Thread regarding General Electric Co. layoffs

GE and MHI will both be without seats in the North American market soon enough. With major democrat candidates vowing to end the fossil turbine industry like they ended the coal plant industry, the writing is on the wall. New EPA regs are already being drafted by them to address gas turbine emissions for the first time in over a decade. See the TCA team's email analysis from today for details.

We agree on that. So as Siemens moves to simply providing parts and services the competition for a lesser future is now between MHI and GE. The music is stopping and Siemens has found itself without a seat

Siemens Power was kicked out of Siemens because its returns were too low compared to the rest of the business (although currently making multiples of GE Power returns and rising) and therefore wasn't worth investing in.

GE had to double down on Power because anything that is valuable they need to sell to unwind poor decisions of the past. That is not a particularly good sign for the future.

The industry is in structural decline and, except for the final death of coal and the repowering that may bring, on the wrong side of history at this point.

You're right. Siemens will still sell shinny stuff but inside of two years large, risky new products will be no more. This is good news for GE Power.

I think you are misusing the term 'new unit business'.

It means selling new turbines, whether of recent or ancient design. All companies will continue to sell their existing products.

Siemens are about to ship/fire their first HL turbine and that will happen. Both 50 and 60Hz versions have been sold and will be built.

Now whether anyone has a true new generation after the HL/HA.03/JAC is very much up in the air. Decarbonization together with the ever less favorable physics and increasing cost makes it likely that the existing models will be upgraded rather than returning to a clean sheet.

That is true for all three major producers, not just Siemens.

You can be taught! Good for you. To edify your thinking, look where innovation has been in the auto industry lately. Not from Ford and GM but from privately owned shops like Roush and Tesla. Publicly owned companies, especially one's in narrow markets, have a hard time innovatiing. Investors insist on milking them for cash flow. Any investment that is hard to explain, has a payoff longer than two years or is the least bit risky gets sht canned.

Siemens is out of the new unit business.

So a company with mid $20sB in sales with several years of backlog can't fund itself?

This probably coming from an employee of a company that is $10s of billions behind on its pensions and wrote off $20+B?

With a share price historically low and that is currently selling all the family silver?

But GE can?

Sorry doom and gloomers. No one's going to finance Siemens new units. Maybe that is why this article just came out, https://www.barrons.com/articles/siemens-is-spinning-off-its-power-unit-ge-merger-51557404790

The amount of stupidity in this post is unreal.

The MHPS link up is not going to happen. The company will be standalone.

It is dreary to tell your name the livelong day.

Hi, Sherlock. Find your delta neutral formula before do the fundamental analysis.

Sorry doom and gloomers. No one's going to finance Siemens. Maybe that is why Mitsubishi Heavy Industries Ltd. is in talks with Siemens AG on a possible combination of the German company’s large gas turbine business with its own operations, according to people familiar with the matter.

The fact is, you're in a dying industry.

"GE Titanic" is correct . Bad news - Captain Immelt rescued himself in the one and only lifeboat onboard.

Power is sinking fast - the best rescue captain Rice can do is prepare the best way to cut it off the mother ship.

Even worse , the choir boy - Renwable energy - is cruising fast to the next iceberg

Yeah, imagine a slimmed down racing boat competing against the GE Titanic in a powered regatta. That's about what this will be.

what?, best news for Power? this would imply that the spin-off business may be in an even better position to compete against GE.

How does this put them out of the new unit business exactly ?

GE to follow? Stupidity.

This is the best news to hit GE Power in quite some time. Siemens Power is now out of the new unit business. No investor would do a new unit except for the most obvious, no risk project.