Utility scale wind turbines have become so technologically advanced that they have improved the cost of energy (COE) of wind enough to compete with today’s conventional energy sources. The ensuing reduction in COE has been the result of two governing forces: public policy and technological innovation. (more…)
General Electric has announced plans to build the nation’s largest photovoltaic panel factory, a major piece in the company’s new $600 million investment in solar technology.
About 5 percent of the world’s natural gas production is squandered each year through gas flaring, a process in which unused gas is burned while drilling for oil, a new analysis by General Electric has found.
In addition to wasting a potentially valuable energy resource — roughly 30 percent of the current consumption in the European (more…)
Since entering into the global renewable energy industry in the year 2002, General Electric has been recorded as investing over $850 million into various renewable energy technologies. In 2009, it was noted that General Electric’s renewable energy initiatives, which covered the gamut of renewable energy technologies, including (more…)
As part of Brazil’s 2010 Alternative Energy Auctions, GE (NYSE: GE) today announced deals with four developers to supply more than 400 megawatts of wind-generated electricity to the Brazilian grid. These commitments will be for 258 of GE’s 1.5 and 1.6-megawatt wind turbines.
“Being able to supply the best technology fit for Brazil’s wind conditions is at the center of (more…)
It seems like every week that there is news about how India is pushing forward with various aspects of their renewable energy plan. By all accounts, the nation is sparing no expense when they can and have been seriously investing in any form of renewable energy they can manage. While the usefulness of solar energy and wind power is apparent to those working on renewable (more…)
After four months of diligence sessions, 3,800 ideas, and 70,000 voices from 150 different countries, GE and its venture capital partners –RockPort Capital, Foundation Capital, Kleiner Perkins Caufield & Byers and Emerald Technology Ventures announced on Tuesday in New York the five winners of the innovation Challenge award: (more…)
After nearly a decade of delays, the largest wind farm in the U.S. is finally moving forward in one of California’s remaining premium wind resource regions, a spot where the Tehachapi Mountains touch the Mojave Desert in southern California.
Developed by New York-based Terra-Gen Power, the project is expected to grow to 3 (more…)
If I were the new CEO of Chevron, I would stop listening to the lawyers and bring the engineers into the boardroom to develop a strategy to invest a good portion of last year’s record $24 billion profit into inventing solutions to the adverse environmental and social impacts of the company’s operations around the globe.
It is clear that Chevron’s historical reliance upon litigation to get what it wants is being eclipsed by new activist strategies that have effectively boxed Chevron into a corner.