New Energy Site Operation

Are energy incumbents entering a new energy space?

Electrification and renewables, in particular, show accelerated growth, with electric power and hydrogen expected to represent 32 percent of the global energy mix by 2035 and 50 percent by 2050 (Exhibit 1). It’s hardly surprising that energy incumbents are entering this new energy space.

Should incumbents choose the operating model for a new energy business?

New energy businesses have the potential to thrive, and many incumbents are eager to enter this high-growth space. The operating model that energy players choose can directly impact the success of their new business, and incumbents need to decide what strategy would best suit their business needs.

What is a corporate structure for a new energy business?

Corporate structures for new energy businesses range from full business separation to full integration within the core business, each with its own benefits and risks. In 2023, Eni, a leading energy company, decided to fully carve out their renewables business in order to diversify their portfolio and accelerate their growth.

Why should energy players choose a new operating model?

The operating model that energy players choose can directly impact the success of their new business, and incumbents need to decide what strategy would best suit their business needs. This decision is only the beginning, but it can pave the way for future success.

What is GE Energy's O&M services team?

GE Energy’s O&M services team helps ensure optimum performance at existing power plants as well as plants still in the planning stages. From initial project support to mobilization, through actual operation and maintenance, GE Energy’s highly trained specialists work with the cus-tomer to develop the ideal strategy for their particular site.

Does GE Energy provide O&M services?

GE Energy has the resources and expertise necessary to provide truly com-prehensive O&M services. GE can implement the latest products and technology leveraging GE fleet operational data and developing technology to provide effective and efficent service.