NewEnergyNews More: GE Can Beat The Market With New Energy

Every day is Earthday.

Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart



Your intrepid reporter


    A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.


Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Monday, December 17, 2018

    GE Can Beat The Market With New Energy

    General Electric May Be Forced to Bet on Renewable Energy; With many legacy businesses crumbling, GE may see a rare bright spot in renewable energy.

    Travis Hoium, December 16, 2018 (The Motley Fool)

    Despite General Electric (NYSE:GE) being a world leader in wind energy, renewable has always been…overshadowed by power plants, oil and gas, aviation, GE Capital, and healthcare, which generated more revenue and profits…[but power plants are in structural decline, oil and gas hasn't been as profitable as expected, and GE Capital is a shell of its former self…Despite being a small business for General Electric, the company's renewable energy business is actually one of the largest in the world. In the third quarter of 2018 alone, GE's renewable energy segment generated $2.9 billion in revenue, or an annualized rate of $11.6 billion, beating what some of the biggest renewable energy companies in the world make in an entire year…

    [GE] could acquire its way to dominance in solar, energy storage, and smart devices. It could also leverage GE Capital to develop and build renewable energy projects using other companies' technology…[And] it could leverage existing relationships…Housing multiple groups of technologies under one roof could help lower the cost of integration across technologies and bring unique product and service offerings to market…GE could build a solar farm with wind turbines and energy storage all on one site…[and sell smoothed] streams of electricity to utilities…If GE is profitable and has tax liabilities, it could even use the tax credits that come with renewable energy development…[The renewable energy industry could use a company with GE's scale to help it gain more mainstream recognition and grow to the scale of other energy industries…” click here for more


    Post a Comment

    Note: Only a member of this blog may post a comment.

    << Home