During a recent tour, General Electric showed off a slew of manufacturing and production innovations aimed at staying competitive in one of its core businesses.
Power turbines may be a mature business, but they are also a booming one. This year General Electric received record orders for jet engines, and because natural gas is currently cheap, worldwide demand is increasing for gas turbines used in power plants, says Jeffrey Immelt, GE's chairman and CEO. To compete, the company is introducing new products based on innovations such as improved composites for fan blades and resilient alloys that allow for high-temperature, efficient operation. But at least as important from a competitive perspective are advances in the technology used to make turbines, which can lower costs and make new designs possible.
Source: http://feeds.technologyreview.com/click.phdo?i=816faf4ea69c9c423eaf3948728b76d2
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