The global power system is in the midst of a grand transformation. The global power industry is going to change more in the next 10 years than it has in the last 125. The world is transitioning from an electricity system based primarily upon large, centralized generation and transmission and distribution (T&D) technologies, to one that also embraces distributed, digitally-enhanced, and low-carbon technologies. Traditional and emerging, physical and digital, large and small, are all converging to create a new twenty-frst-century power network.
General Electric (GE), together with our customers, is leading this transformation and co-creating the future of energy with our customers across the globe. GE started the global electric power system, and we have been an integral part of it since Thomas Edison unveiled the world’s frst thermal power plant in 1882. We continually innovated across the course of the twentieth century, developing many of the power technologies the world enjoys today.
GE technology helps create one-third of the world’s electricity, we have equipped 90 percent of power transmission utilities worldwide, and our software helps control 70 percent of the power grids in North America, Africa, and the Middle East.
We believe that the future of energy is digital. This is why, after decades of providing software to the energy industry,we re-committed to digitalization in 2011 and built a world-class industrial software with predictive analytics capability. We have since accelerated the digitalization of all GE solutions through the development of digital energy platforms.
As a result of our increased digital commitment, every GE Renewable wind turbine shipped is digitally enabled, and over 20 percent of GE Power products and services have adopted GE digital solutions in the last two years.1 Customers across the globe are now adopting GE digital applications that increase asset performance, improve operations, and unlock new sources of revenue.