Chinese-made turbines to harness Texan winds
Last week, VentureBeat reported that China is likely to overtake the U.S. in green innovation and manufacturing. Now they’re proving it, with an announcement that 36,000 acres spanning several counties in Texas will be developed for wind power using 240 turbines made by the Shenyang… Continue Reading
General Electric turns Abu Dhabi’s Masdar City into appliance laboratory
Abu Dhabi has been drumming up publicity for its planned carbon-neutral, zero-waste community and research complex, Masdar City, recently — last week airing intentions to raise $600 million to start construction in earnest. Now it says it’s partnering with General Electric to test the conglomerate’s… Continue Reading
Whirlpool leaps into Smart Grid game with 1M smart dryers by 2011
Since the move toward a cleaner, more efficient electrical grid picked up speed last year, it’s been a land grab for goliaths like General Electric, IBM, Intel and Cisco Systems. Today, there’s a new player on the field: Major appliance maker Whirlpool is promising to… Continue Reading
Trilliant, ABB partner to make Smart Grid technologies interoperable
Trilliant, provider of communications infrastructure used to beam energy consumption data between so-called smart meters, utilities and their customers, announced today that it is partnering with automation company ABB to make sure their technologies can talk to one another. This type of interoperability is one… Continue Reading
GE, Tendril ink deal to create even better home energy management
General Electric’s Consumer & Industrial division finalized a deal with home energy management startup Tendril today to improve broadband communication between demand response appliances in the home, smart meters and utilities. Ideally, the result of this tandem project will be a wide range of appliances… Continue Reading
GE juices green economy with $100M battery plant
Batteries are attracting a great deal of cleantech buzz these days — a trend that’s just spiked with General Electric’s announcement that it will build a $100 million plant to make sodium-based batteries for hybrid locomotives and other heavy equipment engines. With plans to create… Continue Reading
GE kicks off $6B health care campaign
Modeled after its expansive Ecomagination clean energy campaign, General Electric has launched Healthymagination a $6 billion strategy to jumpstart health care innovation in the next six years — including $3 billion that will go directly toward development of products designed to make health care more… Continue Reading
IBM pours $2B into smart grid as other big names reach for a piece of the pie
IBM’s lending and leasing branch, IBM Global financing has committed $2 billion to fund startups and utilities working on smart-grid and green technology projects. With this investment, it leaps to the front of a crowd of major corporations like Intel, AT&T, General Electric and others… Continue Reading
Car battery maker A123 scores $15M more from GE
A123 Systems, maker of lithium-ion batteries — primarily for hybrid and electric cars — has nabbed another $15 million in funding from General Electric, marking the seventh time the conglomerate has invested in the capital-rich startup. This brings the total of A123’s recent round of… Continue Reading
Intel and General Electric team up on healthcare products
Intel and General Electric announced today that they have teamed up to deliver personal health care products and services to patients in their homes. Both companies will invest $250 million in the products and research over the next five years.
Intel chief executive Paul Otellini and… Continue Reading
TPI Composites raises $20M for wind turbine blades
TPI Composites, maker of blades for wind turbines, just brought in $20 million in second-round financing, mostly from General Electric’s Energy Financial Services and equity branch. The Scottsdale, Ariz. company will use the money to build out its manufacturing plants in Mexico, Iowa and China…. Continue Reading
Roundup: Moore’s Law extended, AT&T pays Apple $900M, Bill Gates’ new venture and more
Here’s the latest action:
Moore’s Law gets a life extension — Researchers at McGill University claim to have discovered a new state of matter, a “quasi-three-dimensional system,” that may extend the famous trend of tech companies being able to pack twice as many transistors onto computer chips… Continue Reading
Roundup: Yahoo, Apple pre-earnings reports, Akamai’s new ads, and more
Here’s the latest action:
Earnings: Yahoo may shortly be cutting employee compensation – This may be instead of or in addition to planned job cuts.
Earnings: Apple lowballs projections, as usual — Fortune’s Apple 2.0 blog has a closer look at this historical trend.
Akamai launches ad targeting service —… Continue Reading
Concentrating solar outfit Soliant Energy gets General Electric investment
General Electric seems to be covering its bases when it comes to solar power. The company, which four months ago bought a controlling stake in thin-film solar panel maker PrimeStar Solar, has added concentrating solar to its portfolio with a $2.5 million bet on Soliant… Continue Reading
Roundup: Buffet invests, M&As and IPOs sink, Mac laptops rise and more
Here’s the latest action:
In Buffet we trust — Billionaire Warren Buffet’s Berkshire Hathway group is investing $3 billion in General Electric. Why the investment? GE is the “symbol of American business to the world,” Buffet told VCCircle. That’s the spirit in a troubled economy — or… Continue Reading
Roundup: Palin’s email hacked, Google and G.E. team up, stocks take a dive
Wall Street’s crisis deepens — Panic in financial markets spread as Dow drops 4 percent, or 449 points. investors cash out of Goldman Sachs and Morgan Stanley. [photo: SFGate.com]
Carnage among tech stocks — Which of your favorites took a beating today?
Google and General Electric team up on… Continue Reading
Advanced Electron Beams promises a low-energy revolution for industry
Sometimes, a nice jet of flames is the best way to get a job done. More often, it’s not. Advanced Electron Beams, which just took a new round of funding led by General Electric’s venture arm, is a company that wants to help industries conserve… Continue Reading
Thin film maker PrimeStar Solar sells majority stake to GE Energy
PrimeStar Solar, a startup developing thin-film cadmium telluride (CdTe) solar cells, has sold a majority state to General Electric Energy, a division of tech giant GE.
Founded in 2006, PrimeStar makes use of technology developed in the National Renewable Energy Laboratory. In 2007, the company received… Continue Reading
GE, Chevron investing big-time in clean technology
General Electric invests more into clean technologies than any other company.
The company’s yearly allotment for Ecomagination, its cleantech investment arm, totals $1 billion, and GE says it’s on track to raise the number to $1.5 billion by 2010. Compare that to the mere $844 million… Continue Reading
Battery company, A123 Systems, loaded with cash
Battery maker A123 Systems has secured its place as the most heavily funded battery startup, adding $30 million in its fifth round of funding.
Early this year, A123 broke $100 million. The Watertown, Mass. company, which is developing new lithium ion technology, already has some products… Continue Reading