ge 2006 ecomagination report
Delivering on ecomagination
Ecomagination is a business strategy to meet customers’ demands for more energy-efficient, less emissive products and to drive reliable growth for GE — growth that delivers for investors long term. Ecomagination also reflects GE’s commitment to invest in a future that creates innovative solutions to environmental challenges and delivers valuable products and services to customers while generating profitable growth for the Company. GE continues to work with customers, governments, non-governmental organizations and global technologists to execute on our products and services to help tackle some of the world’s biggest challenges.
Contents
2 AboutThisReport 4 ALetterfromJeffImmelt
andLorraineBolsinger 6 DoubleOurInvestmentinR&D 14 IncreaseRevenuesfrom
ecomaginationProducts 28 ReduceOurGreenhouse
GasEmissionsandImproveEnergySavings
32 KeepthePublicInformed 37 GEataGlance
ecomagination 2006 resultsInitssecondfullyearafterthelaunchofecomaginationinMay2005,GEhasmadesignificantprogressoneachofitsfourmaincommitments:
1. DoubleinvestmentincleanR&D•GEinvested$900millionincleaner
technologiesin2006.
2. Increaserevenuefromecomaginationproducts
•GEhasincreaseditsecomaginationpipelineby50%overthelastyear—from30productsto45.
•2006revenuesat$12billion;ordersandcommitmentshaveincreasedto$50billion.
3. Reducegreenhousegas(GHG)emissions
•GEisontracktoreachitsinternalcommitment.GHGemissionsin2006fromoperationshavebeenreducedbyabout4%fromthe2004baseline.GHGandenergyintensityhavebeenreducedby21%and22%respectivelycomparedto2004.
4. Keepthepublicinformed• Inadditiontothisreport,GEis
keepingthepublicinformedviaitsecomaginationWebsite,dozensofglobalconferencesandstakeholderevents.
2 ge 2006 ecomagination report
About This ReportThe world’s environmental challenges present an opportunity for GE to do what it does best: imagine and build innovative solutions that benefit our customers and society. Ecomagination is a vision and commitment to harness GE’s unmatched products and services to address the world’s pressing environmental issues.
ArklowBankWindPark,IrishSea
ThesecommitmentsrepresentambitiousgoalsforGEandreflectthebroaderchallengesfacingourcustomersandsociety.Drawingonourglobalcapabilities,ourstrengthsintechnologyandourknowledgeofmarketsaroundtheworld,however,givesustheabilitytopositionourselvestobuildabroadportfolioofinnova-tivesolutionstoarangeofenergyandenvironmentalchallenges.
AsGEentersitsthirdyearofthislong-termplanwehavegrowntheecomaginationportfolioto45productsandservicesandhaveengagedhundreds
ofcustomers.ThisreportdetailsGE’sprogressinmeet-ingitschallengesbymeasuringourperformanceagainsteachofthefourcommitmentsoverthecourseofthepastyear.
Whilebigchallengesremain,GEhasthetechnicalbreadthandcredibility,whileweexpandpartnershipsandcapabilitiestopositionustosecuredecadesofacceleratedgrowth.
GE’s ecomagination commitmentsWhenGElaunchedecomaginationinMayof2005,webasedthestrategyonfourcommitments:
DoubleinvestmentincleanerR&D: GE is growing its research in such technologies from $700 million in 2005 to $1.5 billion in 2010.
Increaserevenuesfromecomaginationproducts:GE will grow revenues from products and services that provide significant and measurable environmental performance advantages to customers — to at least $20 billion in 2010, with more aggressive targets thereafter.
Reducegreenhousegas(GHG)emissionsandimprovetheenergyefficiencyofGE’soperations: GE is committed to reducing its GHG emissions 1% by 2012, reducing the intensity of its GHG emissions 30% by 2008 and improving energy efficiency 30% by the end of 2012 (all compared to 2004). Without this action, GHG emissions were predicted to rise substantially by 2012, based on GE’s projected growth.
Keepthepublicinformed:GE’s annual ecomagination report, ecomagination Web site, annual citizenship report and advertising are just some of the ways that the Company is engaging the public.
1
2
3
4
ge 2006 ecomagination report 3
To Our Investors, Customers and Other Stakeholders,
We’ll look back at 2006 as the year that the roots of ecomagination took lasting hold: when tangible, measurable success became not just an ambition, but a reality that would strengthen GE’s bottom line for many years to come.
