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Because renewables, like wind and solar, and thermal power generation are completely different technologies. There is very little in the way of transferrable k
by chroem- 9y ago
Because renewables, like wind and solar, and thermal power generation are completely different technologies. There is very little in the way of transferrable knowledge and manufacturing tooling between the two.
- beckler 9y agoAlso the margins on renewables are quite thin due to competition and recent innovation in that space.
- nielsbot 9y ago...Leading to thin margins on non-renewables (hence the layoffs?)
- beckler 9y agoGE Power's bread and butter is gas turbines, and the margins there are strong. As long as natural gas stays cheap, there is usually demand for turbines. Renewables have obvious issues, which is mostly around demand and load. Like solar can't supply power in the evening. GE's problem stems from foreign competition where growth is. I'm oversimplifying here, but an example would be China pumping infrastructure into Africa. GE can't win in those markets because China can undercut and they don't have the same regulations that the US has.