GE pushes Eco 2.0 innovation and collaboration
General Electric announced a renewed commitment to its five-year-old Ecomagination initiative, including $10 billion investment, a new campaign, and PR support.
The GE Ecomagination Challenge: Powering the Grid launched July 13 and runs for 10 weeks, promoting more engagement between GE and entrepreneurs.
"The Challenge exemplifies this open innovation and collaborative approach GE is taking with its big initiatives, particularly around SmartGrid for this one," said Leigh Farris, manager of corporate communications for GE.
Entrepreneurs, technology experts, and start-up companies can submit their ideas for building the next generation power grid, with the winning ideas announced in October. Since its launch, GE has received more than 750 ideas for the Challenge.
Showing posts with label ecomagination. Show all posts
Showing posts with label ecomagination. Show all posts
Monday, August 2, 2010
Thursday, October 23, 2008
Recent News: Battery-powered jobs, Haier, NBC Universal, Ecomagination, and Fed facility
GE stepping up push for battery-powered cars General Electric Co. is stepping up its investment in developing new battery technologies for autos as it looks to increase its role in electrifying cars -- one of the key strategies to boost fuel efficiency and reduce carbon dioxide emissions.....
China's Haier plays waiting game for GE unit
Haier, China's largest home appliance maker, plans not to bid for General Electric Co's appliances unit until it sees clear signs of a U.S. market recovery, said people with direct knowledge of the matter. A bid for GE's appliances business, which the U.S. giant put on the block in May, could be Haier's last opportunity to buy a household U.S. brand, part of its ambitions to reach global consumers rather than just Chinese....
NBC Universal Outlines 3% Budget Cut
NBC Universal is looking to shave $500 million from next year's budget, in a new sign that the broader economic crisis is likely to exact a stiff toll on the media sector. The General Electric Co. unit, which includes broadcast and cable-TV networks, local television stations and a movie studio, says the cuts will amount to 3% of its 2009 budget....
GE’s 2008 Ecomagination Revenues to Rise 21%, to $17 Billion
GE reports that, amidst global economic turbulence, revenues from its range of energy efficient and environmentally advantageous products and services will surge 21% to $17 billion in 2008, while GE’s annual investment in cleaner research and development will pass $1.4 billion....
GE plans to use Fed facility next week
General Electric Co. plans to use the Federal Reserve's new short-term funding facility when it is launched on Monday. The U.S. conglomerate and its finance arm, General Electric Capital Corp, have registered as users of the facility, the company told its commercial paper customers.....
China's Haier plays waiting game for GE unit
Haier, China's largest home appliance maker, plans not to bid for General Electric Co's appliances unit until it sees clear signs of a U.S. market recovery, said people with direct knowledge of the matter. A bid for GE's appliances business, which the U.S. giant put on the block in May, could be Haier's last opportunity to buy a household U.S. brand, part of its ambitions to reach global consumers rather than just Chinese....
NBC Universal Outlines 3% Budget Cut
NBC Universal is looking to shave $500 million from next year's budget, in a new sign that the broader economic crisis is likely to exact a stiff toll on the media sector. The General Electric Co. unit, which includes broadcast and cable-TV networks, local television stations and a movie studio, says the cuts will amount to 3% of its 2009 budget....
GE’s 2008 Ecomagination Revenues to Rise 21%, to $17 Billion
GE reports that, amidst global economic turbulence, revenues from its range of energy efficient and environmentally advantageous products and services will surge 21% to $17 billion in 2008, while GE’s annual investment in cleaner research and development will pass $1.4 billion....
GE plans to use Fed facility next week
General Electric Co. plans to use the Federal Reserve's new short-term funding facility when it is launched on Monday. The U.S. conglomerate and its finance arm, General Electric Capital Corp, have registered as users of the facility, the company told its commercial paper customers.....
Friday, March 28, 2008
Recent News: GE Aviation Fin. Services - China, American Express, Ecomagination, and GE Money.
