GE Doubles Down on Ecomagination

GE's head of Ecomagination, Mark Vachon, told me that absence of energy policy from the U.S. isn't stopping from GE from continuing to invest in wind, solar and smart grid businesses. The company has committed $10 billion to investments in Ecomagination products and services over the next five years, twice what it spent during the program's first phase.

"The U.S. (clean energy) market will slow down," Vachon said. "Is the reaction, let's put our pencils down and quit? That's not in our DNA. Our policy is action." GE expects the growth of its sprawling EcoMagination portfolio to be greater outside the U.S., in places like China, Australia and Brazil, than it is here. "China couldn't be more clear about where they are going," he said.

To continue reading about Mark Vachon’s comments on GE's ecomagination efforts, click here.

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GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
 
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