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.
GE is one of the world’s largest manufacturers of clean energy and related technologies. The company makes everything from large wind turbines, to electric vehicle charging stations, to good old lights and appliances.
Could the rising political influence of Jeff Immelt be a good thing for green innovators in the U.S.? Could clean tech newcomers, small businesses and competitors suffer from policy endorsed by the CEO of the established giant? → Read More
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 Foundation School for Engineering And Applied Science at Columbia University, Joulex, OPOWER, Scientific Conservation, SecureRF Corp., Sentient Energy, Soladigm, SustainX and SynapSense Corp. Venture capital partners working with GE on this competition— Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers, and Rockport Capital Partners— will invest $10 million into these first twelve winners, as well. → 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 revenue from the emerging electric vehicles market. GE owns one of the world’s largest vehicle fleets and global fleet management businesses. It also sells consumer and industrial products like the WattStation, an electric vehicle charging station, and circuit protection equipment and transformers. → Read More
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