Tag Archives: General Electric

Western Wind Cos. Losing Chinese Market Share, But Is a Wind Bubble Forming?

Chinese companies are churning out turbines, but is there a market?

General Electric, Vestas Wind Systems, Siemens and other western wind companies saw their combined share of the Chinese green energy market fall from 71 percent in 2005 to 14 percent last year, according to a Bloomberg report.

Still, there are warning signs that all of this investment in wind, particularly in northwestern China, is creating a “wind bubble” and the sector will require generous subsidies for years to come, according to The Guardian.

The articles make for interesting side by side reading. Continue reading Western Wind Cos. Losing Chinese Market Share, But Is a Wind Bubble Forming?

New Quarter, Same Story: Energy Infrastructure Profits Up at General Electric

Yes, this is another picture of windmills.

New quarter, same story for General Electric.

Profits from energy infrastructure, a category that includes wind turbines, grew by 12 percent over the same period last year while profits fell in almost every other division.

While sideline businesses like GE Capital and NBC Universal continue to drag on earnings, green energy is keeping the industrial giant strong. Continue reading New Quarter, Same Story: Energy Infrastructure Profits Up at General Electric

March Top Ten Players In Green Energy

Welcome to the March edition of G.E.R.’s Top Ten Players in Green Energy. This month Chevron and its pragmatic green strategy takes the lead. Our ranking looks back over the previous month and takes into account a player’s ability to influence the cleantech industry, whether it be because of a forceful policy position, access to funding or a combination of the two.

1: Chevron

Over the last decade, some oil and gas majors jumped right into the green energy revolution, hoping to leverage their considerable cash and energy expertise into a profitable sideline in renewables. That tactic has not weathered the recession well, as BP has shown in the last year. Enter Chevron with a new approach. The California-based company has been easing into green energy with an eye towards making its core oil and gas business less energy intensive. In March, The company opened Project Brightfield, an 8-acre facility to test solar panels under different conditions and compare the performance against benchmark technologies. Chevron is also testing concentrating photovoltaic technology at a mine in New Mexico and solar steam technology in Central California. It’s not a strategy that’s going to save the world, but it is moving green energy forward.

2: Steven Chu, Energy Secretary

Every day, there is one thing you can be sure Energy Secretary Chu thinks about: China, and how can the U.S. beat the rising green power to lead the global green economy. These days, the Secretary is not mincing words, reminding anyone who’ll listen that failure is not an option. He’s blunt and says that right now, void of any climate change law and paralyzed by the loud voices of climate change deniers, the U.S. is losing that race! At a press briefing last month, Chu told reporters that on China, “the U.S. should sit up and take notice.” He added: “The [Chinese] leadership increasingly sees economic opportunity in cleantech… Having missed the industrialized revolution and the semiconductor revolution, they do not want to miss this opportunity.”

Continue reading March Top Ten Players In Green Energy

March Top Ten Players In Green Energy

Welcome to the March edition of G.E.R.’s Top Ten Players in Green Energy. This month Chevron and its pragmatic green strategy takes the lead. Our ranking looks back over the previous month and  takes into account a player’s ability to influence the cleantech industry, whether it be because of a forceful policy position, access to funding or a combination of the two.

1: Chevron

Over the last decade, some oil and gas majors jumped right into the green energy revolution, hoping to leverage their considerable cash and energy expertise into a profitable sideline in renewables. That tactic has not weathered the recession well, as BP has shown in the last year. Enter Chevron with a new approach. The California-based company has been easing into green energy with an eye towards making its core oil and gas business less energy intensive. In March, The company opened Project Brightfield, an 8-acre facility to test solar panels under different conditions and compare the performance against benchmark technologies. Chevron is also testing concentrating photovoltaic technology at a mine in New Mexico and solar steam technology in Central California. It’s not a strategy that’s going to save the world, but it is moving green energy forward.

