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General Electric (GE) Arm Delivers HRSG Supermodules to Japan
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General Electric Company (GE - Free Report) unit GE Vernova’s Gas Power business recently transported and delivered the largest Heat Recovery Steam Generators (HRSG) Supermodules from South Korea to Japan. The HRSG will be planted at Chiba Prefecture (east of Tokyo) located at Goi Thermal Power Station.
The Goi Thermal Power Station is fueled by three GE 9HA.02 gas turbines. This LNG-fueled combined cycle power plant has an installed capacity of about 2,340 megawatts and is likely to begin commercial operation in 2024 in phases. GE also provided three HRSGs for the Goi power plant. These Supermodules, which are designed to withstand significant earthquakes, weigh about 2,500 metric tons each and are 43-46 m tall and measure almost like The Arc de Triomphe in Paris or a 15-floor building in height.
The pressure part modules of the HRSGs were constructed at General Electric’s Manufacturing facility in Changwon, South Korea, while the Supermodules were assembled in Tongyeong, South Korea. GE’s HRSGs use heat from the gas turbine exhaust to produce super-heated steam, which powers a steam turbine to generate a maximum of 50% more energy without any extra fuel.
GE collaborated closely with the Chiba Port office and the Japanese Coast Guard to deliver the Supermodules successfully. These HRSG Supermodules are designed to facilitate high output and efficiency for Tokyo’s increasing energy demands and land constraints. Also, the Goi Thermal Power Station supports Japan’s goal to reduce carbon footprint per unit of fuel.
Zacks Rank & Stocks to Consider
GE currently carries a Zacks Rank #3 (Hold). Some better-ranked companies are discussed below:
IR delivered a trailing four-quarter earnings surprise of 12.6%, on average. In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 7.5%. The stock has improved 17.4% in the year-to-date period.
Alamo Group Inc. (ALG - Free Report) currently sports a Zacks Rank of 1. ALG delivered a trailing four-quarter earnings surprise of 17.7%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 12.7%. The stock has gained 26.1% in the year-to-date period.
Axon Enterprise (AXON - Free Report) sports a Zacks Rank of 1, at present. The company has a trailing four-quarter earnings surprise of 44.4%, on average.
In the past 60 days, estimates for Axon’s 2023 earnings have increased 13%. The stock has rallied 16.5% in the year-to-date period.
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General Electric (GE) Arm Delivers HRSG Supermodules to Japan
General Electric Company (GE - Free Report) unit GE Vernova’s Gas Power business recently transported and delivered the largest Heat Recovery Steam Generators (HRSG) Supermodules from South Korea to Japan. The HRSG will be planted at Chiba Prefecture (east of Tokyo) located at Goi Thermal Power Station.
The Goi Thermal Power Station is fueled by three GE 9HA.02 gas turbines. This LNG-fueled combined cycle power plant has an installed capacity of about 2,340 megawatts and is likely to begin commercial operation in 2024 in phases. GE also provided three HRSGs for the Goi power plant. These Supermodules, which are designed to withstand significant earthquakes, weigh about 2,500 metric tons each and are 43-46 m tall and measure almost like The Arc de Triomphe in Paris or a 15-floor building in height.
The pressure part modules of the HRSGs were constructed at General Electric’s Manufacturing facility in Changwon, South Korea, while the Supermodules were assembled in Tongyeong, South Korea. GE’s HRSGs use heat from the gas turbine exhaust to produce super-heated steam, which powers a steam turbine to generate a maximum of 50% more energy without any extra fuel.
General Electric Company Price
General Electric Company price | General Electric Company Quote
GE collaborated closely with the Chiba Port office and the Japanese Coast Guard to deliver the Supermodules successfully. These HRSG Supermodules are designed to facilitate high output and efficiency for Tokyo’s increasing energy demands and land constraints. Also, the Goi Thermal Power Station supports Japan’s goal to reduce carbon footprint per unit of fuel.
Zacks Rank & Stocks to Consider
GE currently carries a Zacks Rank #3 (Hold). Some better-ranked companies are discussed below:
Ingersoll Rand Inc. (IR - Free Report) presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.
IR delivered a trailing four-quarter earnings surprise of 12.6%, on average. In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 7.5%. The stock has improved 17.4% in the year-to-date period.
Alamo Group Inc. (ALG - Free Report) currently sports a Zacks Rank of 1. ALG delivered a trailing four-quarter earnings surprise of 17.7%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 12.7%. The stock has gained 26.1% in the year-to-date period.
Axon Enterprise (AXON - Free Report) sports a Zacks Rank of 1, at present. The company has a trailing four-quarter earnings surprise of 44.4%, on average.
In the past 60 days, estimates for Axon’s 2023 earnings have increased 13%. The stock has rallied 16.5% in the year-to-date period.