A lot of people hope they close both plants. No more 2 pay scales no more crying like a little kid. I herd the new plant manager in Schenectady closed 2 facilities in upstate already. Looks like Schenectady is in trouble! They worked themselves out of work.
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"so there will continue to be demand for GT's"
No one is saying the plants that have been built will all suddenly mothballed. What people are saying is that the current GT capacity is enough. In fact looking at our spare part demands, it's more than enough. People just aren't firing them. Renewables can be backstopped by what exists today. The cash flow from parts is dying. New unit orders are dwindling.
This switch isn't something that will happen over the next ten years. It's something that has happened over the last ten years. You just weren't paying attention.
Kodak is the right analogy.
As long as stator frames are getting dropped off, we are not going anywhere. I saw a guy using the new bar machine tonight, yes, it may be a little slow, but other countries like the mega deal will be coming, everyone wants to be on the internet now, wind can’t always work in certain parts of the world....
@SWNK4sB-1ibf - not denial but context. I know about disruptive technology, I have been an engineer for nearly 40 yrs and watched Xerox, Kodak, IBM and many others fail as a result of denial or more accurately unwillingness to make hard decisions to address change. My objection was to the OP stating both Schenectady and Greenville factories were both closing due to 0 demand-that is fake news.
Yes SV cost is dropping but Moore's law has nothing to do with it. Renewables are transient even with batteries which can load balance for relatively short periods. Bottom line is you will still need Gas, Nuclear plants to back stop so there will continue to be demand for GT's and other fossil fuels.
And it is always harder to be kind than clever.
Name a success business with negative cash flow. Please do not say Amazon.
Idiots who deny the success of renewables have led to GE powers demise
Renewables are more for image than profit.
No fake news...just denial.
Google disruptive technology to see how AT&T, Kodak, Borders etc etc denied the economic reality till it was too late.
Solar PV generation is already cheaper than CC gas - without subsidies. Battery storage will make them dispatchable. GE is betting big on battery storage, but Auto industry will drive prices (pun intended).
Gas, coal, nuclear - all need fuel. Solar, wind have no fuel cost. You can't compete with free. When rooftop solar costs with battery storage are less than transmission costs of existing utility, it is game over.
The way costs of solar and battery are dropping, per Moore's law, that day is not too far out.
When that happens, people will gradually cut the wire, like they have done with long distance and land lines.
Fake News. This poster seems to believe the world will run solely on Renewables yet fails to mention the sun doesn't always shine and the wind can fail to blow, not to mention is best is the mid-west and demand is hundreds if not thousand of miles away. Also, no forecast shows anything other than Gas remaining stable or growing in the next 20+ yrs. We will still build gas turbine, less steam turbines so expect factory consolidation but not the closing of Greenville & Schenectady.
Stan’s the Man if he can’t shut it down no one can.
Can't wait!!!!
herd
Not defending the statement by any means. Just a stating that the battery plant was failing long before Stan got there.
A lot of blame to go around........couldn't believe the attitude of "some" of the lifers ........ I came to do
an honest full days work............you get what you deserve
The hr person who laid me off was laid off herself a few months later. The ones doing layoffs in Schenectady aren’t safe either
I hear the fish are biting and there are some new video games out.
Yes...exactly...PACKAGE. Pay me to stay home, while tier 2 gets to hang around to get a pink slip. Hurt me some more.
The only ones crying are gonna be tier 1. The Day of Reckoning is coming! That look on their faces when the packet gets slid across the table with their # on it. The supervisor tells them thank you for your service and by the way hold your head up, just think of all the jobs you saved and created when you voted the tier system in. You get up and walk out the door while the supervisors grin and laugh thinking can you believe these idiots actually drank the cool aid.
No