2: Steven Chu, Energy Secretary

Every day, there is one thing you can be sure Energy Secretary Chu thinks about: China, and how can the U.S. beat the rising green power to lead the global green economy. These days, the Secretary is not mincing words, reminding anyone who’ll listen that failure is not an option. He’s blunt and says that  right now, void of any climate change law and paralyzed by the loud voices of climate change deniers, the U.S. is losing that race! At a press briefing last month, Chu told reporters that on China, “the U.S. should sit up and take notice.” He added: “The [Chinese] leadership increasingly sees economic opportunity in cleantech… Having missed the industrialized revolution and the semiconductor revolution, they do not want to miss this opportunity.”

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Will The New Climate Bill Require Developers to Buy American?

A "buy American" provision in new climate legislation could backfire.

Will senators crafting a new climate bill attach a “buy American” restriction to projects backed by the U.S. government?

A Bloomberg article contemplates that possibility this morning as the fallout from the $1.5 billion Texas wind farm, which will use Chinese wind turbines and may get stimulus  dollars, continues. Continue reading Will The New Climate Bill Require Developers to Buy American?

UK Set To Land Siemens Wind Turbine Plant

Siemens, the German industrial conglomerate, is reportedly looking to build a wind-turbine manufacturing plant in the United Kingdom. The ?75 million ($112 million) facility could create 700 direct jobs.

This is the second such announcement in less than a week.  A few days ago General Electric, Siemens main competitor, said it would invest €340 million ($453 million) to develop and expand its wind turbine operations in the United Kingdom as well as Norway, Sweden and Germany.

Continue reading UK Set To Land Siemens Wind Turbine Plant

This Week In Green Energy: The Solar Shuffle

Week of:  March 22, 2010 – March 26, 2010

Solar Millennium is not in trouble, its finances are solid and it only hired an auditing firm to dispel ongoing negative market rumors surrounding the German solar company. In essence, that’s what the company’s flacks told G.E.R. in an email response to questions we sent them several days ago.

A number of questions do, however, surround the company. Obviously, it’s never a good sign when a high-profile CEO resigns 75 days into the job. That’s what happened two weeks ago, when Utz Claassen suddenly stepped down. A few days later, the company hired Deloitte to review its books.  A few days after that announcement, Solar Millennium appointed Chief Financial Officer Thomas Mayer as its CEO.

To recap the past two weeks, Solar Millennium has lost a newly appointed CEO, begun a five-year audit of its financial performance and appointed a new CEO.

Continue reading This Week In Green Energy: The Solar Shuffle

General Electric Makes ?340 Million Investment in Europe?s Offshore Wind

GE is betting on its new 4-megawatt wind turbine

General Electric announced plans today to invest ?340 million ($453 million) to develop and expand its wind turbine operations in the United Kingdom, Norway, Sweden and Germany in its biggest bet to date on offshore wind in Europe.

The core of the plan is a ?110 million investment for a new offshore turbine manufacturing plant in the U.K. aimed at tapping the government?s multibillion sterling offshore wind plan.

Continue reading General Electric Makes ?340 Million Investment in Europe?s Offshore Wind

General Electric Makes €340 Million Investment in Europe’s Offshore Wind

GE is betting on its new 4-megawatt wind turbine

General Electric announced plans today to invest €340 million ($453 million) to develop and expand its wind turbine operations in the United Kingdom, Norway, Sweden and Germany in its biggest bet to date on offshore wind in Europe.

The core of the plan is a €110 million investment for a new offshore turbine manufacturing plant in the U.K. aimed at tapping the government’s multibillion sterling offshore wind plan.

Continue reading General Electric Makes €340 Million Investment in Europe’s Offshore Wind

GE, PrimeStar Solar Team Up to Focus R&D Efforts on Thin Film PV

General Electric is focusing its considerable R&D might on building the most efficient solar modules on the market and announced today it is working with startup PrimeStar Solar Inc., on thin film photovoltaic technology.

The cadmium telluride solar cells are being developed at the Arvada, Colo.-headquarters of PrimeStar, which is majority owned by GE. Continue reading GE, PrimeStar Solar Team Up to Focus R&D Efforts on Thin Film PV