Finavera Renewables Signs $7.5 million Joint Development Agreement with GE Energy

According to the press release, “Finavera Renewables Inc. (‘Finavera Renewables’ or the ‘Company’) (TSX-V: FVR) is pleased to announce it has entered into a project development partnership with GE Energy, a business unit of GE. Under the terms of the Joint Development Agreement (JDA), GE will provide Finavera Renewables with project development funding up to [...]

Trilliant Raises $106 Million of Capital

According to the press release, “Trilliant Incorporated, a leader in delivering Smart Grid solutions that enhance energy efficiency, utility operations, and renewable resource integration, today announced that it has closed financing totaling $106 million from a global syndicate of industry and financial leaders. The financing round was led by two highly-respected financial investors, Investor Growth [...]

GE & Partners Announce $200 Million Global Commitment to Accelerate Power Grid Technology

According to the press release, ” GE (NYSE: GE) announced today a $200 million open innovation challenge that seeks breakthrough ideas to create a smarter, cleaner, more efficient electric grid, and accelerate the adoption of more efficient grid technologies. GE Chairman and CEO Jeff Immelt unveiled the challenge, the “GE ecomagination Challenge: Powering the Grid,” [...]

ITOCHU Corporation and GE entered into collaboration agreement

According to the press release, “ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) and General Electric Company (headquartered in Fairfield, CT; Jeff Immelt, Chairman & CEO) entered into a collaboration and cooperation agreement to identify co-investment opportunities in renewable energy worldwide. Under this agreement, General Electric’s GE Energy Financial Services [...]

GE, Nissan to Drive Smart Charging for Electric Vehicles

According to the Press Release, “In the race to build a smart-charging infrastructure that fuels the coming plug-in car revolution, GE and Nissan have teamed to research new technology developments that will make smart charging a reality. The two companies signed a three-year Memorandum of Understanding (MOU) to explore new technologies that are needed to [...]

Price ultimate driver of greener energy use: GE

According to Reuters, “Pricing systems that encourage households to use energy more efficiently are the best way to help consumers to protect the environment, a senior General Electric Co executive said on Tuesday. Bob Gilligan, GE’s vice president of transmission and distribution, said the development of appliances that adjust their own energy use in response [...]

GE, Petrobras Using Sugarcane-Based Ethanol to Produce Electricity

According to Press Release, “As further evidence of their commitment to renewable energies, GE (NYSE: GE) and Brazil’s federal energy company, Petrobras, today celebrated the world’s first use of sugarcane-based ethanol in a gas turbine system to produce electricity on a full commercial scale. The operation, at the Juiz de Fora Power Plant, is a [...]

General Electric joins the $23 million in funding round for Solaredge

According to the Press Release, “SolarEdge, whose technology increases solar power systems’ output by up to 25 percent, announced today that GE, unit GE Energy Financial Services has joined a US$23 million funding round to support growth in residential and large-scale photovoltaic sites. SolarEdge’s other investors are US venture capital leaders Opus Capital and Walden [...]

“Green” economy needs targets, free trade: GE

According to Reuters, “The world needs tougher targets to boost low-carbon energy, both nationally and in global climate change talks, the head of General Electric Co’s energy business John Krenicki said on Wednesday. ‘If you really want it to take off, governments have got to set the framework,’ he told Reuters. ‘What we can’t have [...]

Smart Grid System in Wailea (Hawaii)

As power developers are drawing plans for wind farms in unpredictable currents and goals of 70% clean energy must be met state wide by 2030, General Electric (GE) is planning to test its Smart Grid system in Wailea – a resort community on Maui. Currently the state of Hawaii generates 90% of power from fossil [...]