ALetterfromJeffImmeltandLorraineBolsinger
In2006,ecomaginationsurgedtoproduce$12billioninrevenue,leadingapipelinefilledwithnearly$50billioninordersandcommitments.ThisCompanyhasneverhadaninitiativethathasgeneratedbetterfinancialreturnssoquickly.
With128yearsofCompanyhistoryasourguide,weconsiderthisagoodstart—butwearen’tsatisfied.
Ecomaginationiscompletelyrevolutionizingthewaywecol-laboratewithcustomers,broadlyexpandingourproductportfoliothroughtechnicalandcommercialinnovations,facilitatingenlight-enedpolicydialoguesfromWashingtontoBeijing,motivatingemployeesaroundtheworldandattractingnewtalentonthecampuseswhereweprospectfortomorrow’sGEleaders.
Ineachinstance,our“green-is-green”messageresonates.Thisreportrecognizesthepowerfulresponsesfromallthosewithwhomwehavetheprivilegetowork.
GEhascreatedthelargestarrayofinfrastructureandindustrialproducts,servicesandfinancingintheworld,witharisingshareofthatportfoliocertifiedasecomaginationproducts.Whengovernmentsandcommercialcustomersconsidermakingamulti-billiondollarinvestmentininfrastructure—beitinaviation,transportation,wateroroilandgas—orcustomersconsiderhowtolowertheirenergybills,orhowtomaketheirownfinancialdecisionsmoresustainable,weknowwehavethestrongestarrayofproductstofillthatneed.Ourcustomersalsoknowit—andtheyarepickingGE.
Pleasevisitwww.ecomagination.comtoparticipateinacontinuouslyevolvingdiscussiononsustainableprofitability.Todate,thededicatedecomaginationWebsitehasrecordedmorethan1.3millionuniquevisitorsandmanyofthemtolduswhattheythought.Wehopethatyouwill,too.
Sincerely,
JeffreyR.ImmeltChairmanoftheBoardandChiefExecutiveOfficer
LorraineBolsingerVicePresidentecomagination
4 ge 2006 ecomagination report ge 2006 ecomagination report 5
Double Our Investment in R&DGE has operated with the belief that the Company’s future and prospects for building a better world are rooted in a steadfast commitment to technol-ogy. When GE established its first U.S. industrial research center more than a century ago, the decision was based on the belief that GE’s success would largely be driven on an ability to generate new technologies to change the way we work and live. Moreover, a commitment to R&D represented a commitment to future revenues. Ourstrongcommitmenttoecomaginationisreflectedinour
increasedannualinvestmentof$200millioninnewandongoingR&Defforts—from$700millionto$900million;a28%increaseover2005—aswellasanincreaseinthenumberofresearchersglobally.Wealsocontinuetoforgeanexpandedrangeofkeypartnershipswithglobalcustomers,universitiesandlabs.JustaspastGEinventionshavepositivelyinfluencedpeople’slives,werecognizethateachpotentialecomaginationbreakthroughrepresentsabenefittosocietyandanopportunitytodeliverasaCompany.
GE’scommitmenttodoubleitsinvestmenttowardagoalof$1.5billioninR&Dremainsontrack:
R&DiswellfundedacrossallofGEbusinesses,enablingtheCompanytoexplorecontinuousimprovementofexistingproductswhilesearchingfortechnologiesattheleadingedgeofresearch.FundingissharedbetweenGE’sfourGlobalResearchCenters(locatedinShanghai,Munich,BangaloreandSchenectady/Niskayuna,NewYork)andeachofGE’ssixmajorbusinesses.AcrossthebreadthofGEtherearemorethan27,000technologistswith2,600scientistsstaffingGE’sfourresearchcentersworldwide.WhileeachbusinesspursuesR&Dspecifictoitsindustryandproductportfolios,theGlobalResearchCenters(GRCs)aredevel-opingabroadtechnologyportfoliotohelpcustomersandsocietymeetarangeofenergyandenvironmentalchallenges.Theyserveasdedicatedlabsforlong-termR&Dcommitmentsandcollaboratewithindividualbusinessesonkeyprojects.
