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GE’s Austrian Jenbacher Gas Engine Business to enter1 Billion USD Waste Heat Recovery Segment

December 7, 2010

Calnetix Power Solutions in Stuart, Fla. to be integrated into GE's Jenbacher gas engine business

Further expanding its diverse portfolio of power generation technologies, in Oct. 2010 GE announced in the acquisition of of Calnetix Power Solutions (CPS), a Florida-based company that develops technology for small-scale, waste heat-to-power projects. Recovering waste heat from industrial processes and using it to produce electricity is a rapidly growing trend in the global power industry offering high efficiency and a reduced carbon footprint. CPS offers well-proven waste heat-to-power technology to generate electricity using the waste heat of various types of engines, biomass boilers and gas turbines. The acquired business will be integrated into GE’s Jenbacher gas engine business based in Jenbach, Austria. Today, much of the activity in the small-scale, waste heat recovery sector is centered in Europe.

Since its acquisition by GE in 2003, GE’s Jenbacher gas engine business has continued to expand its manufacturing capacity and technology offerings. GE's Jenbacher gas engine division is one of the world's leading manufacturers of gas-fueled reciprocating engines, packaged generator sets and cogeneration units for power generation. It is one of the only companies in the world focusing exclusively on gas engine technology. GE's Jenbacher gas engines range in power from 0.25 to 4.4 MW and run on either natural gas or a variety of other gases (e.g., biogas, landfill gas, coal mine gas, sewage gas, combustible industrial waste gases). A broad range of commercial, industrial, and municipal customers use Jenbacher products for on-site generation of power, heat, and cooling. GE's Jenbacher product team has its headquarters, main production facilities, and 1,400 of its roughly 1,800 worldwide employees in Jenbach, Austria. GE also operates two regional gas engine assembly facilities in Hangzhou, China, and in Veresegyház, Hungary.