclear Energy Canada to BWXT Canada Ltd. and renamed BWXT Nuclear Energy Canada [5] [6] [7] [8]
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In 2021 GE announced a plan to split GE into three new public companies: GE Vernova, GE HealthCare and GE Aerospace was announced. GE Power along with GE Digital, GE Renewable Energy, and GE Energy Financial Services will come together as GE Vernova. [23] On April 2, 2024, the divestiture of GE Power into GE Vernova was completed. [24] [25]
In the late 2000s, due to a drop in rail car leasing due to the general economic recession initiated by the 2000s financial crisis GE Railcar attempted to alter the terms on a $1.2 billion contract (2007) for the acquisition of over 11000 rail cars from The Greenbrier Companies. The GE contract represented 84% of Greenbrier's ongoing railcar ...
General Electric's (GE) business unit GE Gas Power clinches a deal from the Swiss Federal Office of Energy (SFOE) to lease its eight TM2500 mobile aeroderivative gas turbine units.
GE Healthcare was the first to be spun off, on January 4, 2023. [19] GE Vernova was the second to be spun off. In preparation for the spin-off, GE Vernova, LLC was founded on February 28, 2023. [20] The LLC was incorporated on April 2, 2024, [21] as GE Vernova Inc. and was listed on the New York Stock Exchange under ticker symbol GEV. [22]
The GE ES44C4, a diesel–electric freight locomotive of the GE Evolution Series. GE Transportation is the largest producer of diesel–electric locomotives for both freight and passenger applications in North America, believed to hold up to a 70% market share of that market. [3]
The Diesel Locomotive Factory, Marhowrah is a joint venture of GE Transportation, part of American company Wabtec, with Indian Railways for the production of 1000 high-power freight locomotives over a period of 10 years designed to run on Indian railway tracks. [1]