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Posts tagged Ecomagination
GE: Ecomagination Revenues Reach $18 Billion in 2009
Jun 24th
June 24, 2010
General Electric announced that revenues from its Ecomagination products reached $18 billion last year from the sale of more than 90 products, up 6 percent from $17 billion in revenue from more than 80 products in 2008. GE also announced a target to grow revenues for the product line at double the rate of overall corporate revenues over the next five years, increasing its proportion of company sales. The conglomerate also announced it had made $1.5 billion in clean tech R&D investment, a year ahead of its goal for 2010.
In the first five years since the creation of the Ecomagination More >
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Loading ...GE Looks to Smart Grids for Airports, Railroads in Ecomagination 2.0
Jun 24th
MICHAEL KANELLOS: JUNE 24, 2010
Big equipment is going to be networked, says GE’s Steve Fludder.
General Electric will double down on the environment.
The sprawling conglomerate will spend $10 billion on research and development for products for the ecomagination group over the next five years, doubling the $5 billion spent in the inaugural five years of the program.
GE has also identified areas that will potentially allow it to cut $150 million per year out of its operating costs while reducing its environmental footprint.
“We will double everything that we did,” said Steve Fludder, the vice president of ecomagination at GE. “With the $5 billion investment More >
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