INTRO: General Electric (GE) is one of the most storied and influential corporations in American history. With roots tracing back to the late 19th century, GE has made significant contributions across multiple industries, including energy, healthcare, and technology. Here are ten compelling facts about GE that showcase its innovation and impact over more than a century.
General Electric Was Founded by Thomas Edison in 1892
General Electric emerged from the merger of Edison General Electric Company and Thomson-Houston Electric Company, marking a pivotal moment in the history of electrical engineering. Founded in 1892, GE was spearheaded by Thomas Edison, one of the foremost inventors of the era. The formation of GE was a strategic move to consolidate resources and expertise in the rapidly growing electrical industry, leading to advancements in electric lighting and power generation that transformed the modern world.
GE Invented the First Commercially Viable Light Bulb
While Thomas Edison is often credited with inventing the light bulb, GE’s development of the first commercially viable incandescent bulb redefined indoor lighting. In 1879, Edison perfected the bulb, but it was GE that played a crucial role in mass production, ensuring that electric light became a standard feature in homes and businesses. This innovation not only illuminated streets and buildings but also paved the way for the electrical revolution, contributing significantly to urban development.
The Company Once Produced the World’s Largest Steam Turbine
In 2010, GE announced the development of the world’s largest steam turbine, the 9HA, capable of generating 9 megawatts of power. This turbine represented a significant leap in efficiency and output for fossil fuel power plants, showcasing GE’s commitment to advancing energy technology. The 9HA was designed to operate at high temperatures and pressures, allowing for greater productivity while reducing emissions, thereby aligning with the growing global focus on cleaner energy solutions.
GE Played a Key Role in Developing Jet Engine Technology
GE made significant strides in aviation technology, notably in the development of jet engines. In the late 1940s, GE produced the J47 jet engine, which became one of the most widely used engines in military and civilian aircraft. Throughout the decades, GE has continued to innovate in this field, partnering with companies like Pratt & Whitney to create advanced turbofan engines that power modern airliners, further solidifying its reputation as a leader in aerospace technology.
The Medical Division Created the First MRI Machine in 1980
GE Healthcare revolutionized medical imaging with the introduction of the first Magnetic Resonance Imaging (MRI) machine in 1980. This groundbreaking technology allowed for non-invasive visualization of soft tissues within the body, vastly improving diagnostic capabilities in medicine. The MRI machine has since become a standard tool in hospitals around the world, helping clinicians diagnose and treat various health conditions more accurately and effectively.
GE Is a Major Player in Renewable Energy Solutions Today
In response to the growing demand for sustainable energy sources, GE has positioned itself as a leader in renewable energy solutions. The company manufactures wind turbines and hydroelectric systems, contributing to the global shift toward cleaner energy. As of recent years, GE’s renewable energy division has become one of the largest suppliers of wind turbines, reinforcing its commitment to combating climate change and promoting sustainable practices.
The Company Has Over 300,000 Patents in Its Portfolio
GE holds a staggering portfolio of over 300,000 patents, making it one of the most innovative companies in the world. This extensive patent library spans a wide range of technologies, from electrical engineering to healthcare and aviation. The company’s investment in research and development has not only driven its own growth but has also contributed to advancements across various industries, showcasing the importance of intellectual property in fostering innovation.
GE’s Appliances Have Been Household Names for Decades
For generations, GE has been synonymous with quality home appliances. From refrigerators and ovens to washing machines, GE appliances have become household staples, known for their reliability and innovation. The company has made significant strides in incorporating smart technology into its appliances, enhancing user experience and energy efficiency, thereby maintaining its reputation as a trusted brand in American homes.
The Company Has Operated in Over 180 Countries Worldwide
With a global footprint, GE has operated in over 180 countries, underscoring its status as an international powerhouse. This extensive reach allows GE to leverage diverse markets and contribute to local economies through job creation and technology transfer. By adapting its products and services to meet the specific needs of different regions, GE continues to expand its influence and impact on a global scale.
GE Was Once Part of the Dow Jones Industrial Average for 111 Years
General Electric was a fixture on the Dow Jones Industrial Average (DJIA) for 111 years, from its inception in 1896 until it was removed in 2018. As one of the original companies in the DJIA, GE symbolized American industrial strength and innovation. Its long-standing presence on the index reflected the company’s significant role in shaping the U.S. economy, making its eventual removal a notable moment in financial history.
OUTRO: General Electric’s legacy is a testament to innovation and adaptability in an ever-changing world. From its founding by Thomas Edison to its ongoing contributions to renewable energy and healthcare, GE has consistently pushed the boundaries of technology and business. As the company continues to evolve, its history serves as a reminder of the impact that visionary ideas can have on society and industry.