General Electrics has been facing hardships with the oil decline and overall in general conglomerate management. Having shed GE Capital as well as its appliance business, it is refocusing on power production and energy distribution.
GE’s power division is expecting demand for higher peak generators that can produce up to 55 gigawatts of power and an upturn in the market share for H-class turbines. Overall the demand for power generators is expected to rise quite a bit, with heavy duty gas turbines the majority of those products.
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