GE Partnerships Promote Energy Neutrality & Combat Water Scarcity

(Oct. 29, 2015) – To celebrate the 10th anniversary of GE's Ecomagination initiative, GE has announced a multitude of partnerships to accelerate innovation in water and energy efficiency. Three of those partnerships involve GE helping to solve global water challenges through energy neutrality and combating water scarcity.

MWH Global:

GE and MWH Global, an engineering, consulting and construction firm, will work together to develop new water reuse and energy-neutral wastewater projects using innovative business models and to convene stakeholders in order to share information on the benefits of these new approaches. This partnership will bring together a an offering of water treatment equipment and energy recovery systems from GE, coupled with the delivery portfolio of MWH Global that spans planning and design through construction and asset operation. Through a shared commitment to technology-focused solutions, the partners will advance energy-neutral wastewater, both direct and indirect reuse, and creative solutions that produce the new water and energy necessary to meet the expansion of their industries, cities and growing populations.

Goldman Sachs:

GE and Goldman Sachs will work together to identify new opportunities to deploy capital and develop innovative financing models for water projects around the world. In many markets, aging or inadequate water and wastewater infrastructure are potential risks to sustainable growth efforts, but there is a compelling opportunity to harness financial markets to address these challenges. This partnership will combine GE technical and business model innovation with Goldman Sachs leadership in global investment banking, securities, and investment management and financial services to identify and deploy global water infrastructure projects, and where relevant and appropriate, they will explore more creative financing models and structures to promote water reuse and energy-neutral wastewater for these projects.

Masdar:

Through their Ecomagination 2020 Partnership, GE and Masdar will work together to implement an energy-neutral wastewater treatment process, employing GEs portfolio of energy neutral products. The project will serve as an industrial demonstration of this process. The partners will deploy the demonstration in Abu Dhabi, after which GE and Masdar will scale the solution across the region, helping to reduce the carbon footprint of wastewater treatment and to expand the availability of treated water for reuse.