ResearchersatGE’sJohnF.WelchTechnologyCenter,Bangalore,India
2006
0.90.7
2005 2010*
1.5
ECO R&D INVESTMENT
(In $ billions)
*Forecast
6 ge 2006 ecomagination report ge 2006 ecomagination report 7
R&D pipelineGE’sabilitytomeetourecomaginationgoalswillrequirethefullcapabilityofthetechnologiesourCompanyhastodayandthecreationofnewonesthatexpandourabilitytosolvetheproblemsoftomorrow.GE’sfourGRCsworkonlong-termR&Dcommitmentsandhelpfindinnovativewaystoapplyexpertisefromonebusinesstoanothertosuccessfullydrivenewandbetterproductsintothemarketplacethatmeetarangeofenvironmentalchallenges.
HighlightsoftheecomaginationtechnologiesGEisworkingoninclude:
Renewable- energy initiativesGEisexploringanumberofresearchprogramstopromotethedevelopmentofrenewablesourcesofenergy.
WindGEresearchersarefocusedondrivingnewinnovationsinwindthatwillhelpfurtherreducethecostofenergy.Researchincludesthedevelopmentoflargertur-binesthatproducemorepowerperdollarofcapitalinvestment,improveddesignandcontrolsformaximizingwindcaptureandaseamlessintegrationofwindintotheelectricpowergrid.
EnergystorageandhybridsystemsGEresearchersarecurrentlyengagedinamulti-milliondollarprojectwiththeFederalTransitAdministration,anadministrationwithintheU.S.DepartmentofTransportation,andotherindus-trialpartnerstobuildaprototypelightweight,battery-dominant,hybrid-fuelcellbuswhichhasextremelylowemissions.Akeyfocusoftheprojectistoreducefuelcellpowerrequirementsandimproveenergystoragetechnol-ogiesthatwouldhelpincreasethecommercialviabilityofthetechnology.
PhotovoltaicsGEbelievessolarenergyhasgreatpotential,particularlyintheresidentialmarketplace.Thekeychallengesaremakingitamoreefficientandaffordableenergyalternative.GEresearchershaveseveralprogramsunderwayincludinga$20millionprogramwiththeU.S.DepartmentofEnergytodevelopmoreefficient,lesscostlycellmaterials.ThiswillimprovetheoverallefficiencyofGE’ssolarmodulesandseamlesslyintegratesolartech-nologiesinbuildingsandhomes.
BiofuelsGE’sJenbacherengines,whichoperateonwastegases,areagreatexampleoftheincreasingfocusourEnergybusinesshasonalternativefuels.GEresearchersareworkingtomakeourpowergenerationandturbineproductsevenmorefuelflexible,sothattheycanburnawidevarietyofbiofuelsthataremoreenviron-mentallyfriendly.
GeothermalandwasteheatGEresearchersatourMunichfacilityareengagedingeother-malandwasteheatresearch.Theyareexploringwaystocost-effectivelygenerateelectricityfromlowertemperatureheatsources.SuchheatsourcesareavailableaswasteheatinmanyindustrialprocessesandintheEarth’scrust.
Transportation initiativesDespitealreadyhavingsomeofthemostenvironmentallyadvancedandfuel-efficientloco-motives,GEresearchersalsoareworkingonahybridlocomotive,whichcoulddramaticallyreducefuelconsumptionandemissionscomparedtomostfreightlocomotivesbeingusedtoday.
Inthehybridlocomotive,energyisrecoveredinthebrakingpro-cessandthenstoredinbatteriesandreusedasenergy.Researcherscontinuetolookforwaystoimprovethebatteryper-formanceandoptimizetheinte-grationofthehybridstoragetechnologyintothelocomotiveengine.
GEresearchersarealsoexploringnewtechnologiestooptimizehowalocomotiveenginerunstofurthermaximizeperformance
andfuelefficiency.GEalreadyofferstechnologiesthatautomat-icallyadjustengineparametersbasedonaltitudeanddistributehorsepowermosteffectivelyamongseverallocomotivesonagiventraintouselessfuel.Researchersarenowworkingontechnologysolutionstooptimizehowtripsaredriventoensurethattrainsarriveasplannedusingtheleastamountoffuelpossible.
InAviation,GEresearchersareengagedinseveralprogramstoreduceemissionsandimprovethefuelefficiencyandoverallperformanceofourpresentandfuturegenerationsofaircraftengines.Thisincludesresearchinadvancedaerodynamics,com-positematerials,turbinealloysandadvancedcoatingsandcom-bustionsystems.
