Wednesday, May 11, 2005

GE Will Double Spending on Ecofriendly Products

Chief Executive Officer Jeffrey Immelt will announce plans in Washington, D.C., today to double its research and development spending in the next five years for "cleaner products" including jet engines, power generation and locomotives, the company said in a statement.

General Electric, based in Fairfield, Conn., expects the spending increase to double sales from businesses that use wind turbines to create power, treat water and reduce greenhouse-emitting gasses. The push is part of a company-wide program called "ecomagination" that also includes goals for the reduction of greenhouse gases by General Electric facilities and increased energy conservation.

General Electric, the world's largest maker of turbines for power plants, locomotives, jet engines and medical imaging equipment, has its products measured by GreenOrder, an environmental consulting firm.
Great to see that GE has made the environment such an important priority. Even better to see that this is something that they think their customers will want. This GreenOrder company looks interesting.

via Seattle PI

1 comment:

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