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GE announces $10 billion investment in advanced energy

Posted by Industry News on Feb 26, 2014
GE announced that it is putting $10 billion more into its advanced energy R&D program as part of its Ecomagination initiative. This new commitment will bring total investment in the initiative to $25 billion by 2020. Two-thirds of the $10 billion will focus on natural gas and includes a push to improve power plant efficiencies and two new R&D partnerships with natural gas companies aimed at reducing waste and resource use in gas extraction. The other third will go to reducing the cost and increasing the output of GE’s wind turbines. Read more here.

Topics: Industry News