General Electric Company's
) three Jenbacher J624 gas engines have replaced Energie AG's
existing steam turbines. Banking on the improved flexibility,
reliability and efficiency, GE's J624 has helped Austria's
largest cogeneration plant powered by gas engines; upgrade its
district heating facility.
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GE's J624 is the world's first gas engine with an output of 4.4
megawatts and is more cost effective with reliable performance
and greater efficiency. With advanced two-stage turbocharging,
the J624 gas engine is based on technology that provides high
electrical efficiency (45.4%), thermal efficiency (43.7%) and
overall efficiency (89.1%).This innovative technology addresses
the increasing demand for high efficiency power generation.
The J624 gas engine is specially designed to operate in warm
environment. This new technology will provide power to the town
of Kirchdorf and provide electricity to the local grid. It offers
options for combined heat and power generation. Additionally, the
small size of these engines facilitated Energie AG to save time
by minimizing the modification process. The output of GE's gas
engines has increased by 10% with the use of the two stage
General Electric is one of the most diversified technologies and
financial service corporations in the world. Its segments include
Power & Water, Oil & Gas, Energy Management, Aviation,
Healthcare, Transportation, Home & Business Solutions, and GE
Capital. GE Power & Water produces gas, steam and aero
derivative turbines; generators; combined cycle systems; and
renewable energy solutions, as well as provides water treatment
services and equipment. In the last reported quarter, Power
& Water segment reported revenues of $4.8 billion, down 26%
year over year hampered by fewer wind and gas turbine shipments
in the European markets.
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now are
Honeywell International Inc
Compass Diversified Holdings
), each carrying a Zacks Rank #2 (Buy).