GE Still “Hungry” For Cleantech Acquisitions

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.


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of