|Founded||2008 (as GE Energy)|
2012 (as GE Power & Water)
|Scott Strazik (CEO)|
|Products||Engines, Turbines and Generators|
Measurement and control systems
|Subsidiaries||GE Hitachi Nuclear Energy|
As of July 2019, GE Power is divided into the following divisions:
|Revenue||US$37.1 billion (2009/10)|
Number of employees
|Approximately 82,000 (2011)|
|Divisions||GE Energy Management|
GE Oil and Gas
GE Power and Water
In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure division. Before this reorganization, GE had nine decades of history in industrial power production  including building a record-capacity three-phase generator for Niagara Falls in 1918  and installation of generators at the Grand Coulee Dam in 1942.
In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would be broken into three new GE businesses consisting of the following divisions:
After lengthy negotiations, on 2 November 2015, GE finalised the acquisition of Alstom's power generation and electricity transmission business, that were integrated into GE Power & Water. Later, the newly acquired Hydro and Wind business of Alstom, together with GE's own Wind Energy division, were spun-off to create a new subsidiary called GE Renewable Energy.
In 2015, GE Power garnered press attention when a model 7FB gas turbine in Texas was shut down for two months due to the break of a turbine blade. This model uses similar blade technology to GE's newest and most efficient model, the 9HA. After the break, GE developed new protective coatings and heat treatment methods. Gas turbines represent a significant portion of GE Power's revenue, and also represent a significant portion of the power generation fleet of several utility companies in the United States. Chubu Electric of Japan and Électricité de France also had units that were impacted. Initially, GE did not realize the turbine blade issue of the 9FB unit would impact the new 9HA units.
Forced by a wave of very negative financial results, the company went through a series of disinvestments and reorganization in 2017.
In May 2017, GE Oil & Gas was combined with Baker Hughes Incorporated to create Baker Hughes, a GE company (BHGE), a new tier-1 business inside the parent group.
In June 2017, GE Energy Connections merged again with GE Power & Water, to become the present GE Power. The new combined business unit is led by Scott Strazik.
In 2019, in a strategic realignment to cut costs and satisfy the surging demand in the renewable power market, it was decided to merge the Grid Solutions portfolio into the Renewable Power business. That move took GE assets on electrical transmission grids, battery storage and solar inverters away from GE Power.
In June 2019, GE Steam Power started manufacturing half-speed steam turbines for the four Rosatom VVER-1200s being built at Akkuyu Nuclear Power Plant, Turkey's first nuclear power plant. This is part of a joint venture established in 2007, between General Electric and Rosatom subsidiary Atomenergomash, called AAEM Turbine Technology, to supply equipment for VVER nuclear power plants. The joint venture includes the manufacture of heat exchange equipment in Russia. GE has installed about half of all nuclear power plant steam turbines around the world.