l’alta efficienza delle turbine aeroderivate ge al ...€™alta... · 50 hz portfolio by rating...
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Confidential. Not to be copied, distributed, or reproduced without prior approval.
L’alta Efficienza delle Turbine AeroderivateGE al Servizio dell’Industria Cartaria
Patrizio Prunecchi – Sales Director GE PowerDino Pezzella – Senior Sales Manager GE Power
May 9, 2018
GE Power
Powering the Futurewith Gas Power Systems
3
GE of the Future
Focused Portfolio of Industrial Businesses: Smaller, Simpler, Best-in-Class, Essential for Modern Life
Built-for-the-Future Capabilities
Additive R&DDigital Culture
Industrial domain experience + digital expertise
Global ScaleReinvigorate culture built on
125 years of reinvention
Focused end markets + Competitive strengths = Investor performance
Power the World Transport People Safely Save Lives
• Powering more than 30% of the world’s power
• ~1,600 GW installed capacity
• Expansive global reach … >140 countries
• Equipping 90% of transmission utilities worldwide
© 2017 General Electric Company. Proprietary. All Rights Reserved.
AUTOMATION & CONTROLS
GASPOWER
SYSTEMS
GRIDSOLUTIONS
GE HITACHI NUCLEAR ENERGY
POWER CONVERSION
POWER SERVICES STEAM
POWER SYSTEMS
INDUSTRIAL SOLUTIONS
The NEW GE Power
Being divested Target close date 2018-a)
(a- Subject to customary closing conditions, including approval by regulators
© 2018 General Electric Company - All rights reserved
Our global installed base
5
~5,900Gas turbines
~1,600Aeroderivative
gas turbines
~9,900Generators
~300Heat recovery
steam generators
~1,000Boilers
~2,600Utility steam
turbines
~3,400Industrial steam
turbines
of installed capacity …Equivalent power needed to supply ~1.5B homes~1,600 GW ~28,000
power generation assets globally … The world’s largest installed base
© 2018 General Electric Company - All rights reserved
© 2018 General Electric Company - All rights reserved
Portfolio by rating
ENGLISH!!!
9HA.02
9HA.01
9F.05
9F.04
9F.03
GT13E2
9E.04
9E.03
LMS100
6F.03
LM9000
LM6000
6F.01
6B.03
LM2500
TM2500
557 MW
446 MW
314 MW
288 MW
265 MW
210 MW
145 MW
132 MW
117 MW
87 MW
75 MW
57 MW
57 MW
44 MW
34 MW
34 MW
50 HZ portfolio by rating
7HA.02
7HA.01
7F.05
7F.04
LMS100
7E.03
6F.03
LM9000
LM6000
6F.01
6B.03
TM2500
LM2500
384 MW
290 MW
243 MW
198 MW
117 MW
91 MW
87 MW
8 75 MW
57 MW
57 MW
44 MW
36 MW
36 MW
60 HZ portfolio by rating
H-CLASS
F-CLASS
B- and E-CLASS
AERODERIVATIVE
6
© 2018 General Electric Company - All rights reserved
Plant equipment portfolio
E-RoomsPlant DCS … control and digitalMV/LV distribution equipment
GCB, power transformers ...
Combined cycle steam turbines80-700 MW, axial, lateral
Heat recovery steam generatorsOnce-through, horizontal, vertical
CondensersFor horizontal and vertical ST exhausts 25 MWth ... >1000MWth
Bottoming cycle Mechanical BoP Electrical BoP
PumpsBFW pumps … MW scaleCritical pumps … 100s kW scale
7
8
Expanding the GE Offering
Best steam cycle… adds 20%+ pts to eff.
Grid Solutions
GE contribution
Alstom contribution
Cycle time for quicker power• Modular power island
configurations
• Scalable global project capability
CREATING MORE VALUE
Combined cycle performance• Broader gas turbine
portfolio
• Bottoming cycle optimization
SCOPE
TURNKEY PLANTPOWER ISLAND ENGINEERED EQUIPMENT PACKAGEEQUIPMENT ONLY
Better customer outcomes ... increased growth opportunities9HA Gas Turbine Solutions May 9, 2018
© 2017, General Electric Company. Proprietary information. All rights reserved.
