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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...