General Electric (GE) Stock – Will Green Energy Make It Pop?
There’s no question that General Electric (NYSE:GE) is counting on green energy to help boost revenues. General Electric Co. CEO Jeffrey Immelt spoke to the ARPA-E Energy Innovation Conference in Washington and was clear about what he felt the country needed to do.
He indicated he was afraid that America would be non competitive in the alternative energy markets if action wasn’t taken quickly.
“Right now we have no certainty around an energy future,” Immelt said. “Let’s not take this growth industry and give it to every other country in the world but the U.S.”
Immelt went on to highlight ways he thought the government could help sell green energy to the masses and to protect American industry.
GE CEO Immelt: U.S. lags in clean energy; federal smart grid oversight needed
On the global stage, the United States is facing its stiffest competition to date in the race for clean energy, said General Electric CEO Jeffrey Immelt at a conference in Maryland.
Speaking at the ARPA-E Summit in National Harbor, Md., Immelt said energy demand is redirecting toward the developing world, and unclear policies and low levels of research and development spending could hinder U.S. progress moving forward — despite new technologies in the pipeline.
“Unless we have a broad perspective on job creation, innovation, and technology growth, we are going to fall behind as a country,” Immelt said, as reported by SmartPlanet sister site CNET. “We need growth as a country and globally we play in a much more competitive arena than any other time in our lifetimes.”
Immelt said current trends indicate that Asian countries will demand energy products at a higher rate than the U.S. or Europe — drawing businesses, innovation and supply chain strength to those countries.
As an example, Immelt said the number of passenger cars sold in China and India will be more than twice the number sold in the U.S. by 2020.
GE Is on a Coal-Beautification Mission
General Electric is "changing the perception of coal energy in America." It's clean -- and sexy. Just watch this TV ad. But wait there's more. Here's the problem: you've got lots of coal in the ground that you want to use to generate electricity and profits. But coal has a reputation for being dirty and causing tons of pollution. So what do you do?
General Electric to go tobacco-free in 2011: Work sites to be tobacco-free
A year ago, General Electric Co. promised financial incentives to U.S. employees who kicked the smoking habit.
Now, the company is going a step further, launching a new policy that would make all the company's work sites tobacco-free by this time in 2011.
There are some other differences between then and now.
For one thing, the Connecticut-based company, one of the world's largest, is addressing only at-work behavior.
Employees won't be asked to sign a tobacco-free pledge that extends beyond the workplace, said Stephan Koller, a spokesman for GE Transportation, based in Lawrence Park Township.
But they will be asked to refrain from using tobacco of all kinds on company property.
General Electric to go tobacco-free in 2011: Work sites to be tobacco-free
GE Hitachi To Build Nuclear Plants In Poland - Update
GE Hitachi Nuclear Energy, and Polish power company Polska Grupa Energetyczna SA, Friday said they have signed a new agreement to collaborate on Poland's initiative to build next-generation commercial nuclear power plants. GE Hitachi Nuclear Energy is a nuclear alliance formed by General Electric Co. (GE: News ) and Hitachi Ltd. (HIT: News ).
Through this alliance, Poland plans to build two nuclear power plants that would help the country diversify its energy production, which currently relies heavily on coal-based technologies.
Showing posts with label coal. Show all posts
Showing posts with label coal. Show all posts
Sunday, March 7, 2010
Saturday, August 9, 2008
Recent News: GE Money Canadian Mortgage, GE Energy UAE Wind, UAE Smelter, Reorganization, Clean Coal, NBC Universal, and GE Healthcare
GE Money gets out of Canadian mortgage business
A finance subsidiary of General Electric Co plans to wind up its Canadian alternative mortgage business this week as part of a wider corporate shift away from consumer finance, according to a note sent to brokers. GE Money said that as of the close of business Thursday, it will no longer accept new Canadian mortgage applications but will continue to fund existing commitments...
GE Receives $500 Million Contract to Supply Power Equipment for World's Largest Single-Site Aluminum Complex
GE Energy has received a contract of more than US$500 million to supply equipment to power the world's largest aluminum processing complex at a single site. The Emirates Aluminum (EMAL) production facility is located close to the Arabian Gulf near Al Taweelah, Abu Dhabi, in the United Arab Emirates (UAE). Using natural gas as its primary fuel, the power plant will feature Frame 9FA gas turbines, C7 steam turbines, heat recovery steam generators and condensers, all provided by GE Energy...
General Electric wins $500 mln UAE smelter deal
U.S. conglomerate General Electric said on Wednesday its energy unit had won a contract worth more than $500 million to supply equipment to power an aluminium smelter in Abu Dhabi. Emirates Aluminium is building a $5 billion smelter with target output capacity of 1.4 million tonnes of aluminium per year, which will make it one of the largest in the world...
