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GENERAL ELECTRIC - USA
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ABOUT GENERAL ELECTRIC
General Electric’s (GE) three energy segments Power, Renewable Energy, and Lighting generated $38.5bn in revenues, accounting for 31.7% of the company’s total revenue of $121.6bn during the year. The three segments respectively contributed $27.3bn, $9.53bn, and $1.7bn to the company.
The company’s revenue from the electricity power segment decreased by 22%, whereas that from the lighting business dropped by 11%. Revenue from its renewable energy segment, however, increased by 4% during the year and is likely to grow with the popularization of electric vehicles.
The GE Power segment provides products and services related to electricity production, while the GE Lighting segment develops lighting solutions. The GE Renewable Energy segment provides onshore and offshore wind turbines and blades, as well as hydropower solutions.
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