PARIS—June 18, 2013—In a move towards growing an already strong partnership, GE’s Power Conversion (NYSE: GE) business signed a framework agreement with Guodian Longyuan Electrical Co., Ltd. placing the two industrial companies, known for their innovative and efficient solutions in renewable energy, in a position to offer the domestic Chinese market the fundamental technological building blocks to assist China as the country moves to cleaner and more sustainable energy sources.
Under the agreement, GE will provide the core package for 1.-5 and 2-megawatt (MW) converters for Longyuan Electrical. The two companies will work closely to continue to develop the renewables industry in China. The win-win co-operation stems from a long, positive working history and GE’s ability to work in meeting the specifics of the local market with a strong local manufacturing and service base.
At Longyuan Electrical they said, “GE’s ability to provide us with customized solutions and on-time delivery have been key factors in our project success over the years. We look forward to our continued partnership with them.”
Stefan Franko, renewable business leader, GE Power Conversion, said, “GE will continue to support China’s growing energy landscape. Our portfolio of flexible and complete frequency converters helps provide reliability, availability, low operating costs, grid compliance and network quality for increased productivity.”
As a global company working to meet local market demands for clean and renewable sources of energy, Power Conversion offers the experience and innovation of being present in every region coupled with customized innovative technological solutions adapted to local market specifics, thus providing the most efficient and innovative solutions to highly complex challenges.