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GE's ecomagination Reaches $105 Billion in Revenue 2012.07.01

Fairfield, Conn., USA - June 28, 2012 - GE (NYSE: GE) today released its 2011 ecomagination progress report, announcing that the initiative has reached more than $105 billion in sales and services since its launch in 2005. For the year, GE generated $21 billion in revenues from ecomagination products and services and invested more than $2 billion in research and development, continuing progress toward the company's goal of a $10 billion cumulative investment from 2010 to 2015.

Ecomagination is General Electric’s company-wide environmental initiative to decrease pollution from its products and increase research and development on cleaner technologies.
Courtesy of GE
 

Company Releases 2011 Progress Report

• $21 billion in revenue in 2011

• R&D investments exceed $2 billion

• 34 new products & services increases ecomagination portfolio to 142

• Report outlines progress in R&D, efficiency, water use and GHG emissions


Courtesy of GE
 

Fairfield, Conn., USA - June 28, 2012

GE (NYSE: GE) today released its 2011 ecomagination progress report, announcing that the initiative has reached more than $105 billion in sales and services since its launch in 2005.

For the year, GE generated $21 billion in revenues from ecomagination products and services and invested more than $2 billion in research and development, continuing progress toward the company’s goal of a $10 billion cumulative investment from 2010 to 2015.

Eating on a Green Roof: New York's Buildings Provide Food, Habitat for Wildlife.
Courtesy of GE ecomagination
 
Thirty four new products and services were added to the ecomagination portfolio in 2011, including
:

The FlexEfficiency 50 Combined Cycle Power Plant, a first-of-its-kind power plant engineered to deliver a new standard for flexibility and efficiency.
The technology enables the integration of power from a variety of sources, including solar and wind.

The Waukesha 275GL+ natural gas engine, which produces lower greenhouse gas emissions relative to comparable natural gas engines. In one application, a 16V Waukesha 275GL+ engine operating at the same horsepower as a competitive engine can avoid more than 1,900 metric tons of CO2 emissions per year, equivalent to the annual CO2 emissions of more than 380 cars on U.S. roads.

GE’s RailEdge Movement Planner® software technology that helps railroad customers move freight faster and smarter.
In one example, a customer increased average train velocity in a segment of its network by 10 percent.
If used throughout the network, it could help avoid the consumption of 37 million gallons of diesel fuel per year, equivalent to the annual CO2 emissions of approximately 73,000 cars on U.S. roads.

Eating on a Green Roof: New York's Buildings Provide Food, Habitat for Wildlife.
Courtesy of GE ecomagination
 

GE also introduced its first two ecomagination-qualified solutions – the fleet electrification solution and the ecomagination Kitchen, a suite of products that can help to reduce kitchen electricity use by up to 20 percent.

Courtesy of GE
 
“In a volatile world where the global population is increasing and governments are under financial pressure, ecomagination is a path forward,” said Mark Vachon, vice president of ecomagination, GE.
“The results we have generated through ecomagination prove we are delivering to our customers what they need most. Whether they are countries, municipalities, companies or individuals, ecomagination is about resource efficiency and increased productivity – ecomagination offers great economics.”

34 new ecomagination products and solutions were introduced in 2011part 1/2.
Courtesy of GE
 
Reinforcing its commitment to open innovation, to date, GE and its venture capital partners have invested $134 million in GE’s ecomagination Challenge winners
.

34 new ecomagination products and solutions were introduced in 2011 – part 2/2.
Courtesy of GE
 
In 2011, the company launched a regional Challenge in China where it committed $100 million to find and fund the best gas-powered energy applications.


GE’s Waukesha 275GL+ spark-ignited, natural gas engines - powering natural gas compressors in the storage, production, and transmission segments - have greater fuel efficiency, horsepower, and produce lower emissions than competitive engines.
Courtesy of GE
 
Since its launch, the Challenge has produced 22 new commercial partnerships, including energy efficient building maker, Project Frog and SynapSense, makers of wireless sensor technology and software that reduces electricity consumption in data centers
.

GE’s RailEdge Movement Planner® software enables a train dispatcher to set train routing based on configurable railway business objectives and real-time field traffic reports on train location, local track delays and constraints, and dispatching and maintenance activities.
Installing GE’s RailEdge Movement Planner® software can reduce delays and increase average train velocity within a given railroad network, improving train productivity.
Courtesy of GE
 
All have the potential to transform markets and radically increase resource efficiency
.

The report also highlights GE’s industry-leading operational rigor, which resulted in further greenhouse gas and water use reductions.

Courtesy of GE
 
Greenhouse gas emissions were lowered 29 percent as compared with an adjusted 2004 baseline
.

Similarly, fresh water use was reduced 35 percent from the 2006 adjusted baseline.

National Gallery in London Honors Van Gogh With World’s First Living Wall Painting.
Courtesy of GE / National Gallery in London
 
The 2011 ecomagination progress report provides an update on the advancements GE has made against its five ecomagination commitments, which include
:

1. Double investment in clean-tech research and development: GE reinforced its commitment to investing in the future, deploying $2.3 billion in ecomagination R&D. With a total R&D investment of more than $4 billion in 2010 and 2011, the company is on track toward its goal of a $10 billion cumulative investment from 2010 to 2015.

