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GE Technology. Economics of scarcity…. Guillermo Wille. 29 th October 2009. GE Capital. Energy Infrastructure. NBC Universal. Technology Infrastructure. Consumer & Industrial. This is GE. Operating in 100+ countries 300,000+ employees $183 B revenue in ’08
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GE Technology Economics of scarcity… Guillermo Wille 29th October 2009
GE Capital Energy Infrastructure NBC Universal Technology Infrastructure Consumer & Industrial This is GE • Operating in 100+ countries • 300,000+ employees • $183B revenue in ’08 • Manufacturing facilities in 30+ countries • Broad Portfolio Media
Global trends and challenges ….. Higher electricity demand, water scarcity, lack of accessible & affordable healthcare Population Heightened concerns Security Driving today’s and tomorrow’s decisions Environment
Global trends Global growth Oil prices Water scarcity Regulations TomorrowChina India TodayUS EU Japan GDP $B 20002050* US $10B $35B China $1B $44B India $.5B $28B 2008>$60/bbl 1999$12.50/bbl 203040% scarcity 200510% scarcity China 44x U.S. 4x India 60x 5x… volatility continues Impacts 2B people Increasing measures, countries Technology is the answer *Source: Goldman Sachs Oil Source: NYMEX Future Prices April 15, 2008
Healthcare trends Aging populations Developing markets Treatment costs U.S. Population65+ 200035 million 203572 million China India S. America …and more Breast cancer Early stage $10-15K Late stage$60-145K 20% by 2035 Rural & low-cost needs Early detection critical Technology is the answer
What it means for GE? FROM TO Predict, diagnose, treat, monitor & inform Healthcare See and treat Abundant & cleaner sources, Smart Grid Energy, Oil & Gas, Water Scarcity Breakthroughs in efficiency, emissions & noise Aviation & Transportation Steady progress Appliances, Lighting, Industrial, Sensing Step-change in efficiency, cost & performance, Smart appliances Commodities … all require innovation
Global Research Center Schenectady, USA John F. Welch Technology Center Bangalore, India • China Technology Center • Shanghai, China Global Research – Europe Munich, Germany Globally distributed innovation • 34,000 GE technologists worldwide • GE technology spend: ~$6B
Electrical Engs Physicists Sustainable Energy Biologists Material Scientists Biomimetics Advanced Propulsion Innovation Computer Scientists Mechanical Engs Chem/bio Detection Molecular Imaging Nanotechnology Chemists Mathematicians Innovation is in our DNA • Long history of innovation - 70,000 patents to date • Filed over 2200 patents in 2008 Innovation occurs at the intersection of disciplines
Leveraging innovation across GE imaging & analysis DigitalX-ray Phased arrayultrasound Eddy current Imageprocessing Opticalmetrology Thermography Healthcare Aviation Energy Water Oil & Gas Security
What is GE focusing on? • Ecomagination Healthymagination Partnerships
Double our research investment • Introduce more ecomagination products • Reduce greenhouse gas emissions • Make customers true partners • Keep the public informed
Locomotives • Trip optimization control • Unique GE battery chemistry • NOx and CO2 reduction • Higher fuel efficiency
Green energy solutions Fuel Flex capability • Bio-methenation • Waste gasification • Blast furnace gas • Wood Pyrolysis
GE Water & Process Technologies Water Process Chemicals Services Sensors Instruments Separation Technology Drinking Water Waste Water Utility Water Ultra Pure Water Desalination Containerized Systems Infrastructure Projects Industrial Waste Water Treatment Waste-to-Energy Hybrid Desalination Solutions
Launch 100+ product innovations at lower cost Increase access and improve quality of care Better employee health through “Healthy Worksite”
Innovation • Portable “at bedside” ultrasound with exceptional image quality • System of choice for needle-guidance and quick diagnostics • Lower cost than current compact ultrasound
Accessibility • Ultra portable ECG • 100 ECGs per battery charge • Lightweight (1.2kg) • One touch operation • Easy diagnosis • Lullaby infant warmer • Reduce infant mortality • Accessible / Lower cost
State of Bavaria Connecting with the world’s technology Universities Governments Customers Other Companies
Partnershipapproach with Mubadala We are creating a carbon-neutral future with Masdar City • Zero waste • Car-free • Carbon neutral • Renewable energy • Research center • University • Strong, existing relationship • Emerging market • Diversified needs • Mutual interest in clean technology • Increased access to region
The road ahead….. • Reverse Innovation • Innovative solution delivery mechanisms • Solutions v/s products • Partnering with Govt. communities and academia Affordable clean Energy, Water & Healthcare for all 20 GE Company Proprietary