Confidential. Not to be copied, reproduced, or distributed without prior approval.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS:
This document contains "forward-looking statements" – that is, statements related to future
events that by their nature address matters that are, to different degrees, uncertain. For details
on the uncertainties that may cause our actual future results to be materially different than
those expressed in our forward-looking statements, see
http://www.ge.com/investor-relations/disclaimer-caution-concerning-forwardlooking-
statements as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We
do not undertake to update our forward-looking statements. This document also includes
certain forward-looking projected financial information that is based on current estimates and
forecasts. Actual results could differ materially. to total risk-weighted assets.]
NON-GAAP FINANCIAL MEASURES:
In this document, we sometimes use information derived from consolidated financial data but not presented in our
financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of
these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission
rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an
alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations
to their most directly comparable GAAP financial measures are posted to the investor relations section of our
website at www.ge.com. [We use non-GAAP financial measures including the following:
• Operating earnings and EPS, which is earnings from continuing operations excluding non-service-related pension
costs of our principal pension plans.
• GE Industrial operating & Verticals earnings and EPS, which is operating earnings of our industrial businesses and
the GE Capital businesses that we expect to retain.
• GE Industrial & Verticals revenues, which is revenue of our industrial businesses and the GE Capital businesses
that we expect to retain.
• Industrial segment organic revenue, which is the sum of revenue from all of our industrial segments less the
effects of acquisitions/dispositions and currency exchange.
• Industrial segment organic operating profit, which is the sum of segment profit from all of our industrial segments
less the effects of acquisitions/dispositions and currency exchange.
• Industrial cash flows from operating activities (Industrial CFOA), which is GE’s cash flow from operating activities
excluding dividends received from GE Capital.
• Capital ending net investment (ENI), excluding liquidity, which is a measure we use to measure the size of our
Capital segment.
• GE Capital Tier 1 Common ratio estimate is a ratio of equity
L’alta efficienza delle turbine aeroderivateGE al servizio dell’industria cartariaMay 9, 2018
Confidential. Not to be copied, distributed, or reproduced without prior approval.
Industria Cartaria in Italia - Panorama
May 9, 2018 10
Una Grande Opportunità
• L’Industria Cartaria italiana si colloca al quarto posto in Europa dietro Germania, Svezia e Finlandia
• Cresce l’export….+8,5% carte per usi grafici (+8,5%) e +3,5% packaging
• Utilizzo di materie prime rinnovabili e altissima capacità di riciclo….80% riciclo negli imballaggi….60% di materia prima principale è costituita dalla carta da riciclare
• Le dinamiche del mercato (on line shopping, fast food, food take-away) richiedono più carta per imballaggio (+1,8 % primi 8 mesi 2017)….il riciclo pertanto aumenterà
• Le nostre aziende si stanno preparando al cambiamento
• Gli investitori stranieri espandono o avviano nuove realtà produttive
• La competitività….passa dalla riduzione degli alti costi energetici
Confidential. Not to be copied, distributed, or reproduced without prior approval.
Industria Cartaria in Italia – Bertonico Lodigiano
May 9, 2018 11
Bertonico, una maxi-cartiera sull’area ex Gulf
• Eren Holding, uno dei colossi economici turchi, costruirà una nuova cartiera nell’area dove sorgeva la raffineria Sarni-Gulf di Bertonico
• La capacità della cartiera sarà di ~500mila ton/anno di cartone ondulato…a fronte di 650 milioni di Euro di investimento
• Garantirà 600 posti di lavoro al completamento, 400 posti per il primo lotto (2 anni) e altri 200 pesti entro i prossimi 5 anni
• Pieno supporto delle maestranze che vedono la grande opportunità di creare nuovi posti di lavoro e dar lavoro alle aziende lodigiane nella realizzazione dei capannoni….una boccata d’ossigeno per un territorio con al disoccupazione al 7,4%
• Eren stà lavorando per ottenere la necessarie autorizzazioni entro il 2018 e ottimizzare il consumo e il costo energetico
https://www.ilcittadino.it/cronaca/2018/03/01/cartiera-entro-un-mese-il-progetto-ma-il-via-libera-arriver-da-roma/whBu7IF0I5MngDt2iXdnx3/index.htmlhttps://www.ilcittadino.it/cronaca/2017/10/18/la-cartiera-a-bertonico-porter-tra-900-e-1200-posti-di-lavoro/23BdFfWvZCk6BgkQykLlx3/index.htmlhttp://milano.corriere.it/notizie/cronaca/17_maggio_04/lodi-arrivano-turchi-pronti-650-milioni-un-immensa-cartiera-ac29f394-303d-11e7-a298-52518e2719d0.shtml?refresh_ce-cp
Confidential. Not to be copied, distributed, or reproduced without prior approval.