GE executive: Reorg will simplify conglomerate
General Electric Co.'s recently announced reorganization will help simplify operations and give investors a clearer view of the company, a top executive told members of Congress on Monday.
John Rice, vice chairman of the Fairfield-based GE and president of the newly formed GE Technology Infrastructure unit, said cutting GE to four businesses from six is a logical move....
GE close to $3bn clean-coal deal to bury carbon
US conglomerate GE says it could sign a deal within months to build a $US3 billion ($3.13 billion) "clean coal" power plant in NSW or Queensland that would store carbon dioxide underground.
But any plant agreement would probably rely on government help with the cost of storing the greenhouse gases, depending on the final outcome of the federal Government's planned emissions trading scheme. GE, which intends to turn coal into gas and then strip out and bury the carbon dioxide, is in talks with utilities in both states and would like to see an agreement for a commercial plant "within the next six months", GE global clean coal power business head Keith White said in Melbourne yesterday...
Abu Dhabi Investor to Pressure GE's NBC Universal
The conventional wisdom in American business is this: find a sovereign fund investor to lift investors' confidence by boosting the price and demand for shares. Facing its toughest uphill battle in decades, even blue-chip king General Electric has resorted to that strategy, creating an $8 billion global partnership with Abu Dhabi-based Mubadala Development Co., which is in the process of buying enough discounted GE shares on the open market to become one of the conglomerate's top 10 institutional investors....
GE Healthcare in definitive agreement to acquire Vital Signs
GE Healthcare, a provider of medical technologies and services for patient care and a business unit of General Electric Company (NYSE:GE), and Vital Signs Inc (Nasdaq:VITL), a global provider of medical products applicable to a wide range of care areas, announced on Thursday (24 July) that the companies have entered into a definitive merger agreement under which GE will acquire Vital Signs...
A finance subsidiary of General Electric Co plans to wind up its Canadian alternative mortgage business this week as part of a wider corporate shift away from consumer finance, according to a note sent to brokers. GE Money said that as of the close of business Thursday, it will no longer accept new Canadian mortgage applications but will continue to fund existing commitments...
GE Receives $500 Million Contract to Supply Power Equipment for World's Largest Single-Site Aluminum Complex
GE Energy has received a contract of more than US$500 million to supply equipment to power the world's largest aluminum processing complex at a single site. The Emirates Aluminum (EMAL) production facility is located close to the Arabian Gulf near Al Taweelah, Abu Dhabi, in the United Arab Emirates (UAE). Using natural gas as its primary fuel, the power plant will feature Frame 9FA gas turbines, C7 steam turbines, heat recovery steam generators and condensers, all provided by GE Energy...
General Electric wins $500 mln UAE smelter deal
U.S. conglomerate General Electric said on Wednesday its energy unit had won a contract worth more than $500 million to supply equipment to power an aluminium smelter in Abu Dhabi. Emirates Aluminium is building a $5 billion smelter with target output capacity of 1.4 million tonnes of aluminium per year, which will make it one of the largest in the world...
GE executive: Reorg will simplify conglomerate
General Electric Co.'s recently announced reorganization will help simplify operations and give investors a clearer view of the company, a top executive told members of Congress on Monday.
John Rice, vice chairman of the Fairfield-based GE and president of the newly formed GE Technology Infrastructure unit, said cutting GE to four businesses from six is a logical move....
GE close to $3bn clean-coal deal to bury carbon
US conglomerate GE says it could sign a deal within months to build a $US3 billion ($3.13 billion) "clean coal" power plant in NSW or Queensland that would store carbon dioxide underground.
But any plant agreement would probably rely on government help with the cost of storing the greenhouse gases, depending on the final outcome of the federal Government's planned emissions trading scheme. GE, which intends to turn coal into gas and then strip out and bury the carbon dioxide, is in talks with utilities in both states and would like to see an agreement for a commercial plant "within the next six months", GE global clean coal power business head Keith White said in Melbourne yesterday...
Abu Dhabi Investor to Pressure GE's NBC Universal
The conventional wisdom in American business is this: find a sovereign fund investor to lift investors' confidence by boosting the price and demand for shares. Facing its toughest uphill battle in decades, even blue-chip king General Electric has resorted to that strategy, creating an $8 billion global partnership with Abu Dhabi-based Mubadala Development Co., which is in the process of buying enough discounted GE shares on the open market to become one of the conglomerate's top 10 institutional investors....
