The move is in line with GE’s Ecomagination strategy that is aimed at addressing global water and energy challenges, while lowering greenhouse gas emissions.

Through the partnership, the companies will work on maximizing efficiency, optimizing energy flows, and developing system-level approaches in order to meet increasing demand for resources including oil and gas, copper, iron ore and coal across the globe.

BHP Billiton chief commercial officer Dean Dalla Valle said: "Our strategic approach to climate change is underpinned by engagement. It is this commitment to transparent engagement and collaboration that drives our involvement in initiatives like Ecomagination to provide business leaders with an important platform to share knowledge, skills and resources to address the issue of climate change.

"We look forward to continuing to engage with industry through this partnership and to contributing to the development of new solutions."

GE has generated over $200bn in revenues from Ecomagination-certified products and services, in addition to curbing greenhouse gas emissions by 31%, and reduced its water use by 42%.

GE Australia, New Zealand and Papua New Guinea president and CEO Geoff Culbert said: "The mining and resources sector is a vital part of Australia’s economic landscape.

"We must continue to look for innovative ways to help the sector become more efficient and productive while at the same time reducing the environmental impact."

GE recently developed a new software and hardware solution, Digital Power Plant, to improve efficiency and output of the power plants as well as provide flexibility for renewable power integration and help grid stability.