FAIRFIELD, CT, June 30, 2014 /3BL Media/ - GE (NYSE: GE) today released its 2013 update reporting the progress of the company's ecomagination and healthymagination initiatives, as well as its measureable impact from broader sustainability efforts. In 2013, GE invested more than $2 billion in research and development for ecomagination and healthymagination innovations, and projects with ecomagination offerings generated $28 billion in revenue.
BOSTON, April 30, 2014 /3BL Media/ – Long-time shareholder advocate and executive director of the Tri-State Coalition for Responsible Investment, Sister Patricia Daly, OP has been awarded the sixth-annual Joan Bavaria Award for Building Sustainability into the Capital Markets. The announcement was made today at the annual Ceres Conference, which is running April 30- May 1 at The Westin Waterfront Hotel in Boston, MA.
Remember back in 2005 when General Electric (GE) launched its Ecomagination initiative? Its purpose, as the liberal news site Grist put it at the time, was “to ramp up development of clean technologies and lighten the company’s Goliath-like environmental footprint.” A noble effort indeed.
Shifting rapidly with the weather, the supply of renewable power can be quite changeable. Most power plants, however, are anything but. Unable to ramp up or down quickly and efficiently, conventional facilities lack the ability to capitalize on a growing influx of wind and solar power to the grid.
One summer morning in southern Germany, Bertha Benz climbed into her husband’s car, grabbed her two teenage sons, and drove off to her mother’s house 60 miles away without telling her husband. What sounds like a budding family drama was in fact a historic roadtrip that launched the automobile age. Bertha’s husband was Carl Benz, the perfectionist inventor of the automobile, who has been reluctant take his car for a drive “until it’s ready.” Bertha, on the other hand, lacked Carl’s patience and wanted to show the results.
The world's largest collection of medical research institutions and hospitals, the Texas Medical Center, depends on GE's natural gas-fueled turbine unit to support its 280-building empire. That same technology was used to provide Japan with power after the devastating earthquake and tsunami in 2011, and will be used to power next year's Winter Olympic Games in Russia.