GE Healthcare in definitive agreement to acquire Vital Signs
GE Healthcare, a provider of medical technologies and services for patient care and a business unit of General Electric Company (NYSE:GE), and Vital Signs Inc (Nasdaq:VITL), a global provider of medical products applicable to a wide range of care areas, announced on Thursday (24 July) that the companies have entered into a definitive merger agreement under which GE will acquire Vital Signs...
Wednesday, March 12, 2008
Recent News: Wind Turbines, Government Blacklist?, Emerging Markets, Thailand Coal and Nuclear, GE Energy, and NBC.
GE Supplying Wind Turbines to Renewable Energy Systems for Projects to Be Developed in 2009 and 2010
Renewable Energy Systems (RES) Americas Inc. of Austin, Texas, one of the leading wind developers in North America, has signed agreements exceeding $700 million to receive GE Energy 1.5-megawatt wind turbines for projects in 2009 and 2010....
Govt threatens to blacklist GE; Bhel tie-up may be reviewed
Ratcheting up the pitch of its spat with General Electric Co. (GE) over allegedly defective turbines supplied by the US firm to the Dabhol power project, the government has threatened to ban the company from all future public sector power projects and review its alliance with the state-owned equipment maker Bharat Heavy Electricals Ltd (Bhel)...
GE Targets Growth in Emerging Markets
General Electric Co.'s Energy Financial Services unit said it will invest $5 billion through 2010 in energy and water projects in Asia, Latin America and the Middle East in a further sign of GE's diversification away from the U.S. economy....
GE Energy Says Thailand Should Use Coal and Nuclear
Coal and nuclear power remain Thailand's most viable fuel choices for the long term, according to Kovit Kantapasara, head of Thailand and Indonesia for GE Energy...
G.E. Chairman Rejects Talk of NBC Sale
Now hear this: NBC Universal is not for sale. No how, no way. Looking to squelch persistent rumors, Jeffrey R. Immelt, the chairman of General Electric, plans to make his most definitive statement yet about his company’s chief media asset...
GE's Energy Bet
Clearly, General Electric sees more money in powering the demand for infrastructure improvements around the world than it does in consumer spending....
GE chief executive says in annual report company won't sell NBC Universal
The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division....
Renewable Energy Systems (RES) Americas Inc. of Austin, Texas, one of the leading wind developers in North America, has signed agreements exceeding $700 million to receive GE Energy 1.5-megawatt wind turbines for projects in 2009 and 2010....
Govt threatens to blacklist GE; Bhel tie-up may be reviewed
Ratcheting up the pitch of its spat with General Electric Co. (GE) over allegedly defective turbines supplied by the US firm to the Dabhol power project, the government has threatened to ban the company from all future public sector power projects and review its alliance with the state-owned equipment maker Bharat Heavy Electricals Ltd (Bhel)...
GE Targets Growth in Emerging Markets
General Electric Co.'s Energy Financial Services unit said it will invest $5 billion through 2010 in energy and water projects in Asia, Latin America and the Middle East in a further sign of GE's diversification away from the U.S. economy....
GE Energy Says Thailand Should Use Coal and Nuclear
Coal and nuclear power remain Thailand's most viable fuel choices for the long term, according to Kovit Kantapasara, head of Thailand and Indonesia for GE Energy...
G.E. Chairman Rejects Talk of NBC Sale
Now hear this: NBC Universal is not for sale. No how, no way. Looking to squelch persistent rumors, Jeffrey R. Immelt, the chairman of General Electric, plans to make his most definitive statement yet about his company’s chief media asset...
GE's Energy Bet
Clearly, General Electric sees more money in powering the demand for infrastructure improvements around the world than it does in consumer spending....
GE chief executive says in annual report company won't sell NBC Universal
The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division....
Friday, February 15, 2008
Recent News: Jet Engines, GE Capital, GE Commerical Finance, Wind Power, Coal Research,
Congress may restore funding for GE-Rolls Royce fighter engine
The chairman of a key defense subcommittee in the U.S. House of Representatives predicted that Congress would restore funding for an alternative fighter engine being developed by GE Aviation and Rolls-Royce, Reuters news agency reported Wednesday. A proposed White House defense budget released last week would cancel funding for the F136 engine, which is intended to compete with a Pratt & Whitney engine to power the F-35, or Joint Strike Fighter. The F-35 is being developed in multiple versions by Lockheed Martin Corp...
GE Capital Solutions, Franchise Finance Helps Sizzling Platter Grow with $58 Million Loan
Sizzling Platter, LLC., a multi-concept operating company with 37 restaurants, is refinancing existing debt, developing new units, and acquiring a Salt Lake City-based 51 unit Little Caesars Pizza franchisee with a senior-term debt loan and revolving line of credit from GE Capital Solutions, Franchise Finance.
