Latest Updates: General Electric RSS

• A Strong Wind Blows
  Srikant Rajan 09:32:30 am on July 10, 2008 | 0 | # |
  Tags: clne, GE, General Electric, natural gas, renewable energy, t boone pickens, wind power

  Wind energy seems to be the new favorite of all renewable energy technologies. Billionaire T Boon Pickens has invested a couple of billions ($12 Billion) in his wind farm and also initiated the  Clean Energy Fuels (CLNE) .Pickens believes the dependence on foreign oil can be weaned through a rigorous adoption of a multitude of energy technologies, and rightfully so. He further adds that Bush is too ethanol focused and believes natural gas as one of US energy assets. Now GE has declared that its renewable energy investments have exceeded $4billion with $100 million invested in upcoming wind projects.

  GE’s present investments include a total of 76 wind farms and a generating capacity in excess of 4000 MW. This seems to be beneficial to GE from a business perspective as investments in wind projects provide a steady demand for their in house turbines.

   

   

• US Department Of Energy Grants $30 Million to Hybrid Cars
  Srikant Rajan 04:19:11 am on June 13, 2008 | 0 | # |
  Tags: Department Of Energy, electric vehicles, ford, GE, General Electric, general motors, gm, Hybrid, lithium ion

  US Department Of Energy has announced $30 million in funding for development of electric vehicles.This amount would be split in three ways by GM ,Ford,and General Electric(GE).Under his agreement for research GM plans to focus on lithium -ion batteries and battery recharging technology for Electric Cars.Ford will focus on identifying bottlenecks in commercialization of plug in hybrid electric vehicles and GE would work towards dual battery energy storage system and its integration with the EV.Of the three Ford,seems to be making some headway in Plug-in hybrid vehicles with its recent Escape model.

  DOE also plans to a second round of research applications under its PHEV Technology Acceleration and Deployment Activity plan, in July 2008. Considering Toyotas recent decision to build up its battery capacity, this latest effort by the DOE signifies that US is still struggling to get the right  electric vehicle plan. Additionally since conclusive  results are  expected by 2014-2016,makes on wonder is this effort is worthwhile.

   

• Iberdrola Targeting US Wind Energy Sector
  Srikant Rajan 03:38:50 pm on May 19, 2008 | 1 | # |
  Tags: General Electric, Iberdrola, turbine, US, wind power

  Iberdrola a company based  in Bilbao, northern Spain has a major presence in the global wind energy sector.The company has an installed capacity of 2392MW in Spain, 3483MW abroad and nearly1,367 MW under construction worldwide.Iderbola has recently signed a contract with General Electric for supplying turbines with a total capacity of 300MW.Under the terms of this agreement,  Iberdrola  plans to acquire ,200 General Electric turbines of 1.5 MW capacity each, for delivery in 2010 to its wind farms in the United States.Iderbola is targeting a 15% share of the US wind power market by the year 2010 and expects to strengthen its presence in the US wind power market with the aid of such supply contracts.

   

• General Electric or Green Energy ?
  Srikant Rajan 07:35:13 am on May 4, 2008 | 0 | # |
  Tags: Chevy Volt, General Electric, Hybrid

  General Electric seems to be all set to cash into the green energy sector. In a recent event at San Francisco, Rick Wagoner (CEO) emphasized GE’s commitment towards remedying global warming concerns and discussed GE’s strategy in the coming years. In addition to acquiring cleantech behemoths such as Enron, Astropower, GE is also pursuing research and development of Electric Vehicles (EV’s). Wagoner emphasized GM’s belief of electric vehicles being the "best long-term solution" for addressing society’s energy and environmental concerns. At the top of GE’s product offering in the EV segment is the plug in hybrid – Chevy Volt. Recent tests on the Volt prototype at GE had been very encouraging. Spurred by the recent success GE seems confident that the Volt would be rolled out in the US by the year 2010. Wagoner said that despite GM’s delay in entering the hybrid vehicle segment it would be in the forefront in the coming decade .However it remains to be seen whether it would be able to challenge Toyotas dominance in the hybrid EV segment.