GE Outpaces Rivals For Gas-Fired Power Plant Orders in 1st Qtr -Reuters
May 14 2019 - 2:12PM
Dow Jones News
--General Electric Co. (GE) was able to book more first-quarter
orders for new gas-fired power plants than rivals Mitsubishi
Hitachi Power Systems and Siemens AG (SIEGY), Reuters reports
Tuesday.
--GE booked six orders for its HA-class turbines, while
Mitsubishi Hitachi booked five orders and Siemens got four, the
report said.
--Gas turbine demand has fallen as more power is generated by
wind, solar and other renewable methods, the report said.
Full story:
https://www.reuters.com/article/us-ge-powerplants/ge-books-more-power-plant-orders-beats-mitsubishi-siemens-sources-idUSKCN1SK26T?il=0
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 14, 2019 13:57 ET (17:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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