GE Global Research in Clean Tech · GE Global Research in Clean Tech Eric Butterfield June 10, 2009 Caution Concerning Forward-Looking Statements: This document contains “forward-looking

GE Global Researchin Clean Tech

Eric ButterfieldJune 10, 2009

Caution Concerning Forward-Looking Statements:

This document contains “forward-looking statements”- that is, statements related to future, not past, events. In this context,

forward-looking statements often address our expected future business and financial performance and financial condition,

and often contain words such as “expect,” “anticipate,” “intend,” “plan,” believe,” “seek,” “see,” or “will.” Forward-looking

statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that

could cause our actual results to be materially different than those expressed in our forward-looking statements include: the

severity and duration of current economic and financial conditions, including volatility in interest and exchange rates,

commodity and equity prices and the value of financial assets; the impact of U.S. and foreign government programs to

restore liquidity and stimulate national and global economies; the impact of conditions in the financial and credit markets on

the availability and cost of GE Capital’s funding and on our ability to reduce GE Capital’s asset levels and commercial paper

exposure as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial

and consumer credit defaults; our ability to maintain our current credit rating and the impact on our funding costs and

competitive position if we do not do so; the soundness of other financial institutions with which GE Capital does business;

the adequacy of our cash flow and earnings and other conditions which may affect our ability to maintain our quarterly

dividend at the current level; the level of demand and financial performance of the major industries we serve, including,

without limitation, air and rail transportation, energy generation, network television, real estate and healthcare; the impact of

regulation and regulatory, investigative and legal proceedings and legal compliance risks; strategic actions, including

acquisitions and dispositions and our success in integrating acquired businesses; and numerous other matters of national,

regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties

may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do

not undertake to update our forward-looking statements.

2

GE Proprietary & Confidential

Four segments aligned for growth

GE CapitalInfrastructure - Technology

Infrastructure- Energy

NBC Universal

3


Supporting GE’s diverse technology

GE Global Research

GE Energy

Gas Turbines

Wind

Solar

Oil & Gas

Subsea multiphase boosting

High-speed motors

Combustor nozzles

Composite risers

Aviation

GE 90

GEnx

Avionics

NBC Universal

Video on-demand

Anti-piracy

Marketing initiatives

Scheduling decisions

GE Healthcare

Diagnostic Imaging

Medical diagnostics

Clinical systems

Healthcare ITGE Water

Purification

Desalination

Wastewater to Energy

GE Capital

Asset tracking

Financial/Risk modeling

Transportation

Evolution locomotive

Evolution Hybrid

Marine and mining

Enterprise Sols.

Security

Inspection Technologies

Sensing

Eco Initiatives

5


GE’s big plays

Efficiency Low carbon power Low carbon fuels

Buildings

Transport

Distribution Base Load

IGCC Cleaner CoalESBWR Nuclear

Renewables

Natural GasLarge-Frame TurbinesLM TurbinesEnergy Finance

CO2 CaptureBP H2 Joint VentureSynfuels Technology

BiomassWater Treatment

Fuel Cell H2

Aircraft EnginesLocomotivesEquipment Svcs.Aviation Finance

Energy ServicesWater TreatmentEnergy Finance

Wind TurbinesSolar PowerBiogas EnginesEnergy Finance

Water TreatmentAppliancesLightingEnergy Finance

6


Eco-invest and deliver

Goal: $20B Rev by 2010

Revenues ($B)

17

25

9

11

21

14

'05 '06 '07 '08 '09 '10

+20% CAGR

'05 '06 '07 '08 '09 '10

R&D Investment ($B)

0.7

0.9

1.11.2

1.41.5

$25B

R&D

8


Global Research … GE’s innovation engine

Niskayuna, NY

Bangalore, India

Shanghai, China

Munich, Germany

Innovation

Physicists ElectricalEngs

Biologists

Mathematicians

MaterialScientists

ComputerScientists

Chemists

MechanicalEngs

Sustainable Energy

AdvancedPropulsion

EnergyConversion

MolecularMedicine

OrganicElectronics

Nanotechnology

9


Spreading technology across our businesses

Alternative fuelsNanotechnology Composites Active Flow

Aviation Solar JenbacherWind

materials & modeling

10


Wind

‘02 Today

47%38%

‘85 ‘95 ‘050

5

10

20

Cost of electricity (¢/kWh)

15

�Technology�Turbine size �Project scale

Reliability

‘02 Today

97%+

88%

+9 Pts

Capacity factor+9 Pts

11


Wind pipeline

Advanced Drivetrain� Improved reliability

�~0.5% power increase

�~20% mass reduction

Advanced Blade�Composite core with aero elastic design

�Designed for logistics

�~8% power increase

4

6

8

10

12

14

600800

10001200

14001600

1800

0

500

1000

1500

2000

2500

3000

Wind speed [m/s]

MBC Operating Space

Generator speed [rpm]

Electrical power [kW]

Model Based Control�~1% power increase

�10% reduction in loads

�Expanded operation envelope

Advanced Power Electronics� 50% increase in power density

�~0.5% reduction in losses

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Solar

Thin Film Utility Scale Power Power conversion

Solar SystemsModules Inverters

•GE reliability & execution

•GE Controls w/ M&D

•Simplified & Scalable

•Leveraging 1.5MW wind converter

•Bringing grid friendly features from Wind to PV

•Primestar CdTe

•Thin film and materials expertise

13


Solar pipeline

Solution-based manufacturing�High throughput, ultra low cost �Thin film PV printing

http://news.rpi.edu/update.do

Up/Down Converters�Boost cell efficiency by 1-10% absolute

Nanowire solar cells�Breakthrough efficiencies >30%�Nearly 100% sunlight absorption

Anti-reflection coatings�Maximize use of all angles of incidence

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One battery … many applications

• 2x energy density - 3x power

• Vibration hardened pack design

• Optimization for reliability & life

Na+ ions transfer through ceramic electrolyte between salt + nickel and sodium metal

GE expertiseChemistryPackagingElectronics Controls

GEMx

15


Tying it all together Thermal

Tools

M&D

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GE is actively developing advanced technologiesWhat it is Why

$15MM/yr** 58K tons of CO2 reductionRes consumer savings up to 10%

Utility savings*

*Utility savings are approximate annual savings per MM customers**1.6% peak load reduction***IVVC with 1-2% CVR peak load reduction

$27MM/yr*** 29K tons of CO2 reduction

$12MM/yr

~3.5 yr ROI

Prognostics for proactive equipment maintenance

Reduced outages and focused maintainers

Asset optimization

Reduce delivery losses in distribution systems

Less energy waste and higher profit margins

Delivery optimization

Manage peak via control of power consumption

Defer upgrades, optimize generation

Demand optimization

Reliabilityoptimization

Wide Area Protection & control

Increased network performance & reliability

$21MM/yr Based on a 4hr blackout per year of a transmission utility

Smart Grid … a comprehensive approach

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• Diverse and differentiated portfolio of clean tech products and services

•Multiple pathways for GE technology to go to market

• Corporate research give us a competitive advantage.

Summary

Documents

GE Global Research in Clean Tech · GE Global Research in Clean Tech Eric Butterfield June 10, 2009 Caution Concerning Forward-Looking Statements: This document contains “forward-looking