At GEreports, we come across interesting numbers every day — from patents applied for (more than 2,500 last year) to how much water would be saved if every U.S. household using a non-Energy Star washer replaced it with a GE front-load washer (9 trillion gallons over 12 years). Sometimes these get overlooked or drowned out by other news.
Seeing green: These wind turbines in The Netherlands are part of the clean energy solutions that make GE the largest supplier of wind turbines in the U.S. and the second largest supplier in the world.
In our new occasional series, By the Numbers, we’ll give one of these standout numbers their proper due. Since today’s St. Patrick’s Day, we’ve picked an appropriately green number: 12,000, which is the number of GE wind turbines installed worldwide. They produce enough electricity to power nearly 5 million U.S. households annually.
In Europe, GE Energy sees 2009 as a year of opportunity. As Victor Abate, vice president for the renewables arm of GE Energy, told Reuters in an interview yesterday: “Last year we announced the introduction of our 2.5 megawatt machine which we think will adapt well in Europe.” As the Reuters story notes, GE’s goal is to increase capacity in Europe in 2009 by 800 MW — which is the size of a nuclear reactor — to 1,000 MW.
“And after that we see continued growth in Europe notably because of the EU’s legislation to source 20 percent of its energy from renewable sources,” Abate added.
* Read the Reuters story.
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I really can not believe that you keep on using GE REPORTS as your own marketing propaganda machine .You should be able to understand by now by the lack of comments on these fluf articles that GE INVESTORS want facts and numbers dealing with GECC or other pertinent parts of the business.If this does not CHANGE soon GE REPORTS will become as irrelevent as the past opaque quaterly reviews.I was hoping that GE finally understood that the company had to be as open and truthful with its shareholders and stockbrokers as it is with it’s customers.I think you need some six sigma projects to find out why GE keeps doing what it wants and what the marketplace does not want and why the stock keeps tanking??? NO MORE FLUF !!!
"enough electricity to power nearly 5 million U.S. households"…is this based on peak capacity (when the wind is blowing at optimum speed), or average capacity?
I, for one, appreciate GE Reports bringing to light the significant contribution GE is making to renewable energy. Mainstream media works entirely too hard to ferret out smoking gun news stories focused on the economy rather than embracing the amazing changes US companies are making for the good. We should be putting a very visible US face on GE’s wind energy technology to facilitate installing as many new turbines in the US as overseas. Keep up the good work.
The predominant green of the above picture inspires me to wish everyone Happy St. Patrick’s Day celebration!
To: Jeff Immelt, Keith Sherin and Mike Neal….Please let’s be very honest with the bottom line for your meetings tomorrow.
The world will appreciate GE for the truth and only the truth…..If you make false statements I don’t want GE stock reach to $1.99…..
Let’s be very honest boys!!!
GARY……………100% ON TARGET………..GE REPORTS DELETES ALL NEGATIVE BLOGGS…………GE reports is a propaganda tool to keep the GE masses under controland not ment for shareholders concerns
JerryM – are you shorting GE, you’ve been talking about being burnt on the way down, watch it you’ll get burnt on the way up!!!!!
ATT>>>>>>>> Cashedup……..I happen to own more GE then GE executives…..I expect to see 20+ and contemplating legal action against those analyst’s whose firms both maintained a market in GE at the same time produced negative reports in support of their firims trading position. My pet peeve is the fact many, many retail investors were seriously damaged financially with reports placed in a timely fashion to devalue the shares in GE at or near option expiration.
I know what you’re talking about Jerry M, I got burnt on a gold stock in early 2000, financials were perfect, little debt, strong hedge book, company even stated 2 months before that their hedge book was strong, I made one big mistake though, I overlooked the fact that the 2 owners (who had run the company for 25 years) sold out of their stock 12-18 mths before, the execs running the company had no equity in the company, they were their to wind it up, shortly after the "strong hedge book announcement" they went to chapter 10, the hedge book was quite the opposite of what they had said, the rising gold price had destroyed it – you live and learn though dont you, now this is the first tenement in my investment strategy, if a company doesnt meet this criteria, I dont touch it with a barge pole.
Its all about ownership – lobby your government, write to Obama, let him know your hurting – no one would be sitting on losses of these magnitudes if these Executives OWNED their company!!!
I can’t believe that you suspended Keith Olbermann for giving campaign contributions. Isn’t that ironic and against the American way of life “put up or shut up.