New Oriental Education & Technology Group Inc
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Consumer Discretionary : Diversified Consumer Services |
Based in ChinaCompany profile

New Oriental Education & Technology Group Inc. is a provider of private educational services in the People's Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour. The Company offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the People's Republic of China and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

Closing Price
$108.26
Day's Change
-8.30 (-7.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
121.40
Day's Low
107.86
Volume
(Heavy Day)
Volume:
2,556,202

10-day average volume:
1,047,068
2,556,202

GE Expands SF6-free High-Voltage Product Portfolio to Help Cut Global Greenhouse Gas Emissions

6:00 am ET September 26, 2019 (BusinessWire) Print

GE Renewable Energy's Grid Solutions business (NYSE:GE) today announced plans to invest tens of millions of dollars to expand its range of sulfur hexafluoride (SF6)-free high-voltage substation equipment to include all key high-voltage levels by 2025. This is one of Grid Solution's biggest portfolio investments in years and will support customers in their efforts to reduce greenhouse gas emissions. GE is the leader in SF6-free high-voltage solutions with its Green Gas for Grid, or g(3) (pronounced "g"- cubed) offering. g(3) products feature the same high performance and compact dimensional footprint as traditional products, but with more than a 99% reduced global warming potential (GWP).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190926005188/en/

To transmit electricity safely across the grid from point of generation to the end consumer, substations are used to help transform voltage levels from high to low or vice-versa, and to secure and dispatch the power flow. Due to its strong insulating properties, SF6 is widely used in substation equipment such as switchgear and instrument transformers, with the transmission industry accounting for approximately 80% of the world's usage. However, this potent greenhouse gas is estimated to contribute 23,500 times more emissions than CO in the event of a leakage and can remain in the atmosphere for up to 3,200 years.

Eighteen of the 19 warmest years on record have occurred since 2001, driven in large part by greenhouse gases. By offering SF6-free solutions, GE is actively helping customers and countries meet their goals to drastically reduce emissions set by the Paris Climate Agreement as a global response to curb the impact of climate change and limit the overall planet's warming to well below 2 degrees Celsius.

"We believe it is our responsibility to lead by example," said Reinaldo Garcia, CEO of GE's Grid Solutions. "It is critical for us to advance tangible solutions to minimize greenhouse gas emissions. I am proud that g(3) is one of the leading solutions in the Grid Solutions' portfolio to help our customers navigate this journey to lower emissions."

By 2025, GE's Grid Solutions will offer SF6-free gas-insulated substations up to 420 kV, dead tank and live tank circuit breakers up to 550 kV, as well as instrument transformers up to 420 kV. To see GE's planned g(3) portfolio until 2025, click here. Currently, GE's g(3) products are type-tested and available for live tank circuit breakers and gas-insulated substations up to 145 kV, gas-insulated lines (GIL) up to 420 kV and instrument transformers up to 245 kV.

"GE has been at the forefront of developing new technologies that will help transform the electric transmission and distribution industry and also help our customers positively impact the communities around them," said Vera Silva, Chief Technology Officer at GE's Grid Solutions. "By expanding our g(3) offering to all key high-voltage applications, we're helping businesses meet and act on the environmental challenges facing our planet."

Since the first pilot installation of a g(3) 420-kV GIL by UK's National Grid in 2017, 15 other leading utilities have chosen GE's g(3) equipment such as Scotland's SPEN and SSEN, Switzerland's Axpo, France's RTE and Germany's TenneT. By adopting this industry-leading SF6-free technology early on, these 16 utilities have avoided the installation of more than 386,000 tons of CO2 equivalent on the grid.

For more information on GE's high-voltage g(3) substation equipment, visit our website.

Click here for GE's g(3) interactive application.

Notes to Editors:

About GE Renewable Energy

GE Renewable Energy is a $15 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons.

Follow us at www.ge.com/renewableenergy, on www.linkedin.com/company/gerenewableenergy, or on www.twitter.com/GErenewables

About GE's Grid Solutions

Grid Solutions, a GE Renewable Energy business, serves customers globally with over 17,000 employees in approximately 80 countries. Grid Solutions helps enable utilities and industry to effectively manage electricity from the point of generation to the point of consumption, helping to maximize the reliability, efficiency and resilience of the grid. For more about GE Renewable Energy's Grid Solutions business, visit https://www.gegridsolutions.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20190926005188/en/

SOURCE: GE Renewable Energy

For more information, contact:
Mia Nielsen
GE Renewable Energy, Grid Solutions business
Communications Leader
+33 (0)6 22 56 07 46
Mia.Nielsen@ge.com 



For more information, contact:
Allison J. Cohen
GE Renewable Energy, Grid Solutions business
External Communications Manager
+972-(0)54-7299742
allison.j.cohen@ge.com

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