GE: No More Coal

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GE (NYSE: GE) announced today that it intends to exit the new build coal power market, subject to applicable consultation requirements. GE’s Steam Power business will work with customers on existing obligations as it pursues this exit, which may include divestitures, site closings, job impacts and appropriate considerations for publicly held subsidiaries.

GE will continue to focus on and invest in its core renewable energy and power generation businesses, working to make electricity more affordable, reliable, accessible, and sustainable. GE Steam Power will continue to deliver turbine islands for the nuclear market and service existing nuclear and coal power plants.  Russell Stokes, GE Senior Vice President and President & CEO of GE Power Portfolio said,... ... More: Official Press Release GE

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GE, coal, power, plant, jobs, site, exit, transformation