GE Provides $425 Million Credit Facility to Mobilitie
GE Commercial Finance's Media, Communications & Entertainment business today announced it has provided a $425 million senior secured credit facility to Mobilitie, the owner of telecommunications towers located across the United States and a portfolio company of Oaktree Capital Management. GE - Media, Communications & Entertainment served as administrative agent and GE Capital Markets acted as joint bookrunner and joint lead arranger with TD Securities for the facility. The facility will be used to support the acquisition of additional towers and deployment of other wireless infrastructure assets....
GE: Plenty of Tailwinds for Wind Power
GE, the biggest U.S. maker of wind turbines, told Reuters yesterday that 2008 revenues from turbine sales could approach $6 billion (HT: Solve Climate.) That could mean as much as 4.2 gigawatts of turbines in 2008, if order-book prices from market-leader and price-setter Vestas are any guide. How much is that? Almost as much wind power as the U.S. installed last year. Or, about 20% of last year’s record-breaking installation. Or, just under 5% of all the wind power installed in the world today...
UW, GE team up to develop advanced coal technology centerSource
GE Energy announced today that it has signed a letter of intent with the University of Wyoming, countersigned by Gov. Dave Freudenthal, for the development of an advanced gasification research and technology center in Wyoming.The proposed center would consist of a small scale gasification system that would allow UW and GE researchers to develop advanced coal gasification technology solutions for Wyoming coals...
GE Sensors Help Control Ventilation in Schools
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE:GE), is helping schools control their ventilation and outdoor air supply. “Maintaining proper air quality in schools is an important part of maintaining a comfortable, healthy, productive environment for students and faculty,” said Rod Valenta, General Manager of GE Sensing & Inspection Technologies’ Telaire division...
The chairman of a key defense subcommittee in the U.S. House of Representatives predicted that Congress would restore funding for an alternative fighter engine being developed by GE Aviation and Rolls-Royce, Reuters news agency reported Wednesday. A proposed White House defense budget released last week would cancel funding for the F136 engine, which is intended to compete with a Pratt & Whitney engine to power the F-35, or Joint Strike Fighter. The F-35 is being developed in multiple versions by Lockheed Martin Corp...
GE Capital Solutions, Franchise Finance Helps Sizzling Platter Grow with $58 Million Loan
Sizzling Platter, LLC., a multi-concept operating company with 37 restaurants, is refinancing existing debt, developing new units, and acquiring a Salt Lake City-based 51 unit Little Caesars Pizza franchisee with a senior-term debt loan and revolving line of credit from GE Capital Solutions, Franchise Finance.
GE Provides $425 Million Credit Facility to Mobilitie
GE Commercial Finance's Media, Communications & Entertainment business today announced it has provided a $425 million senior secured credit facility to Mobilitie, the owner of telecommunications towers located across the United States and a portfolio company of Oaktree Capital Management. GE - Media, Communications & Entertainment served as administrative agent and GE Capital Markets acted as joint bookrunner and joint lead arranger with TD Securities for the facility. The facility will be used to support the acquisition of additional towers and deployment of other wireless infrastructure assets....
GE: Plenty of Tailwinds for Wind Power
GE, the biggest U.S. maker of wind turbines, told Reuters yesterday that 2008 revenues from turbine sales could approach $6 billion (HT: Solve Climate.) That could mean as much as 4.2 gigawatts of turbines in 2008, if order-book prices from market-leader and price-setter Vestas are any guide. How much is that? Almost as much wind power as the U.S. installed last year. Or, about 20% of last year’s record-breaking installation. Or, just under 5% of all the wind power installed in the world today...
UW, GE team up to develop advanced coal technology centerSource
GE Energy announced today that it has signed a letter of intent with the University of Wyoming, countersigned by Gov. Dave Freudenthal, for the development of an advanced gasification research and technology center in Wyoming.The proposed center would consist of a small scale gasification system that would allow UW and GE researchers to develop advanced coal gasification technology solutions for Wyoming coals...
GE Sensors Help Control Ventilation in Schools
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE:GE), is helping schools control their ventilation and outdoor air supply. “Maintaining proper air quality in schools is an important part of maintaining a comfortable, healthy, productive environment for students and faculty,” said Rod Valenta, General Manager of GE Sensing & Inspection Technologies’ Telaire division...
Sunday, July 1, 2007
Energy News
- DTE Energy, GE unit in deal on power projects (MSN Money/Reuters)
- Carbon backlash: coal divides corporations (MSN Money/Reuters)
- Carbon backlash: coal divides corporations (MSN Money/Reuters)
