GE’s order backlog grew to $319bn in the third quarter of this year, up 18% on its year-ago performance.
The US company said some $243m of this related to its industrial services divisions which includes GE Renewable Energy.
This was the division’s “single largest services backlog quarter ever”, according to GE.
“GE had a good quarter in a slow-growth environment,” said chief executive Jeff Immelt.
“Globally, growth continues, but at a low level. There is sufficient opportunity out there to achieve our goals, but we plan to control our costs even tighter as we navigate this environment.”
GE also highlighted its recent agreement to acquire blade manufacturer LM Wind Power.
“These kinds of deals also offer opportunities to enhance wind turbine performance and efficiency with software and other technology, ultimately adding flexibility and reducing energy costs for customers,” it said.
Image: GE
GE books order windfall
Wind turbine business contributes to largest quarterly backlog of $319bn
By EBS