General Electric Company
) recently announced that its latest technology platform for the
wind energy sector, PowerUp, has achieved contracts for over 1,000
units since its inception around seven months ago.
A part of GE Predictivity for wind solutions, the software-enabled
PowerUp platform is expected to boost the annual energy production
(AEP) per turbine by up to 5%, leading to approximately 20%
increase in profit per turbine for power producers.
The wind PowerUp platform continuously analyzes data points on wind
farms and enables customers to raise power output through improved
positioning and operations. The PowerUp platform works by adjusting
performance dials that include speed, torque, pitch, aerodynamics
and turbine controls.
General Electric also introduced its GE Predictivity wind plant
wake management software capabilities. Incorporated in PowerUp, the
new software provides optimum solution for diminishing wake loss at
the plant. Leading industry power producers have already
successfully implemented the PowerUp platform with an increase in
profitability across their fleets.Such innovative technology
upgrades are likely to augment reveues for the company.
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, and provides water treatment services
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now include
Icahn Enterprises, L.P
) carrying a Zacks Rank #1 (Strong Buy), and
Carlisle Companies Inc.
), both carrying a Zacks Rank #2 (Buy)
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