General Electric

Global Next-Generation Smart Grid Solutions Market was valued at $ 11.6 Billion in 2023 and is projected to grow at a CAGR of 22.4% through 2030

Retrieved on: 
Monday, February 26, 2024

The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.

Key Points: 
  • The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.
  • This market is characterized by the integration of advanced technologies such as smart meters, grid automation, communication networks, and artificial intelligence.
  • Major players in the market, including General Electric (GE), Siemens, ABB, and Schneider Electric, are at the forefront of providing comprehensive smart grid solutions.
  • These trends collectively underscore the broad and transformative impact of smart grid technologies across diverse end-user segments.

Global Next-Generation Smart Grid Solutions Market was valued at $ 11.6 Billion in 2023 and is projected to grow at a CAGR of 22.4% through 2030

Retrieved on: 
Monday, February 26, 2024

The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.

Key Points: 
  • The next-generation smart grid solutions market is experiencing significant growth and innovation as utilities worldwide seek to modernize and enhance the efficiency of their power distribution systems.
  • This market is characterized by the integration of advanced technologies such as smart meters, grid automation, communication networks, and artificial intelligence.
  • Major players in the market, including General Electric (GE), Siemens, ABB, and Schneider Electric, are at the forefront of providing comprehensive smart grid solutions.
  • These trends collectively underscore the broad and transformative impact of smart grid technologies across diverse end-user segments.

Global Home Energy Management System Market Outlook Report 2023-2029: Rise in Emergence of New Technologies Such as IoT, AI, and ML Fueling Growth

Retrieved on: 
Thursday, February 22, 2024

The key players in the global home energy management system market are Honeywell International, General Electric, Robert Bosch, Panasonic, and Comcast (Xfinity).

Key Points: 
  • The key players in the global home energy management system market are Honeywell International, General Electric, Robert Bosch, Panasonic, and Comcast (Xfinity).
  • Hardware includes all the physical components in the home energy management system, including energy meters, smart thermostats, and others.
  • The new construction application segment is expected to be the largest revenue segment of the global home energy management system market.
  • The global home energy management system market has huge growth opportunities in the new construction segment.

GE VERNOVA UNVEILS GRID DATA MANAGEMENT SOFTWARE TO UNLOCK A SMARTER, MORE RESILIENT ENERGY NETWORK

Retrieved on: 
Wednesday, February 21, 2024

Itron is among the key collaborators with GE Vernova to utilize the new federated grid data fabric software to better enable a more modern, secure, and resilient grid.

Key Points: 
  • Itron is among the key collaborators with GE Vernova to utilize the new federated grid data fabric software to better enable a more modern, secure, and resilient grid.
  • CAMBRIDGE, Mass., Feb. 21, 2024 /PRNewswire/ -- Today, GE Vernova launched GridOS® Data Fabric, the first data fabric designed for grid orchestration, to help utilities operate a grid that is both smarter, as renewable energy scales, and more resilient, as extreme weather events increase.
  • The grid today is more complex than ever before, and energy data is a contributor to this complexity, as this data is dispersed across the energy network, multiplying exponentially and creating data challenges for electric utilities to manage.
  • "This launch includes GridOS® Connect, our energy data integration engine, a key component for the federated grid data fabric that feeds continuously updated data sets into the system.

John D. McDonald Appointed to Resilient Entanglement Board of Advisors

Retrieved on: 
Tuesday, February 20, 2024

DENVER, Feb. 20, 2024 /PRNewswire/ -- Resilient Entanglement (RE) is thrilled to announce that John D. McDonald, Founder & CEO of JDM Associates, LLC, is joining our Board of Advisors.

Key Points: 
  • DENVER, Feb. 20, 2024 /PRNewswire/ -- Resilient Entanglement (RE) is thrilled to announce that John D. McDonald, Founder & CEO of JDM Associates, LLC, is joining our Board of Advisors.
  • John has over 50 years of experience in the electric utility transmission and distribution industry.
  • Before launching JDM Associates, John was the Smart Grid Business Development Leader for General Electric (GE) Grid Solutions.
  • As a Board of Advisors member, John advises senior leadership and engineering staff on integrating climate-resiliency and energy distribution efficiency into the grid using predictive analysis and cutting-edge quantum algorithms.

Montana Technologies Announces Investment From Rice Investment Group

Retrieved on: 
Tuesday, February 20, 2024

RONAN, Mont., Feb. 20, 2024 /PRNewswire/ -- Montana Technologies LLC ("Montana" or the "Company") today announced that Rice Investment Group ("Rice") has committed to invest $10 million in Montana as part of a private capital consortium led by Carrier Ventures. Following the closing of its business combination with Power & Digital Infrastructure Acquisition II Corp (NASDAQ: XPDB, XPDBU, XPDBW) expected in March, Montana will trade on the NASDAQ under the ticker symbol "AIRJ".

