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GE Shakes Up Management Ahead of Renewable Energy Spinoff - Barron's

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GE Shakes Up Management Ahead of Renewable Energy Spinoff | Barron's

GE Shakes Up Management Ahead of Renewable Energy Spinoff

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General Electric has completed the management team for its power generation business, due to be spun out as a separate company in just a few months.

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Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

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