Cartiera di Bertonico – Scelta Soluzione Ottimale
May 9, 2018 12
Ricerca degli elementi che soddisfino l’equazione ambiente, investimento, profitto
• Convivenza tra industria e ambiente….basso impatto ambientale
• Bassissime emissioni in atmosfera….ampiamente < limiti di legge
• Altissima affidabilità e disponibilità della produzione di energia
• Soddisfare integralmente il fabbisogno energetico della cartiera
• Riduzione del costo dell’energia che grava sul prodotto finito
• Utilizzo di tecnologie collaudate e consolidate
• Facilità di utilizzo e flessibilità operativa
• Bassi costi d’investimento e di gestione
• Cogenerazione ad alta efficienza
• Eleggibile per certificati bianchi
Confidential. Not to be copied, distributed, or reproduced without prior approval.
Cartiera di Bertonico – Soluzione Ottimale
May 9, 2018 13
Alta Efficienza + Flessibilità + Valore Aggiunto = LM6000PF+ SPRINT®
• TURBOGAS di ridotte dimensioni e rumore….riduce l’impatto ambientale
• Ciclo manutentivo esteso (30k / 60k) con fermata annuale in ombra
• 99.8% Affidabilità e 98.2% Disponibilità dimostrate (ORAP)
• Tecnologia collaudata….prima turbina spedita il 16 Aprile 1992
• Prodotto di riferimento nll’industria cartaria
• Altissima efficienza con flessibilità operativa unica
• Recupero del degrado delle prestazioni contestualmente alle 30K e 60k
• Lease engine disponibile per limitare la fermata della cartiera
• Bassi costi di gestione, manutenzione e logistica
• Parti Turbina e Centro manutenzione in Italia (AVIO, Brindisi)
Confidential. Not to be copied, distributed, or reproduced without prior approval.
Turbine Aeroderivate GE nell’Industria Cartaria
May 9, 2018 14
Sono nate per volare, perché leggere e compatte….
……ma trovano spazio anche in cartiera, dove lavorano 24 ore al giorno ininterrottamente, abbinando elevati rendimenti elettrici e basse emissioni a costi di produzione molto bassi.
Confidential. Not to be copied, distributed, or reproduced without prior approval.
Turbine Aeroderivate GE
May 9, 2018Presentation Title 15
Confidential. Not to be copied, distributed, or reproduced without prior approval.
Turbine Aeroderivate GE
May 9, 2018 16
Il modello di business…..dai primi anni ‘70
LM =LandUnits
TM =MobileUnits
Con un costo limitato di R&S convertiamo un motore d’aero disuccesso in una turbina a gas industriale ad alta efficienza!
Al momento della sua «industrializzazione» il motore haaccumulato un enorme numero di ore di funzionamento concombustibile liquido
© 2012, General Electric Company. Proprietary information. All rights reserved.
17
© 2012 General Electric Company
LMS100100MW
CF6-80C2/E1A330/B747/B767LM6000*
LM2500
LM2500*+/G4
TF39/CF6-6C5/DC-10
40-55MW
18-24MW
28-34MW
62 GTGs570,512 OH
1,227 GTGs37,400,000 OH
2,468 GTGs94,100,000 OH
© 2012, General Electric Company. Proprietary information. All rights reserved.
18
Turbina Aeroderivata GE LM600018
Un successo che dura da 26 anni
Confidential. Not to be copied, distributed, or reproduced without prior approval.
LM6000 Operating Experience
May 9, 2018Presentation Title 19
© 2017 General Electric Company. Proprietary information. All rights reserved. Subject to restrictions on cover page.
