GE Announces Innovative Energy Storage Platform Called the Reservoir

With a commitment to deliver cleaner, more reliable power where and when it’s needed most, GE (NYSE: GE) today launched the GE Reservoir -  a comprehensive energy storage platform that delivers a suite of customized storage solutions to help customers address new challenges and seek new opportunities in a rapidly transforming power grid that is becoming more highly diversified and distributed.

The Reservoir, which already has a 20 MW, 80 MWh pre-launch commitment, expands GE’s 10-year footprint in the energy storage space and builds upon recent successes and milestones. Last year, GE introduced the world’s first hybrid-electric gas turbine to multiple accolades across the industry.  GE was the first-to-market with advanced applications for hybrid electric-gas turbines, wind hybrids and “Black Start” capabilities. And just last month, GE announced a new project with the Arenko Group to build one of the world’s largest energy storage systems in the UK.

“The energy landscape is undergoing an unprecedented paradigm shift, as the growth of renewables, decentralization of power and digitization create both new challenges and opportunities in how power is generated, transmitted and distributed,” said Russell Stokes, President and Chief Executive Officer of GE Power. “GE’s Reservoir delivers the new type of energy system that customers are looking for to help manage electricity’s next chapter.”   

Related Research on ASDReports.com:

Floating Power Plant Market - Outlook (2018-22)

Eric Gebhardt, Vice President and Strategic Technology Officer of GE Power, said, “GE’s Reservoir platform enables cost-effective distribution, storage, and utilization of cleaner, more reliable power where and when it is needed most. It can fit into most any setting, from centralized grid systems to the most remote villages and communities. The Reservoir also allows energy providers new degrees of flexibility for more intelligently managing and getting the most out of all their power assets.”

Source: General Electric (GE)
Date: Mar 7, 2018