By Renée Francoeur
According to GE, the new business aims to:
• Help meet growing energy demands, expected to increase 78% globally by 2040,
• Improve grid resiliency and energy efficiency,
• Upgrade and digitize aging infrastructure,
• Enable renewables and a diversified energy mix.
Grid Solutions will be led by Reinaldo Garcia, previously the president and CEO of GE Latin America. Prior to his role in Latin America, Garcia spent several years with GE Healthcare in a number of different positions including president and CEO of GE Healthcare International. He will be based at Grid Solutions’ global headquarters in Paris.
“With deep roots in engineering, innovation and technology, the combination of GE and Alstom will provide customers with the widest range of generation-to-transmission solutions and a global geographical presence for a complete portfolio of solutions,” Garcia says.
Grid Solutions has more than 20,000 employees in approximately 80 countries and equips 90% of power utilities worldwide with estimated revenues of approximately $6.2 billion, GE says.