Tag Archives: jeff immelt

GE CEO Immelt & John Doerr: "US Falling Behind On Green Energy"

Yesterday in the Washington Post, General Electric (GE) CEO Jeff Immelt and famed venture capitalist John Doerr wrote an op ed piece highlighting the failure of the US to take the lead in green energy and the emergence of China as the leader.

Some interesting facts:

– China cars are 35% more fuel efficient
– they spend 10x what the US does as a % of GDP on green energy
– China on track to … Read the rest

GE Wind Energy Biz Down 8%, Announcing Big China Smart Grid Order Next Week

General Electric (GE) reported earnings Friday morning and I’ve now had a chance to go through the entire earnings report provided by Seeking Alpha and pick out all portions related to their smart grid wind turbine businesses.  Overall, their Energy unit was the strongest performer with revenues up 7%  and profits up 19%  Unfortunately, that wasn’t due to wind turbine orders which were down 8% for the quarter.  Although, when you consider that the 1st … Read the rest