General Electric Is Investing $5 Million in Its Gas Turbines Division.

General Electric Company NYSE:GE

General Electric Company (NYSE:GE)

General Electric Company (NYSE:GE) recently announced that it intends to construct a second manufacturing plant for its TM 2500 and LM2500Xpress aero-derivative units situated at the Global Technology Center in Greenville, South Carolina. The investment could reach up to $5 million. This new facility will be an addition to the manufacturing plant that GE already has in Veresegyhaz, which is located in Hungary.

The delivery of turbines in the Americas region will be supported by General Electric Company’s (NYSE:GE) expanded production capabilities at the Global Technology Center, which will be made possible by the new manufacturing plant. As a result of this move, General Electric will also be able to better serve the rapidly expanding market for aero-derivative turbine technology. In order to bring about the transition, the plant will utilize the services of approximately 25 skilled individuals who will adhere to a lean methodology. It is anticipated that the manufacturing process will get underway during the fourth quarter of 2022.

The Most Recent Orders Received for GE’s Aeroderivative Technology

West Texas Gas placed an order with General Electric Company (NYSE:GE) in March 2022 to deliver two General Electric Company (NYSE:GE) LM2500XPRESS power packages, each of which included a GE LM2500 aeroderivative gas turbine modular package as well as an emissions control system.

These gas turbines can deliver around 60 megawatts of power and can start up in five minutes or less when they are started from cold iron. The North Permian Midstream plant owned by West Texas Gas will benefit from adding turbines to its operation.

Additionally, General Electric Company (NYSE:GE) received an order for an aeroderivative TM2500 gas turbine from the Greek construction business TERNA SA. It is believed that the gas turbine will be able to satisfy the Island of Kos’s peak power requirements throughout the summer.

Within ten minutes or less, the TM2500 aero-derivative gas turbine is capable of reaching its maximum power output. Due to the lack of availability of natural gas, the 33.6 MW unit will be fueled by light distillate, which will be delivered by a tanker every 2–4 weeks.

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