On Friday, President Obama appointed General Electric’s chief executive, Jeff Immelt — an advocate for carbon cap-and-trade — chairman of his panel of outside economic advisors, the newly branded Council on Jobs and Competitiveness.
At a conference held by General Electric (GE) this morning in New York, chief executive Jeff Immelt revealed his company’s plans to invest $45 million in twelve digital energy, or smart-grid related companies— the first of several investments planned through the company’s Ecomagination business competition.
The newly funded entities include: ClimateWell, Consert, FMC-Tech, Ltd., The Fu… → Read More
Today, General Electric (GE) offered details about its committment to encourage the widespread adoption of all-electric vehicles. The company plans to walk the walk with a purchase of 25,000 electric vehicles by 2015, including an order for 12,000 Chevy Volt vehicles in 2011 from General Motors (GM), a GE business partner.
Within the next three years, GE expects to generate up to $500 million in… → Read More