GE lease unit to buy 5 China-made regional jets
General Electric's aircraft leasing arm has signed a preliminary agreement to buy five of China's domestically developed ARJ21 regional jets, the first order for the aircraft from a major foreign customer....
American Express buys GE card unit; Utah workers can keep jobs
About 350 General Electric employees in Utah will soon work for American Express. American Express Co. said Thursday it agreed to buy General Electric Co.'s corporate charge-card unit, Corporate Payment Services, for $1.1 billion in cash in order to expand lending for business customers. The majority of Corporate Payment Services' 350 employees are based in Taylorsville, and they will have the opportunity to keep their jobs. The unit will continue to operate from its current location at 4246 S. Riverboat Drive....
GE's Ecomagination platform
At a time when most large corporations across the world are still paying mere lip service to sustainability, and climate change, there are thankfully some exceptions such as GE, DuPont, BP who have turned “green” issues from being peripheral, yet unavoidable corporate social responsibility obligations to a cornerstone of their future business plans. And the incredibly quick commercial success the $175-billion General Electric has tasted in its ambitious plans to turn every part of its gargantuan operations environmentally sustainable is proof that green begets greenbacks...
GE unit shops credit assets
General Electric Co. is shopping Canadian assets of GE Money, which includes its near-prime alternative mortgage lending business, as it restructures its global retail, banking and consumer financing business, according to sources...
General Electric's aircraft leasing arm has signed a preliminary agreement to buy five of China's domestically developed ARJ21 regional jets, the first order for the aircraft from a major foreign customer....
American Express buys GE card unit; Utah workers can keep jobs
About 350 General Electric employees in Utah will soon work for American Express. American Express Co. said Thursday it agreed to buy General Electric Co.'s corporate charge-card unit, Corporate Payment Services, for $1.1 billion in cash in order to expand lending for business customers. The majority of Corporate Payment Services' 350 employees are based in Taylorsville, and they will have the opportunity to keep their jobs. The unit will continue to operate from its current location at 4246 S. Riverboat Drive....
GE's Ecomagination platform
At a time when most large corporations across the world are still paying mere lip service to sustainability, and climate change, there are thankfully some exceptions such as GE, DuPont, BP who have turned “green” issues from being peripheral, yet unavoidable corporate social responsibility obligations to a cornerstone of their future business plans. And the incredibly quick commercial success the $175-billion General Electric has tasted in its ambitious plans to turn every part of its gargantuan operations environmentally sustainable is proof that green begets greenbacks...
GE unit shops credit assets
General Electric Co. is shopping Canadian assets of GE Money, which includes its near-prime alternative mortgage lending business, as it restructures its global retail, banking and consumer financing business, according to sources...
Thursday, February 28, 2008
Recent News: GE Sensing & Inspection in Abu Dhabi, GE Healthcare, SmartCommand Envirodashboard, and Accounting Probe
GE Sensing & Inspection Technologies Opens Middle East's First Dedicated Service and Training Centre in Abu Dhabi
GE Sensing & Inspection Technologies, part of GE Enterprise Solutions opened its first dedicated calibration, repair and training service centre in Abu Dhabi today at the CERT Technology Park. Nabil Habayeb, President and CEO of GE, Middle East and Africa opened the service and training facility in the presence of Tim Povall, Global General Manager, GE Measurement Solutions, and Dr. Bob Richards, CEO, CERT Technology Park...
GE Healthcare Announces First Deployment of ApexPro FH Telemetry System on CARESCAPE Enterprise Access at Memorial Hospital North
GE Healthcare announced today that Memorial Hospital North is the first healthcare institution to deploy ApexPro® FH, a spread-spectrum frequency hopping telemetry system, on its CARESCAPE™ Enterprise Access™ in-building wireless platform. The solution provides the hospital with a single, integrated, wireless platform that enables critical patient data to be securely coordinated, managed and distributed without the communications failures, interference or interruptions associated with un-integrated systems...
