Bill Loveless from Platts Energy Week recently interviewed Mark Little, GE’s chief technology officer, about the company’s interests in the oil and gas extraction sector. Loveless and Little discussed GE’s planned investments into an Oklahoma-based research center that will be the first GE technology development laboratory that is focused on a single business sector.
Mark Little: We’re very excited about going to Oklahoma. We have a global network of research centers that support all of our businesses. The first one was in upstate New York. First industrial research lab ever in the United States. We built out from that to India, China, Germany, Brazil, other places in the US. We’re going to Oklahoma for the first time with the intent of having a single business focused center. All these other centers support every business. This one will be focused solely on oil and gas.
Why are we doing that? There’s such a rich technology opportunity here to get technology into the oil and gas space. We wanted to really focus on that; make a showcase for our customers from around the world to come and see this and to help us develop technologies that they need to make their operations more efficient and more productive.
After watching that interview, do you have any more doubt about why GE leaders spend little or no time marketing new nuclear power plants that would reduce the growing demand for natural gas in the lucrative US electrical power market?
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