Key Points: 
  • The investment from Rice will accelerate the commercialization of Montana's patented AirJoule® system.
  • Kyle Derham, Partner, Rice Investment Group, said, "AirJoule® is a transformational energy efficiency technology that we believe is capable of gigaton scale decarbonization while lowering costs without subsidies.
  • "We are extremely grateful to have the support of such a reputable team as the Rice Group," said Matt Jore, CEO of Montana Technologies.
  • Pat Eilers, CEO of XPDB, said, "We are thrilled to add Rice to an already impressive group of strategic and financial investors.

GE Announces Filing of Form 10 Registration Statement for Planned Spin-Off of GE Vernova

Retrieved on: 
Thursday, February 15, 2024

GE (NYSE:GE) today announced the filing of its Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of GE Vernova.

Key Points: 
  • GE (NYSE:GE) today announced the filing of its Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of GE Vernova.
  • GE Vernova CEO Scott Strazik said, “GE Vernova is a purpose-built company serving the electric power industry with a unique scope and scale of solutions to create a more sustainable world.
  • The planned spin-off of GE Vernova is intended to be tax-free for GE and GE shareholders for U.S. federal income tax purposes.
  • Future updates to the Form 10 will be filed with the SEC and may be viewed at www.sec.gov as filings under GE Vernova.

NDT and Inspection Market worth $18.4 billion by 2029- Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, February 15, 2024

The power Generation vertical of the NDT and Inspection market is predicted to register the highest market share between 2024-2029.

Key Points: 
  • The power Generation vertical of the NDT and Inspection market is predicted to register the highest market share between 2024-2029.
  • NDT and Inspection market for the Asia Pacific region to register the highest CAGR between 2024 and 2029 forecast.
  • The Asia Pacific region is poised to emerge as the fastest-growing market for NDT and inspection, driven by rapid infrastructural developments.
  • However, challenges such as pricing pressures pose a limitation to the growth of the NDT and inspection industry in Asia Pacific.

NDT and Inspection Market worth $18.4 billion by 2029- Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, February 15, 2024

The power Generation vertical of the NDT and Inspection market is predicted to register the highest market share between 2024-2029.

Key Points: 
  • The power Generation vertical of the NDT and Inspection market is predicted to register the highest market share between 2024-2029.
  • NDT and Inspection market for the Asia Pacific region to register the highest CAGR between 2024 and 2029 forecast.
  • The Asia Pacific region is poised to emerge as the fastest-growing market for NDT and inspection, driven by rapid infrastructural developments.
  • However, challenges such as pricing pressures pose a limitation to the growth of the NDT and inspection industry in Asia Pacific.

Stock indexes are breaking records and crossing milestones – making many investors feel wealthier

Retrieved on: 
Thursday, February 15, 2024

The S&P 500 stock index topped 5,000 for the first time on Feb. 9, 2024, exciting some investors and garnering a flurry of media coverage. The Conversation asked Alexander Kurov, a financial markets scholar, to explain what stock indexes are and to say whether this kind of milestone is a big deal or not. What are stock indexes?When prices rise or fall overall for the shares of those companies, so do stock indexes.

Key Points: 


The S&P 500 stock index topped 5,000 for the first time on Feb. 9, 2024, exciting some investors and garnering a flurry of media coverage. The Conversation asked Alexander Kurov, a financial markets scholar, to explain what stock indexes are and to say whether this kind of milestone is a big deal or not.

What are stock indexes?

  • When prices rise or fall overall for the shares of those companies, so do stock indexes.
  • The number of stocks in those baskets varies, as does the system for how this mix of shares gets updated.
  • The Dow Jones Industrial Average, also known as the Dow, includes shares in the 30 U.S. companies with the largest market capitalization – meaning the total value of all the stock belonging to shareholders.
  • The Nasdaq composite tracks performance of more than 2,500 stocks listed on the Nasdaq stock exchange.
  • The S&P 500 index was introduced in 1957 because many investors wanted an option that was more representative of the overall U.S. stock market.

Why are there so many?

  • Most of them, including the Nasdaq composite and the S&P 500, are value-weighted.
  • That means stocks with larger market values account for a larger share of the index’s performance.

Do these milestones matter?

  • The DJIA first reached 1,000 in November 1972, and it crossed the 10,000 mark on March 29, 1999.
  • Investors and the media will treat the new record set when it gets to another round number – 40,000 – as a milestone.
  • Because there’s a lot of randomness in financial markets, the significance of round-number milestones is mostly psychological.
  • Index milestones matter to the extent they pique investors’ attention and boost market sentiment.
  • Many economists believe that the consumption boost that arises in response to a buoyant stock market can make the economy stronger.

Is there a best stock index to follow?

  • However, because it is value-weighted, it’s heavily influenced by only seven stocks with very large market values.
  • But if you check out several stock indexes rather than just one, you’ll get a good sense of how the market is doing.
  • But the market rebounded, with stock indexes hitting new milestones and notching new highs by the end of that year.
  • This is why I believe advice from the immensely successful investor and fan of stock index funds Warren Buffett is worth heeding.


Alexander Kurov does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.