Friday, 4 September 2015
Last updated 1 hour ago
Feb 27 2009 | 8:38am ET
GE has invested $150 million in 16 different cleantech startups through it Ecomagination division in the past two-and-a-half years and is looking for more, said the vice president of the division, Steve Fludder.
“We’re as hungry as we’ve always been,” he told participants at the Cleantech Forum in San Francisco this week.
Although the company’s stock has suffered for the performance of GE capital, its investment in energy infrastructure and technology has performed well. According to 24/7 Wall St., revenue from GE’s energy infrastructure business rose from $19.8 billion in 2004 to $38.5 billion in 2008. Revenue from its technology infrastructure business grew from $30 billion to $46.3 billion over the same period, and profits from both segments have shown similar growth.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…