GE’s SmartCommand Envirodashboard
Hi everyone. I wanted to share with you a brief video highlighting some very cool features we are building into one of our newest eco-products, a new energy and water monitoring dashboard. GE’s SmartCommand Envirodashboard is user-interface panel, or smart panel, as it has been described in the news, which keeps track of energy and water consumption in the home or office. At the Research Center, we’re developing new features that will enable more active power and water management by a home...
GE to adjust accounting to end regulator probe: report
U.S. conglomerate General Electric Co is expected to make changes to its accounting policies in a bid to end a U.S. Securities and Exchange Commission probe, the Wall Street Journal reported on Tuesday citing people familiar with the situation....
GE Sensing & Inspection Technologies, part of GE Enterprise Solutions opened its first dedicated calibration, repair and training service centre in Abu Dhabi today at the CERT Technology Park. Nabil Habayeb, President and CEO of GE, Middle East and Africa opened the service and training facility in the presence of Tim Povall, Global General Manager, GE Measurement Solutions, and Dr. Bob Richards, CEO, CERT Technology Park...
GE Healthcare Announces First Deployment of ApexPro FH Telemetry System on CARESCAPE Enterprise Access at Memorial Hospital North
GE Healthcare announced today that Memorial Hospital North is the first healthcare institution to deploy ApexPro® FH, a spread-spectrum frequency hopping telemetry system, on its CARESCAPE™ Enterprise Access™ in-building wireless platform. The solution provides the hospital with a single, integrated, wireless platform that enables critical patient data to be securely coordinated, managed and distributed without the communications failures, interference or interruptions associated with un-integrated systems...
GE’s SmartCommand Envirodashboard
Hi everyone. I wanted to share with you a brief video highlighting some very cool features we are building into one of our newest eco-products, a new energy and water monitoring dashboard. GE’s SmartCommand Envirodashboard is user-interface panel, or smart panel, as it has been described in the news, which keeps track of energy and water consumption in the home or office. At the Research Center, we’re developing new features that will enable more active power and water management by a home...
GE to adjust accounting to end regulator probe: report
U.S. conglomerate General Electric Co is expected to make changes to its accounting policies in a bid to end a U.S. Securities and Exchange Commission probe, the Wall Street Journal reported on Tuesday citing people familiar with the situation....
Tuesday, January 22, 2008
Recent News: Solar, Water, Ecomagination, Bloomington, GE Money, New Facility, and Biffa.
Low cost, nano-based solar cell from GE
January 22, 2008 GE Global Research, has demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency. The breakthrough by the lab’s Nano Photovoltaics (PV) team is a promising new development in making PV systems more economically viable for consumers than conventional solar options...
Student accused of theft from GE plant claims he got busy and didn't send cheque to finance office
An Oshawa co-op student has been charged with theft after equipment from GE Canada was stolen and sold, city police said...
Water business helps spur GE results
Water treatment was among the “big-ticket” businesses that helped General Electric Co. (GE) report record fourth quarter and full-year 2007 financial results, news organizations and the company reported over the weekend...
Pilgrim’s Pride Earns GE Ecomagination Award for Reducing Greenhouse Gas Emissions, Waste Solids and Water Use
Pilgrim’s Pride Corporation (NYSE:PPC), the largest chicken company in the U.S., today received a 2008 ecomagination leadership award from GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), for achieving reductions in greenhouse gas emissions, waste solids, and water usage at its El Dorado, Arkansas facility. Presented at a general meeting of Pilgrim’s Pride executives in Atlanta, Georgia, the ecomagination award honors the company for achieving nearly $500,000 in annual operational savings and numerous environmental benefits...
Nonprofit organizations would be hit hard by loss of GE
The potential loss of Bloomington's General Electric plant may have repercussions throughout the area nonprofit community...
UK Biffa has approach from GE-backed fund: sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
GE Money Reports 650,000 Customers’ Data Lost
GE Money representatives officially announced on Friday that a backup tape containing the personal data of 650,000 customers has been reported missing since October2007 from an Iron Mountain storage facility. According to Iron Mountain representatives, no personal data appears to have been compromised so far, and this could just be a case of misplacement...
