GE to Invest $200M in Indian Wind Turbine Manufacturing
GM recently announced that it plans to set up a greenfield facility to better manufacture turbine components for the Indian Wind Turbine market by 2016.
GE officials of the renewable energy consulted with Indian suppliers to potentially provide components for the wind power units. Since GE will import electrical components of wind turbines to India, it also has the opportunity to partner with local suppliers in providing other manufacturing components necessary to the turbine structure, including blades. According to BusinessLine, GE also plans to develop and subsource gear boxes.
GE has more opportunity to successfully compete with local manufacturers in India, particularly Suzion Energy, a leader in the Indian market. By localizing manufacturing, GE can access technology suitable for full potential to provide wind energy in various areas of the country.
High efficiency technology is necessary since high-wind-speed sites have been exhausted, leading project developers to introduce projects at low-wind-speed sites.
With the launch of the National Wind Energy Mission (NWEM), a promotion of investing to creating a culture in which wind turbines are just as profitable as the high-profile solar mission, the demand for wind turbines will significantly increase, creating a competitive atmosphere for wind turbines.
“NWEM would strengthen a grid infrastructure for power, identify high wind power potential zones, ease land clearance for projects, regulate wind power tariff and incentivize investment in the wind sector,” according to the Indian Times.
Although solar wind just made its appearance in India 4 years ago with the national solar mission, India is now the fifth largest producer of wind power in the world.
Vice President, global supply chain for GE’s renewable energy business rated “India is a big growth market and ability for local supply chain is critical. I am impressed with technological competitiveness in the Indian supply base to identify solutions that give greater product performance and cost effectiveness.
GM-backed Cruise robotaxis to operate in Dubai from 2023
Futuristic-loving Dubai is teaming up with General Motors to introduce Cruise self-driving taxis in the city from 2023 and become the first to operate the vehicles outside the US.
It plans to ramp up the vehicles, which have been operating in San Francisco, to 4,000 cars by 2030.
In a statement, it said the move supports Dubai’s 2030 vision for self-driving technology, as the emirate seeks to reduce transportation costs by AED900 million a year and save AED1.5 billion a year by reducing environmental pollution by 12 per cent.
It added that it would generate AED18 billion annually by increasing the efficiency of the city's transport sector.
Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the RTA, saidt he selection of Cruise was not taken lightly and it engage in a comprehensive, multi-year process to choose the best possible partner.
"Cruise’s technology, resources, purpose-built vehicle, automaker partnerships, approach to safe testing and deployment and strategy give them the ability to launch safely and faster than any other company," he said.
Vehicles collect petabyte-scale data daily from sensors, complementing ML, AI and robotic technology.
In January, Cruise and General Motors entered into a long-term strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles, leveraging Azure, its cloud and edge computing platform (click here).
Microsoft will join General Motors, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion.
"Advances in digital technology are redefining every aspect of our work and life, including how we move people and goods,” said Satya Nadella, CEO, Microsoft. "As Cruise and GM's preferred cloud, we will apply the power of Azure to help them scale and make autonomous transportation mainstream."