GE Spin-Off, GE Vernova, Plans $1.17 Bn Investment in Renewable Energy in Kutch, Gujarat

GE Vernova is making a significant move in India's renewable energy sector with a ₹10,000 crore (about US$ 1.17 Billion) investment in Kutch, Gujarat. The company, which spun off from General Electric (GE) in April 2024, focuses on electrification and decarbonization, aiming to deliver reliable, affordable, and sustainable energy solutions.

This investment aligns with India's ambitious 500 GW renewable energy target by 2030, and it will contribute to the 30 GW hybrid renewable energy park in Kutch-the largest of its kind in Asia. The Gujarat government has already commissioned 1 GW capacity in March 2024.

India is rapidly expanding its renewable energy infrastructure, and GR Vernova’s involvement strengthens the country’s position as the third-largest renewable energy producer globally, after the US and China.

According to a report by Ahmedabad Mirror, a high level delegation of the company led by the COO met Chief Minister Bhupendra Patel and other officers and talked about the project. The CM has assured all cooperation and support for the project.

GE Vernova is a global energy technology company focused on electrifying and decarbonizing the world, with businesses in Power, Wind, and Electrification, headquartered in Cambridge, Massachusetts.

Beyond this, GE Vernova's Grid Solutions business has secured multi-million dollar orders from Power Grid Corporation of India (PGCIL) to supply 765 kV Shunt Reactors. These reactors will enhance grid stability and efficiency, supporting India's clean energy transition. The equipment will be manufactured at GE T&D India's Vadodara plant, with deliveries scheduled for FY 2025-26.

Additionally, Shailesh Mishra, Asia Pacific Regional Leader for GE Vernova, has emphasized the company's investments in manufacturing capacities in India and the UK, particularly in HVDC links to improve power transmission efficiency

General Electric (GE) has undergone a major transformation, splitting into three independent companies: GE Aerospace, GE HealthCare, and GE Vernova. 

GE Aerospace, Microsoft and Accenture Develop Gen AI Powered Solution for Aviation Industry

GE Aerospace, in collaboration with Microsoft and Accenture, has developed a generative Al-powered solution aimed at revolutionizing the aviation industry. The first solution unveiled helps airlines and lessors rapidly access maintenance records in just minutes, a process that traditionally took days or even weeks.

GE Aerospace SaaS worked with Accenture to develop the strategic roadmap and generative AI-powered solution, which leverages Microsoft Azure and Azure OpenAI Service. The solution helps customers unlock critical asset information in minutes.

Airlines and lessors can quickly access critical maintenance records, improving efficiency and decision-making. The solution enables more informed decisions regarding aircraft asset tracking and manufacturing.

By automating and speeding up the process, it significantly boosts productivity and reduces manual labor.

Further, the generative AI-powered solution's compliance management helps in tracking and determining the compliance documentation status of aircraft fleets, reducing risk exposure.

This collaboration between GE Aerospace, Microsoft, and Accenture matters for several reasons. By leveraging generative AI to quickly access maintenance records, airlines and lessors can significantly reduce the time and resources spent on manual processes. This leads to substantial cost savings and more efficient operations.

Rapid access to maintenance data allows for quicker and more informed decisions regarding aircraft asset management. This can enhance the reliability and safety of the aircraft, as issues can be identified and addressed promptly.

The solution helps ensure that all necessary compliance documentation is readily available and up-to-date, reducing the risk of regulatory non-compliance and associated penalties.

This initiative showcases the potential of AI to transform the aviation industry. It sets a precedent for future innovations and encourages further investment in AI-driven solutions.

Airlines and lessors that adopt this technology can gain a competitive edge by improving their operational efficiency and reducing downtime. More efficient maintenance processes can contribute to better fuel efficiency and reduced environmental impact, aligning with the aviation industry's sustainability goals.

In essence, the Gen AI driven solution resulted from this collaboration not only optimizes current operations but also paves the way for a more advanced and sustainable future in aviation.

