Local firms can benefit from GE’s energy tech center

Home > Business > Industry

print dictionary print

Local firms can benefit from GE’s energy tech center


John Rice

General Electric opened an energy technology center in Pangyo, Gyeonggi, yesterday to share tips on efficient energy use with local companies and seek ways to further develop them.

The center will also design processes that allow a more effective use of natural resources so that energy companies’ portfolios can be monitored by GE’s control solutions system.

“In the future, the best global companies will be the ones that link their innovation processes that transmit good ideas between countries and establish capabilities based on those ideas, wherever they need to be,” said John Rice, vice chairman of GE, at the press briefing at the center.

“We’ll use this center as a platform for innovation and collaboration so that the story ends up being about how the work here will be plugged into a global innovation framework, and how we will continue to develop partnerships with key Korean companies.”

GE is set to invest $3 million by 2017 in the center and expand its 250 researchers there to 400.

It says the center will work with any Korean company that is in need of solutions regarding the control system, but it is especially targeting power plant construction companies and petrochemical firms.

“As GE’s research center in Canada focused on solutions for heavy oil drilling, and one in Houston focused on systems for traditional gas, the Korean center will focus on plant construction and offshore drilling as Korea is considered one of the top players in those two industries” said Gong Sung-do, president of GE Energy Korea.

The company is also set to open another center in Saudi Arabia later this year.

“We [use these centers] as a way to learn about how innovation takes place, and how we can combine our efforts with local customers to develop better solutions,” said Rice.

By Lee Sun-min [summerlee@joongang.co.kr]

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now