Ge Power Sfu switch Disconnector Fuse Unit SP

Product Description

Between April and June 2014, General Electric entered into negotiations to acquire the energy business of the French group Alstom. On April 24, 2014, the first information was published about General Electric's partial takeover of Alstom for $13 billion.^[7] On April 30, Alstom's board of directors accepted General Electric's 12.35 billion offer for its energy business.^[8] General Electric confirmed its offer of $16.9 billion.^[9]

In 2015, the Franco-American subsidiary GE Renewable Energy was created from the acquisition of the energy activities (Alstom Power and Alstom Grid) of Alstom, which specializes in renewable energies. It was headquartered in Boulogne-Billancourt, France and focused on the production of energy systems that use renewable sources. Its products included wind (onshore and offshore), hydroelectric and solar (concentrated and photovoltaic) power generating facilities.^[10]

In January 2016, General Electric announced that it was cutting 6,500 jobs in its energy division, GE Power.^[11] In October 2016, General Electric announced the acquisition of LM Wind Power, a Danish company that is one of its main suppliers of wind turbine blades, for $1.65 billion.^[12]

In May 2018, Alstom announced the sale of its interests in its three joint ventures with General Electric to GE for 2.594 billion. These joint ventures were active in the power grid, nuclear and renewable energy sectors.^[13]

In July 2018, one month after buying all the shares in its joint venture with Alstom, General Electric announced a restructuring plan for the Hydro division, cutting 1,330 jobs worldwide, including 293 jobs in Grenoble, France even though GE had committed to creating 1,000 jobs in France when it bought Alstom's energy division.^[14][15]

On April 18, 2021, GE Steam Power's management announced that it was reducing its job cuts plan, deciding to save 94 jobs and thus cut 144.^[16] On April 30, 2021, the unions in France announced that they would continue to blockade the steam power site in Belfort "for as long as necessary", also blocking the special convoy transporting a turbine to the Hinkley Point nuclear power plant in the UK.^[17]