2. Increase revenues from ecomagination products: In 2010, GE set an ambitious goal of growing ecomagination revenues at twice the rate of total company revenue in the next five years. With 34 new products and services generating $21 billion –ecomagination revenue continues to grow at twice the rate of total company revenues.

3. Reduce greenhouse gas (GHG) emissions and improve the energy efficiency of operations: In 2011, GE energy use was lowered to 48.17 million MMBtu, a reduction of 19 percent from the adjusted 2004 baseline. In addition, greenhouse gas emissions were lowered to 5.09 million metric tons of CO2 equivalents, a reduction of 29 percent from the adjusted 2004 baseline.

4. Reduce water use and improve water reuse: Total fresh water use was 9.1 billion gallons, a 35 percent reduction from the 2006 baseline, and a 13.5 percent decrease from 2010.

5. Keep the public informed: GE is committed to keeping our customers, stakeholders and communities informed and engaged. Interact with the 2011 ecomagination progress report at: www.ecomagination.com/progress  or follow us on Twitter @ecomagination.


Courtesy of GE
 

About GE

GE (NYSE: GE) works on things that matter.
The best people and the best technologies taking on the toughest challenges.

General Electric headquarters in Fairfield, Conn., USA.
Courtesy of General Electric
 
Finding solutions in energy, health and home, transportation and finance.
Building, powering, moving and curing the world.
Not just imagining. Doing. GE works.


For more information, visit the company's website at www.ge.com  


Press contacts

Lindsay Lorraine
GE
+1 347 712 0424(mobile)
lindsay.lorraine@ge.com  


Source: General Electric Company

http://www.genewscenter.com/content/default.aspx  



Mark L. Vachon

Vice President, GE ecomagination

Mark Vachon
Courtesy of GE
 
Mark Vachon, a 29-year GE veteran and Corporate Officer and member of GE's Corporate Executive Council, leads ecomagination, GE’s business strategy that has invested $5 billion in clean tech research and development and generated $106 billion in revenues through 2011.

Most recently, Mark served as President & CEO of GE Healthcare’s $9 billion Americas Region, leading activities in the United States, Canada and Latin America.

His responsibilities spanned across all of GE Healthcare’s diagnostics, health information technology and life sciences product and service offerings.
As a key leader of GE's healthymagination initiative, Mark also focused on strategic engagement of governments and clinicians to lower costs, improve quality and achieve greater access to healthcare.

Prior to leading the America’s Region, Mark served as President and CEO of GE Healthcare’s $8 billion Global Diagnostic Imaging organization headquartered in Waukesha, Wisconsin, providing world-class technology in imaging and diagnostics.

Since joining GE in 1982, and graduating GE’s leadership programs, Mark has provided leadership in a number of GE’s businesses, including GE Appliances, GE Plastics - Europe, NBC, and GE’s investor relations. In recognition for his contribution to GE, Mark was appointed a Corporate Officer in 1999.

Mark serves on the Overseers Board for Northeastern University, Boston – his alma mater.


Source: General Electric Company

http://www.ecomagination.com/leadership  



ASTROMAN Magazine – 2012.06.08

GE Healthcare and Philips Healthcare Commend FCC Rule for Wireless Medical Sensor Technologies

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ASTROMAN Magazine – 2012.06.07

Microsoft and General Electric Healthcare Complete Joint Venture Agreement for new company Caradigm

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ASTROMAN Magazine – 2012.04.22

GE Healthcare to Develop Next Generation Compact Cyclotron and PET Tracer System for Global Markets

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1224  


ASTROMAN Magazine – 2012.04.07

GE Hitachi Nuclear Energy Signs MOU Agreement with National Nuclear Laboratory to Work on Tackling UK Plutonium Stockpile

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1215  


ASTROMAN Magazine – 2011.12.11

GE, Microsoft to Launch Joint Venture Aimed at Global Healthcare System Transformation

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ASTROMAN Magazine – 2011.12.04

GE Healthcare Taps Global Industry Leader to Head Magnetic Resonance Business

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ASTROMAN Magazine – 2011.10.27

Texas Scottish Rite Hospital for Children Purchases Carestream's DRX-Evolution

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ASTROMAN Magazine – 2011.10.04

GE Healthcare Spotlights its Commitment to Advancing Cancer Care at ASTRO 2011

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1071  


ASTROMAN Magazine – 2011.09.18

GE Healthcare to Invest $1 Billion in New Oncology Solutions

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1060  


ASTROMAN Magazine - 2011.09.18

GE Hitachi Nuclear Energy and Fluor Corporation Team Up on Polish Nuclear Power Plant Project

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1059  


ASTROMAN Magazine - 2011.09.08

GE Hitachi Nuclear Energy Expands Workforce Training Collaboration with Poland's University Sector

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1052  


ASTROMAN Magazine - 2011.09.06

GE Energy Completes $3.2 Billion Deal to Acquire Converteam

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1051  


ASTROMAN Magazine – 2011.07.11

GE Healthcare Wins Design Excellence Awards for Magnetic Resonance Imaging

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1017  


ASTROMAN Magazine – 2011.06.04

GE Healthcare Opens Life Sciences Demonstration Laboratory in Stockholm, Sweden

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=986  


ASTROMAN Magazine – 2011.04.30

Metropolitan Chicago Healthcare Council to Develop Nation's Largest Metro Health Information Exchange

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ASTROMAN magazine


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