8 ge 2006 ecomagination report
Carbon captureInanincreasinglycarbon-constrainedworld“betterandcheaper”willbecriticalcompo-nentsoflastingsolutions.CapitalizingonGE’sIntegratedGasificationCombinedCycleSystem,GEresearchersareworkingondifferentapproachesthatwilloffermoreefficientandeffectivewaystocaptureCO2atasubstantiallyreducedcost.
Cleaner Coal technologyGEoffersanIntegratedGasificationCombinedCycle(IGCC)Systemthatsuccessfullyconvertsfuelssuchascoalintoacleanerburningenergysource.OurIGCCSystemalsomakesiteasiertoseparatecarbondioxideandemitslessthanhalfofthesulfuroxides,nitrogenoxides,mercuryandparticulatematterthanwouldbeemittedbyatraditionalpulverizedcoalplant.GEresearchersareworkingoninventingapowersystemthatwillhelpconvertcoalintoanevencleanerburningfuel.
Water use and purification initiativesGEscientistsareexploringrevo-lutionarynewseparationprinci-plesandimprovedmembranetechnologiestolowerthecostofwaterfordrinkingandindustrialwaterreuse.Inaddition,researchersaredevelopingnewmembranematerialsandenergyrecoverydevicesthatwouldenablebrackishandseawaterdesalinationplantstostreamlinesystems,reducecostsandcutenergyconsumptionbyupto30%overthenextfiveyears.
Energy-efficiency initiativesGEhasenteredastrategicalli-ancewithKonicaMinolta,alead-ingimagingcompany,toacceleratethedevelopmentandcommercializationofOLED(OrganicLightEmittingDiodes)devicesforlightingapplications.ThegoalistobringOLEDlightingtomarketwithinthenextthreeyears.OLEDlightingapplicationswillprovideconsumerswithanentirelydifferentwaytolighttheirhomesandbusinesses.Theseapplicationswillbemer-cury-freeanddeliverdramaticallyimprovedlevelsofefficiency.
ge 2006 ecomagination report 9
Soaring to a sustainable future in India: Air India puts actions in motion
India is poised for exponential growth of its economy and its influence in the world. This growth potential also applies to how India will continue to address its environment. The country’s history and culture has been long connected to living in harmony with the environment. The nation also possesses a huge knowledge base that can steer India’s growth potential in the direction of sustainability. Going forward, the hope is that Indian business and government leaders who enact legislation or hold the potential to grow the economy will make “green” choices a priority, choices that will preserve the natural beauty of the country as much as possible.
Whilechallengeswitheconomicdemocracywillalwaysexist,Indiahastheadvantageofhavingavibrant,energeticandcreativeNGO(non-governmentalorganization)sectorthatisincreasinglywillingtoworkinconcertwithdomesticandinternationalmarketplayerstopushenvironmentalinitiativesforwardtoachievesus-tainablegrowthforthecountry.WorkingwithcompaniessuchasGE—whosecommitmentandproductsprovideenvironmentalsolutionsandhelpdriveeconomicgrowthandfinancialreturns—willonlyfurtherIndia’seffortsinadirectionthatthecountryandtherestoftheworldcanembrace.
OneillustrationofIndia’scommitmenttosustainabilitywasthesigningofamemorandumofunderstandinginFebruary2007betweenGEAviationandAirIndia,India’slargestairline,outlining
specificinitiativesandtasksonwhichourtwoorganizationswillcollaborate.EffortswillcombinetheexperiencethatGEhasinthisspacewiththedesireandwilloftheAirIndiateamtomakeitsoperationsmoreenvironmentallyadvantageous.
Thistop-downinitiative,supportedbyAirIndiaChairman,M.Thulsidas,willnotonlychangethewaythattheworldlooksatAirIndiaasanairline,buthowtheworldviewsIndiaasawholeasittakestepstowardasustainablefuture.ThissentimentisechoedinthegovernmentsectorbyKapilSibal,MinisterforScienceandTechnology,GovernmentofIndiawhostates,“…ecomaginationisaninitiativewhosetimehascome.IcommendGEfortakingthisinitiativeandhopeotherswillfollow.”
10 ge 2006 ecomagination report
R&D highlightsGE’s culture of fostering imagination is supported by one of the world’s largest and most diverse network of research centers. This distinct capability enables GE technologists to share their expertise across disci-plines and contribute to developing innovative ecomagination solutions.
