GE CEO: Expects Clean-Technology Revenue Of $21 Billion This Year
GE CEO: Expects Clean-Technology Revenue Of $21 Billion This Year
Summary
General Electric is becoming more renowned for its clean technology as revenues from the resulting innovations greatly increase and the world places more focus on the importance of nuclear energy. Here, GE CEO, Jeff Immelt, discusses these topics in relation to GE.
BOSTON -(Dow Jones)- General Electric Co. (GE) chief executive Jeff Immelt said Tuesday the company expects revenue from clean technology to total $21 billion this year.This figure is higher than the $5 billion in revenue from clean technology GE earned in 2005, Immelt said, amid applause from an energy-conscious audience at a Massachusetts Institute of Technology forum on clean energy innovation and green jobs. Speaking on the prospects of nuclear energy in the wake of the nuclear crisis in Japan, Immelt said, "Even before the crisis in Japan, the nuclear renaissance was stalled."
About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
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