With a commitment to offer cleaner, more reliable power when and where it’s needed most, General Electric Co (NYSE:GE) introduced the GE Reservoir, which is a comprehensive energy storage offering that provides a portfolio of customized storage solutions to assist consumers address new challenges and look for new opportunities in a fast changing power grid that is becoming extremely diversified and distributed.
The buzz
The Reservoir expands General Electric’s 10-year presence in the energy storage segment and builds upon recent milestones and successes. Last year, the company launched the world’s introductory hybrid-electric gas turbine to several accolades across the market. General Electric remain as the first-to-market with latest applications for wind hybrids, “Black Start” capabilities and hybrid electric-gas turbines. And in last month, the company posted a new assignment with the Arenko Group to establish one of the world’s major energy storage systems in the U.K.
Russell Stokes, the CEO and President of General Electric, expressed that the energy landscape is witnessing an unparalleled paradigm shift, as the decentralization of power, growth of renewables and digitization establish both new opportunities and challenges in how power is transmitted, distributed and generated. GE’s Reservoir offers the new type of energy setup that consumers are seeking for to help achieve electricity’s next chapter.”
Eric Gebhardt, the VP and Strategic Technology Officer at GE Power, expressed that GE’s Reservoir platform allows cost-effective storage, distribution and utilization of cleaner, increasingly reliable power at a time and place when it is required most. It can adjust into most any setup, from centralized grid setup to the most remote communities and villages. The Reservoir also enables energy providers’ new amounts of flexibility for intelligently managing and deriving the best of all their power resources. General Electric’s Reservoir platform is advanced with distinct technology at company’s Global Research Center.
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