GE Opens New Facility in Skaneateles, New York
Today, GE Sensing & Inspection Technologies opens its new facility at 721 Visions Drive, Skaneateles, N.Y. An estimated 165 GE employees will be employed in the plant, which designs and manufactures remote visual inspection equipment for non-destructive testing in the aerospace, oil & gas and power generation industries...
UK Biffa has approach from GE-backed fund -sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
January 22, 2008 GE Global Research, has demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency. The breakthrough by the lab’s Nano Photovoltaics (PV) team is a promising new development in making PV systems more economically viable for consumers than conventional solar options...
Student accused of theft from GE plant claims he got busy and didn't send cheque to finance office
An Oshawa co-op student has been charged with theft after equipment from GE Canada was stolen and sold, city police said...
Water business helps spur GE results
Water treatment was among the “big-ticket” businesses that helped General Electric Co. (GE) report record fourth quarter and full-year 2007 financial results, news organizations and the company reported over the weekend...
Pilgrim’s Pride Earns GE Ecomagination Award for Reducing Greenhouse Gas Emissions, Waste Solids and Water Use
Pilgrim’s Pride Corporation (NYSE:PPC), the largest chicken company in the U.S., today received a 2008 ecomagination leadership award from GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), for achieving reductions in greenhouse gas emissions, waste solids, and water usage at its El Dorado, Arkansas facility. Presented at a general meeting of Pilgrim’s Pride executives in Atlanta, Georgia, the ecomagination award honors the company for achieving nearly $500,000 in annual operational savings and numerous environmental benefits...
Nonprofit organizations would be hit hard by loss of GE
The potential loss of Bloomington's General Electric plant may have repercussions throughout the area nonprofit community...
UK Biffa has approach from GE-backed fund: sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
GE Money Reports 650,000 Customers’ Data Lost
GE Money representatives officially announced on Friday that a backup tape containing the personal data of 650,000 customers has been reported missing since October2007 from an Iron Mountain storage facility. According to Iron Mountain representatives, no personal data appears to have been compromised so far, and this could just be a case of misplacement...
GE Opens New Facility in Skaneateles, New York
Today, GE Sensing & Inspection Technologies opens its new facility at 721 Visions Drive, Skaneateles, N.Y. An estimated 165 GE employees will be employed in the plant, which designs and manufactures remote visual inspection equipment for non-destructive testing in the aerospace, oil & gas and power generation industries...
UK Biffa has approach from GE-backed fund -sources
British waste-collection firm Biffa has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric, said sources familiar with the matter...
Recent News: Plant Closing, Economy, Earnings, GE Money, Ecomagination, GE Healthcare, and Biffa
GE plans to close Bloomington plant
General Electric said Thursday it plans to close its Bloomington refrigeration plant by the fourth quarter of 2009 due to losses of about $45 million last year and an expectation of similar losses this year...
GE brings market to life
A $600 or $800 check from the government won't pay for a jet engine or a power plant. But to the extent that GE is seen as a proxy for the broader economy, efforts to revive consumer confidence can only be beneficial to the company...
U.S. Stocks Decline, Led by Financial Shares; Sprint Tumbles
U.S. stocks fell, sending the Standard & Poor's 500 Index to its biggest weekly loss in five years, on concern President George W. Bush's $150 billion plan to revive the economy will fail to prevent a recession...
Local GE unit's 2007 profit rises 7 percent
General Electric Co. fourth-quarter net income rose to $6.7 billion, or 66 cents per share, from $6.4 billion, or 62 cents per share, a year ago...
GE Money Backup Tape With 650,000 Records Missing At Iron Mountain
Really, companies -- and Iron Mountain -- could do better. Iron Mountain can't find a backup tape belonging to GE Money that contains the personal information of some 650,000 customers of J.C. Penney and about 100 other retailers. GE Money handles credit card processing for the affected retailers...
GE to light up Land Tejas development
Land Tejas Cos., developer of Houston's Canyon Gate Communities, and General Electric have finalized an agreement to build Houston's first master-planned community to incorporate GE's ecomagination program...
