GE CEO: Expects Clean-Technology Revenue Of $21 Billion This Year
General Electric is becoming more renowned for its clean technology as revenues from the resulting innovations greatly increase and the world places more focus on the importance of nuclear energy. Here, GE CEO, Jeff Immelt, discusses these topics in relation to GE.
BOSTON -(Dow Jones)- General Electric Co. (GE) chief executive Jeff Immelt said Tuesday the company expects revenue from clean technology to total $21 billion this year.This figure is higher than the $5 billion in revenue from clean technology GE earned in 2005, Immelt said, amid applause from an energy-conscious audience at a Massachusetts Institute of Technology forum on clean energy innovation and green jobs. Speaking on the prospects of nuclear energy in the wake of the nuclear crisis in Japan, Immelt said, "Even before the crisis in Japan, the nuclear renaissance was stalled."
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