Businessweek

General Electric Company operates as an infrastructure and financial services company. With products and services ranging from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products, the company serves customers in approximately 100 countries. Segments The company’s segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. POWER & WATER This segment engages in the field of development, implementation, and improvement of products and technologies that harness resources, such as wind, oil, gas, and water to produce electric power. Its operations are located in North America, Europe, Asia, South America, and Africa. Power & Water serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The company sells gas turbines and generators that are used principally in power plants for generation of electricity and for industrial cogeneration and mechanical drive applications. The company provides Integrated Gasification Combined Cycle (IGCC) technology design and development. IGCC systems convert coal and other hydrocarbons into synthetic gas that is used as the primary fuel for gas turbines in combined-cycle systems. IGCC systems produce fewer air pollutants compared with traditional pulverized coal power plants. The company sells steam turbines and generators to the electric utility industry and to private industrial customers for cogeneration applications. It offers wind turbines as part of its renewable energy portfolio, which also includes solar technology. The company also sells aircraft engine derivatives for use as industrial power sources. Nuclear reactors, fuel and support services for both new and installed boiling water reactors are offered through joint ventures with Hitachi and Toshiba. The company provides its customers with solutions to meet their needs through a portfolio of aftermarket services, including equipment upgrades, long-term maintenance service agreements, repairs, equipment installation, monitoring and diagnostics, asset management and performance optimization tools, remote performance testing and Dry Low NOx tuning. Power & Water also offers water treatment solutions for industrial and municipal water systems, including the supply and related services of specialty chemicals, water purification systems, pumps, valves, filters and fluid handling equipment for improving the performance of water, wastewater and process systems, including mobile treatment systems and desalination processes. The company owns Dresser, Inc., which broadened the product portfolio with technologies for gas engines. OIL & GAS This segment helps oil and gas companies make sustainable use of the world's energy resources. The company’s operations are located in North America, Europe, Asia, Australia, South America, and Africa. Oil & Gas supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The business designs and manufactures surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, high pressure reactors, industrial power generation and a portfolio of auxiliary equipment. The company’s service business has approximately 40 service centers and workshops in the world's main oil and gas extraction and production regions. The company also provides pipeline integrity solutions, sensor-based measurement, inspection, asset condition monitoring, controls, and radiation measurement solutions. Oil & Gas also offers integrated solutions using sensors for temperature, pressure, moisture, gas and flow rate, as well as non-destructive testing inspection equipment, including radiographic, ultrasonic, remote visual, a