Tech Mahindra, GE, Cisco & Others Unites To Form India IoT Panel

Industry veterans from Vodafone, Tesco, Tech Mahindra, Philips, GE and Cisco have joined hands to form an Internet of Things panel in India. The panel will try to build open source Internet of Things (IoT) solutions to solve issues and problems in specific areas such as agriculture, healthcare and education.

The panel will be led by an industry body called Institution of Engineering Technology and Dr. Rishi Bhatnagar, global head for digital enterprise services at Tech Mahindra will be the panel’s chairman.

Other members of the panel include Joy Ranjan Cheruvanthoor, senior Vice-President-strategic alliances and M2M at Vodafone Business Services; Babu Narayan, senior principal scientist at GE Software Research; and Cisco Systems’ principal engineer Mukesh Taneja. Robin Saxby, who is the founder of ARM holdings, has been chosen to be one of the global advisors to the panel.

Internet of Things involves connecting everything from wearable devices and traffic signals to waste control systems and door locks to a huge network.

“The panel will have six working groups on Internet of Things applications which will concentrate on IoT approaches that are being applied across market segments and various businesses. Besides these, the core panel will have a special working group around Internet of Things Labs and on regulatory and legal points," said Bhatnagar in a statement to Economic Times.

The Internet of Things panel will also work on creating a startup accelerator that would combine various components of IoT into useful products.

According to Shekhar Sanyal, country head at Institution of Engineering Technology, India, “There is a large startup ecosystem in Internet of Things space in India. We will provide technical and business mentorship to such startups and also help connect them with investors."  Snayal gave this statement to ET.

The government of India wants the country’s IoT industry to touch the magic figure of $15 billion (Rs. 94,500 crore) by the year 2020. The government is currently working on its 1^st IoT policy. Companies expect a significant amount of business from Internet of Things related work and local based software developers such as Tech Mahindra, Infosys and Wipro have already started working on making its way into the market.

The panel will also try to collaborate with other industry bodies which are working on the same issues and problems as them.

Tech Mahindra, GE, Cisco & Others Unites To Form India IoT Panel

Industry veterans from Vodafone, Tesco, Tech Mahindra, Philips, GE and Cisco have joined hands to form an Internet of Things panel in India. The panel will try to build open source Internet of Things (IoT) solutions to solve issues and problems in specific areas such as agriculture, healthcare and education.

The panel will be led by an industry body called Institution of Engineering Technology and Dr. Rishi Bhatnagar, global head for digital enterprise services at Tech Mahindra will be the panel’s chairman.

Other members of the panel include Joy Ranjan Cheruvanthoor, senior Vice-President-strategic alliances and M2M at Vodafone Business Services; Babu Narayan, senior principal scientist at GE Software Research; and Cisco Systems’ principal engineer Mukesh Taneja. Robin Saxby, who is the founder of ARM holdings, has been chosen to be one of the global advisors to the panel.

Internet of Things involves connecting everything from wearable devices and traffic signals to waste control systems and door locks to a huge network.

“The panel will have six working groups on Internet of Things applications which will concentrate on IoT approaches that are being applied across market segments and various businesses. Besides these, the core panel will have a special working group around Internet of Things Labs and on regulatory and legal points," said Bhatnagar in a statement to Economic Times.

The Internet of Things panel will also work on creating a startup accelerator that would combine various components of IoT into useful products.

According to Shekhar Sanyal, country head at Institution of Engineering Technology, India, “There is a large startup ecosystem in Internet of Things space in India. We will provide technical and business mentorship to such startups and also help connect them with investors."  Snayal gave this statement to ET.

The government of India wants the country’s IoT industry to touch the magic figure of $15 billion (Rs. 94,500 crore) by the year 2020. The government is currently working on its 1^st IoT policy. Companies expect a significant amount of business from Internet of Things related work and local based software developers such as Tech Mahindra, Infosys and Wipro have already started working on making its way into the market.

The panel will also try to collaborate with other industry bodies which are working on the same issues and problems as them.