GE Announces $63 million in New Orders for Breakthrough Battery
New GE Start-up Shows Immediate Return on Investment in Telecom Market
10 new telecom customer orders in seven countries during first few weeks of GE Energy Storage operations
Durathon battery estimated to reduce diesel fuel consumption by up to 40 percent
New customers to save tens of millions of dollars over lifetime of batteries
SCHENECTADY, N.Y.--(BUSINESS WIRE)-- GE's (NYS: GE) Energy Storage business announced today $63 million in new Durathon battery orders since the business launched in July. In its first weeks of operation, the business secured 10 new telecom customer orders across several regions, including Africa, Asia, India and the U.S. - powering a total of more than 3,500 cell towers. The breakthrough battery provides reliable and cost-effective energy storage options for a broad range of global customers and is being produced at GE's advanced manufacturing factory here.
Prescott Logan, General Manager, GE Energy Storage said, "Durathon batteries help solve key challenges for customers in emerging markets, where power outages and cycle disruption are prevalent, and in developed markets where batteries currently take up large spaces in cramped urban centers. The technology is unique because it can function in a variety of extreme conditions and store as much energy as lead-acid batteries twice its size while lasting up to 10 times as long."
GE's innovative Durathon battery technology works by employing environmentally responsible sodium chemistry to capture excess energy from the diesel fuel generators. When the generator is off and the battery is fully charged, it feeds the stored power back to the cell tower. This hybrid, cyclic charge/discharge operation reduces fuel consumption by up to 40 percent.
With headquarters in Nairobi, Telecommunication, Power and ICT Service Provider, Adrian Company LDT is among GE's newest Durathon battery customers.
Bernard Njoroge, Group Managing Director, Adrian Group of Companies, noted, "Our main challenge is downtime due to frequent power outages on the grid. For our sites located in densely populated areas where wireless signals and data transmission loads are heaviest, the Durathon battery has proven to be the perfect innovation solution for us to implement."
The Durathon battery can help extend mobile phone service to billions of people worldwide by helping generator-powered cell towers operate more efficiently, while also reducing greenhouse gas emissions. With more than one billion people - and potential cell phone subscribers - living in remote areas with no accessible power grid, operators are often forced to continuously power cellular base stations using diesel fuel. This costs an average of $20,000 to $30,000 per site and adds more than 50 tons of carbon dioxide into the atmosphere per year.
Megatron Federal, an engineering company based in Johannesburg, South Africa, was the first customer to sign a purchase agreement for 700 batteries in early 2012, adding 300 more shortly thereafter. The company with products and services in power generation, transmission, distribution, construction and telecommunications, signed another agreement to purchase 6,000 batteries when GE Energy Storage formally opened the new Schenectady facility. These batteries will ensure the continuous operation of telecom installations in Nigeria. They will also enable Megatron to lower both fuel consumption and emissions of diesel generator powered telecom towers by up to 50 percent.
GE ecomagination Vice President, Mark Vachon said, "It is estimated that the telecom industry accounts for two percent of the total world carbon footprint and could reach an alarming four percent by 2020 if solutions aren't implemented in the near-term.1 We know that in this current global context, we must stay laser focused on what our customers need to make their operations more productive, resource efficient, and environmentally smart."
GE Energy Storage is experiencing increased demand for the technology with other new orders set to be finalized. By mid-2013, GE anticipates having more than 1,000 hybrid telecom installations worldwide and over five times that number by year-end.
Investing in Advanced Manufacturing Solutions
On July 10, 2012 GE, announced the official opening of GE Energy Storage's high-tech battery manufacturing facility, which produces the ecomagination-qualified Durathon battery products and was a result of GE's $100 million initial investment in battery technology developed at GE's Global Research Center in Niskayuna, NY following its strategic acquisition of UK-based Beta R&D. The Durathon batteries are the result of GE's unprecedented investment in research and development that leads to breakthrough products.
About GE's Energy Storage business
GE Energy Storage, a unit of GE Transportation, works to enable safer, efficient and cost effective storage, distribution and utilization of energy where it's needed and when it's needed. As a global technology leader and supplier of advanced battery energy storage systems, we provide DurathonTM battery modules and complete energy storage solutions to the Telecom, UPS, Energy Management, Power Generation, Grid Operation, and Motive power industries. GE Energy Storage is headquartered in Schenectady, New York, USA. To learn more, please visit: www.geenergystorage.com.
GE (NYS: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE Transportation
GE Transportation, a unit of GE (NYS: GE) , solves the world's toughest transportation challenges. GE Transportation builds equipment that moves the rail, mining and marine industries. Our fuel-efficient and lower-emissions freight and passenger locomotives, diesel engines for rail, marine and stationary power applications, signaling and software solutions, drive systems for mining trucks, energy storage systems, and value-added services help customers grow. GE Transportation employs approximately 12,000 employees worldwide. For more information visit the company's website at www.getransportation.com.
1 Nogee, Allen. (2009) "Green Base Stations: Renewable Energy Becomes Reality in Cellular Infrastructure," In-Stat In-Depth Analysis, 1- 4.
Tel: +1.212.716.8976 (office)
Tel: + 1.347.712-0424 (cell)
Tel: +1.814.875.3457 (office)
Tel: +1.970.227.6428 (cell)
KEYWORDS: United States North America Connecticut New York
The article GE Announces $63 million in New Orders for Breakthrough Battery originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.