General Electric (GE) is continuing to reinvent itself, putting the pieces in place to become an alternative energy behemoth. They are best known for their wind turbine business and sell their turbines all over the world, but the company aims to be a big player in solar and smart grids as well. They announced their thin film solar product will be available next year and this morning they have announced another purchase of another smart … Read the rest
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General Electric (GE) Announces Availability Of Solar Products
General Electric (GE) is providing an update on its push into the solar market this morning. I first posted back in March that GE was making a direct run at First Solar (FSLR) with its partnership with PrimeStar to develop cadmium telluride thin solar panels. Today they have announced that the the thin film solar panels will be commercially available next year from PrimeStar’s 30MW facility and the companies have plans to increase capacity … Read the rest
General Electric (GE) Expands Presence In China Wind Energy Market
General Electric (GE) has already established a presence in the China wind energy market, supplying them with nearly 1000 wind turbines and today the company is announcing it will be a bigger player after securing a joint venture deal with a subsidiary of Harbin Power Equipment. The venture between the two companies will manufacture GE designed turbines for onshore and offshore wind farms. Harbin will be the majority owner with a 51% stake.
> Click … Read the rest
General Electric (GE) Acquires Energy Control Systems To Enhance Smart Grid Offerings
General Electric announced this morning that it has acquired SNC-Lavalin’s Energy Control Systems business as well as its network management and control software. Energy Control Systems’ software is used to improve the efficiency and reliability of the electric power grid, so this acquisition will enhance GE’s smart grid-related offerings.
In a Bob Gilligan, vice president–digital energy for GE Energy Services, commented on the acquisition:
“ECS software empowers everyone along the energy value chain to do … Read the rest
General Electric (GE) Introduces WattStation Electric Car Charger
It’s a busy day on the green energy front for General Electric (GE). Earlier, they announced their $200 million Ecomagination Challenge and have also introduced their WattStation electric car charging system which decreases charging times and allows utilities to manage the impact on the local grid.
The charger decreases average full charge times of 12 – 18hrs for a standard level 1 charger to 4 – 8hrs. It will be available commercially on a … Read the rest
General Electric (GE) & Venture Partners Announce $200 Million Green Energy Pledge With Ecomagination Challenge
General Electric (GE) along with some leading venture capital partners such as Kleiner Perkins, announced today a $200 million contest which seeks to accelerate the advancement of the smart grid and other green energy solutions. The “GE Ecomagination Challenge: Powering the Grid”, invites technologists, entrepreneurs and start ups to share their best ideas.
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Said GE CEO Jeff Immelt, "At GE we have invested broadly … Read the rest
US Ecology (ECOL) Selected To Dispose Of Waste From GE’s Hudson River Dredging Project
US Ecology just announced that it is one of three companies selected to handle the PCB-contaminated waste that will be generated by GE’s environmental dredging project to clean up the Hudson River.
The waste will be disposed of at US Ecology’s Grand View, Idaho facility.
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In a press release, US Ecology’s President and Chief Executive Officer Jim Baumgardner commented on the news:
“We are very … Read the rest
GE Lighting (GE) Signs LED Licensing Agreement With Rambus (RMBS)
GE Lighting just announced that it has signed an licensing agreement with Rambus Inc. to use Rambus’ LED product designs and manufacturing knowledge to develop a flat-panel LED lighting system that can be used in architectural and commercial lighting.
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In a press release, Michael B. Petras, Jr., president and CEO of GE Lighting, commented on the news:
“One … Read the rest
CBS News Changing Shape Of Light Video (LED, OLED Lighting): Cree Inc (CREE), Universal Display (PANL) Highlighted
CBS News did a story tonight on the led lighting revolution as the incandescent bulb nears extinction. Here are some facts presented in the story..
– Americans consume double the amount of electricity than someone in Great Britain and nearly 6x than someone in China
– We’re increasing our energy use by 30% per year (this number seems hard to believe!)
– 22% of our electricity use comes from lighting
– 95% of the … Read the rest
GE/PrimeStar To Compete In Thin Film Solar Market With First Solar (FSLR)
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General Electric (GE) made its first move into the thin film solar market in 2007 when it acquired a stake in PrimeStar Solar (of which it now has a majority stake). It appears the company is sold on PrimeStar’s cadmium telluride thin film technology which happens to compete directly with industry leader First Solar (FSLR) and continues to … Read the rest