TRANSFORMATIONS GEs Energy Ecosystem Portfolio www geenergyecosystem com

Energy Ecosystem Digital Thread Electrical Consumption Transmission & Distribution Electricity Generation The efficient use

05: Decarbonization Definition Challenges Opportunities • The shift towards a reduction in CO 2

09: Digitization of energy Definition Challenges Opportunities • The shift towards increasing use of

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Energy Ecosystem Digital Thread Electrical Consumption Transmission & Distribution Electricity Generation The efficient use of electricity at its end point by a device producing a useful output Getting electricity from the generator terminals to its point of use at the required conditions Conversion of fuels to kilowatt-hours at the generator terminals GE’s Energy Ecosystem Portfolio Refining & Processing Fuel Delivery & Storage Exploration & Production (Downstream) (Midstream) (Upstream) Conversion of hydrocarbons to useful products Delivery of a fuel of the desired composition and required conditions The extraction of natural resources for use in energy production © 2017 General Electric Company. All rights reserved. May 2017 2

05: Decarbonization Definition Challenges Opportunities • The shift towards a reduction in CO 2 from power generation through increased use of lower or non-CO 2 -emitting generation technologies • Fossil fuels make up the majority of global electricity generation • Broad consensus of need to curb CO 2 emissions • Some developed grids need to evolve to accommodate renewables penetration • Lower costs for renewable technologies • Policies have not kept pace with technology advancements GE’s Energy Ecosystem Portfolio • Fuel diversity leads to energy security © 2017 General Electric Company. All rights reserved. May 2017 3

09: Digitization of energy Definition Challenges Opportunities • The shift towards increasing use of sensors, data, software and analytics across the energy value chain to increase efficiencies, improve business outcomes, and reduce downtime and maintenance • Data access: <2% of data is captured and is primarily done without automation • Connectivity: connected machines drive optimization, increase efficiency, and reduce emissions • Lack of data scientists • Old assets must be retrofit • Grid 2. 0: A highly connected, fully optimized grid enables greater transparency, new business models, and enhanced security • Address variability, reliability and line loss issues GE’s Energy Ecosystem Portfolio © 2017 General Electric Company. All rights reserved. May 2017 4