Earnings roundup: Johnson Controls, GE
General Electric Co. delivered some cheer Friday to investors worried about a slowing economy, saying its quarterly profit rose 4 percent and reaffirming its outlook for 2008...
DJIA Leaders & Laggards: VZ GE
On the rising side, shares of conglomerate General Electric Co. rose $1.10, or 3.3 percent, to $34.31, after GE reported a 4 percent higher fourth-quarter profit...
Upbeat GE seeks targets in credit squeeze
General Electric yesterday sought to position itself as a safe haven in troubled times, saying that its global operations, low-cost base and strong credit rating would help it weather the credit squeeze and a weakening US economy...
GE studying bid for Spain's Colonial - report
U.S. conglomerate General Electric is studying a possible offer for troubled Spanish real estate firm Colonial newspaper Expansion reported on Saturday, quoting sources close to the deal...
GE Healthcare profits down 4 percent
Profits for General Electric Co.'s GE Healthcare division declined 4 percent in the fourth quarter because of ongoing production issues with a Utah subsidiary and a new federal law that GE says is continuing to put pressure on the medical imaging industry...
GE seeks to bag Biffa with £1.5bn offer
An Investment group backed by General Electric, one of the world's largest companies, has made a counter-approach worth about £1.5bn for Biffa, the British waste collection group...
General Electric said Thursday it plans to close its Bloomington refrigeration plant by the fourth quarter of 2009 due to losses of about $45 million last year and an expectation of similar losses this year...
GE brings market to life
A $600 or $800 check from the government won't pay for a jet engine or a power plant. But to the extent that GE is seen as a proxy for the broader economy, efforts to revive consumer confidence can only be beneficial to the company...
U.S. Stocks Decline, Led by Financial Shares; Sprint Tumbles
U.S. stocks fell, sending the Standard & Poor's 500 Index to its biggest weekly loss in five years, on concern President George W. Bush's $150 billion plan to revive the economy will fail to prevent a recession...
Local GE unit's 2007 profit rises 7 percent
General Electric Co. fourth-quarter net income rose to $6.7 billion, or 66 cents per share, from $6.4 billion, or 62 cents per share, a year ago...
GE Money Backup Tape With 650,000 Records Missing At Iron Mountain
Really, companies -- and Iron Mountain -- could do better. Iron Mountain can't find a backup tape belonging to GE Money that contains the personal information of some 650,000 customers of J.C. Penney and about 100 other retailers. GE Money handles credit card processing for the affected retailers...
GE to light up Land Tejas development
Land Tejas Cos., developer of Houston's Canyon Gate Communities, and General Electric have finalized an agreement to build Houston's first master-planned community to incorporate GE's ecomagination program...
Earnings roundup: Johnson Controls, GE
General Electric Co. delivered some cheer Friday to investors worried about a slowing economy, saying its quarterly profit rose 4 percent and reaffirming its outlook for 2008...
DJIA Leaders & Laggards: VZ GE
On the rising side, shares of conglomerate General Electric Co. rose $1.10, or 3.3 percent, to $34.31, after GE reported a 4 percent higher fourth-quarter profit...
Upbeat GE seeks targets in credit squeeze
General Electric yesterday sought to position itself as a safe haven in troubled times, saying that its global operations, low-cost base and strong credit rating would help it weather the credit squeeze and a weakening US economy...
GE studying bid for Spain's Colonial - report
U.S. conglomerate General Electric is studying a possible offer for troubled Spanish real estate firm Colonial newspaper Expansion reported on Saturday, quoting sources close to the deal...
GE Healthcare profits down 4 percent
Profits for General Electric Co.'s GE Healthcare division declined 4 percent in the fourth quarter because of ongoing production issues with a Utah subsidiary and a new federal law that GE says is continuing to put pressure on the medical imaging industry...
GE seeks to bag Biffa with £1.5bn offer
An Investment group backed by General Electric, one of the world's largest companies, has made a counter-approach worth about £1.5bn for Biffa, the British waste collection group...
