March 28, 2013 at 12:00 PM EDT
GE's Innovative Natural Gas Turbines See Global Popularity

SOURCE: General Electric (GE)

DESCRIPTION:

The world's largest collection of medical research institutions and hospitals, the Texas Medical Center, depends on GE's natural gas-fueled turbine unit to support its 280-building empire. That same technology was used to provide Japan with power after the devastating earthquake and tsunami in 2011, and will be used to power next year's Winter Olympic Games in Russia.

Despite public concern over the industry's methods of tapping more natural gas reserves, via “fracking,” the source remains an important, inexpensive and cleaner fuel compared to its fossil fuel counterparts.

GE's unit that has supported the medical center since 2010 represents a type of system that has become increasingly popular around the world, playing up its reliability to deliver regular and backup power during outages or shortages. There are over 2,200 active turbines in 76 countries around the world, including remote areas in the Amazon.

Each turbine takes about ten minutes to turn on, can be shipped and set up within a matter of weeks and provides fast and lasting power to areas stricken with natural disasters. The units in the company's aeroderivative line have seen four years of double-digit growth in orders, with volume expected to increase another 25 percent this year.

Read more about GE's innovative natural gas turbines at Energy Digital

Tweet me: .@general_electric's Innovative Natural Gas #Turbines See #Global Popularity http://3bl.me/es4wt9

KEYWORDS: natural gas, Innovation, Technology, Global, General Electric, energy digital

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here