LM6000 industrial fleet operating experience1
1 Estimated as of March 30, 2017
PF+ hours as of June 8, 2017
SAC engine first sale: 1991
DLE engine first sale: 1994
LM6000 fleet All SAC DLE
Total engines 1,277 856 421
Total operating hours (million) 37.4 25.8 11.6
Fleet leader engine hours 176,409 176,409 157,094
All PA PB
Total engines 160 140 20
Total operating hours (million) 10.3 8.8 1.5
Fleet leader engine hours 176,409 176,409 162,140
All PC PD PF
Total engines 942 703 239 157
Total operating hours (million) 25.5 16.9 8.6 1.5
Fleet leader engine hours 149,834 149,834 124,806 88,850
All PG PH PF+
Total engines 18 13 5 3
Total operating hours (thousand) 97.0 79.0 18.0 1.0
Fleet leader engine hours 20,920 20,920 7,660 1,011
© 2017 General Electric Company. Proprietary information. All rights reserved. Subject to restrictions on cover page.
LM6000 industrial SAC and DLE fleet experience121
Dry Low Emissions
SingleAnnular
Combustor
Fuel System Engines Hours
Gas
Dry 16 0.7 Million
Steam Injection 50 2.9 Million
Water Injection 416 11.5 Million
LiquidDry 8 0.3 Million
Water Injection 18 0.7 Million
DualDry 9 0.8 Million
Water Injection 335 8.9 Million
Fuel Engines Hours
Gas 388 11.1 Million
Dual 33 0.5 Million
1 Estimated as of March 30, 2017Does not include all lease or spare engines
© 2017 General Electric Company. Proprietary information. All rights reserved. Subject to restrictions on cover page.
LM6000 … Operational flexibility with demonstrated experience
248 LM6000 units reporting to ORAP® for 12 month period ending December 2016Source: ORAP®; All rights reserved: SPS®
Hours operated in prior 12 months
Sta
rts
in p
rio
r 1
2 m
on
ths
Continuousbase-load
Seasonal base-load
Mid-merit,quick dispatch,
load-following
Peaking
Dailydispatchbase-load
Unit with most hours in 20168678 hours = 98.8% availability
Proven baseload, continuous operation in demanding environments
Excellent start reliability!Top 63 percentile units had 100% start reliability in 17518 starts attemptedAll 248 units had a mean start reliability of 98.8% in 29934 starts attempted
© 2017 General Electric Company. Proprietary information. All rights reserved. Subject to restrictions on cover page.
• Aircraft engine andLM family experience
• Continuously working to enhance availability and reliability
• Lease engine and rotable component availability
• Aircraft enginemaintenance philosophy
Data through December 2016, Source: ORAP*; All rights to underlying data reserved: SPS*
Gas turbine and package
50th percentile
12 month rolling average
305 units reporting
SCP
GT Pkg BOP
Reliability and availabilityGas turbine + Package
23
99.8 99.7 99.8 99.8
98.3 98.3 98.2 98.2
90
92
94
96
98
100
Reliability AvailabilityDec-13 Dec-14 Dec-15 Dec-16
© 2017 General Electric Company. Proprietary information. All rights reserved. Subject to restrictions on cover page.
• Aircraft engine andLM family experience
• Continuously working to enhance availability and reliability
• Lease engine and rotable component availability
• Aircraft enginemaintenance philosophy
Data through December 2016, Source: ORAP*; All rights to underlying data reserved: SPS*
Gas turbine and package
50th percentile
12 month rolling average
305 units reporting
SCP
GT Pkg BOP
Reliability and availabilityGas turbine + Package
24
90
92
94
96
98
100
Dec-13 Dec-14 Dec-15 Dec-16
75th percentile
50th percentile
25th percentile
© 2017 General Electric Company. Proprietary information. All rights reserved. Subject to restrictions on cover page.
Heritage: CF6 Aircraft Engines
Data through April, 2017
Turbofans are mechanical drive gas turbines directly connected to high flow, low boost compressors – designed for variable speed & load
Turbine Aeroderivate GE
Grazie!……..se avete domande
Patrizio Prunecchi – Sales Director GE [email protected]
Dino Pezzella – Senior Sales Manager GE [email protected]