Clean energy and water all-in-oneToday,morethanonebillionpeoplearoundtheworldlackaccesstosafewatersources.Toaddressthisissue,GEresearchersareengagedinaprojectwithTexasTechUniversity,aworld-recog-nizedresearchcenterforwind-waterintegrationandapplication,todevelopaffordablewaterdesalinationsystemsthatincreasethequantityandqualityofcleanwateravailableinaridareasaroundtheUnitedStatesandglobally.Thepartnershipfocusesontheintegrationofrenewable-energysystems,suchaswindturbines,withmembranedesalinationprocesses.Thedevelopmentoftheintegratedrenewableenergy-watersystemhasthepotentialtosignificantlyreducethecostofcreatingnewsourcesoffreshwaterfromimpairedresources,suchasbrackishwater,bydirectlyaddressingthemajorcomponentofoperatingcostofdesalinationsystems—energy.
Enabling clean drinking water: Solar Clean Water SystemBy2020,muchoftheworldisexpectedtoconfrontseverewatershortages,particularlycountriesinSoutheastAsia,AfricaandLatinAmerica.Inresponse,GEissupplyingitsecomagination-certifiedsolarenergymodulesandwaterfiltrationtechnologyinruralareasofIndia,Bangladesh,Nepal,MalaysiaanddevelopingcountriesinAfricatoimprovetheavailabilityofcleandrinkingwater.Thissolar-powered,off-gridapplicationbringstwoofGE’sinnovativeecomaginationtechnologiestogethertoprovideanewsolutionthatiseasytomaintainandavailableforrapiddeployment.
Theuseofsolarenergytechnologytopowerwaterfiltrationsystemswillenablegovernments,NGOsandphilanthropicorgani-zationstoinstallequipmentinremoteareasthatlackdirectaccesstotransmissiongrids.Toensureeffectivedeploymentofthisnewtechnology,GEiscreatinganetworkofexperiencedlocalintegra-torsanddevelopers.Self-sustainingcleanwatersystemsareseenascrucialintheglobalfighttoreducethespreadofdiseasesandimprovemortalityratesindevelopingcountries.Theseprojectswillhelpimprovethehealthandsafetyconditionsofareaslackingadequateinfrastructureanddirectaccesstosafewatersupplies.
Promoting greener communitiesMakingtomorrow’shomesandcommunitiesmoreenergyefficientwillrequireentirelynewapproachestodesigningandbuildinghomes.Tofosternewideas,GEispartneringwithNewMexicoTech,aleaderinrenewableenergyresearchanddevelopmentonamulti-yearresearchprogram.Thegoaloftheprogramistodevelopanddemonstratetheintegrationofsustainabletechnologiestocreatecost-effectiveandenergy-efficientresidentialandcommercialcommunities.Theprogramwillintegrateandoptimizerenewableenergyandenergyconservationtechnologiesintohomesandbuildings,includingsolarenergy,homesecuritytechnologies,energy-efficiencytechnologiessuchasadvancedlightingandappliances,andadvancedelectricaldistributionsystemtechnologies.
Solarenergycreatespassive,nearzeroemissionenergygeneration.GEresearchersbelievethatinthefuture,asmuchas10–20%ofthepowergeneratedintheUnitedStatescouldbederivedfromsolarenergy.GEEnergyisleadinganallianceofcompanies,universitiesandresearchersindevelopingadvancedsolarenergytechnologiesthataimtoacceleratelarge-scalecommer-cializationofsolartechnologiesthatwillbecostcompetitivewithretailelectricitywithoututilizingsubsidies.
TheGEalliancewasawardedan$8milliongrantwithapproxi-mately$18.6millionavailableoverthenextthreeyearsiftheGEledteammeetsitsgoalsfromtheU.S.DepartmentofEnergy’sSolarAmericaInitiative,partofPresidentBush’sAdvancedEnergyInitiative.Theprogramwillsupportthedevelopment,com-mercialscale-upandcustomerdeliveryofcompletesolarsystems,includingthedevelopmentofbalance-of-systemtechnologiestosupportlow-costinstallationandincreasedenergyyieldandfutureenhancementstobuildingsenergymanagementandpowerquality.
Heating up development: Solar energy research program
Morethan90%ofHawaii’selec-tricityandtransportationenergyneedsrelyonimportedpetroleum.Thisconditionmakesitseconomysensitivetosupplyvolatilityanddisruptionsandresultsinsomeofthehighestelectricityandgas-olinepricesintheUnitedStates.Asenergychallengesgrow,moreattentionisturningtosolutionsthatdiversifyandpromotecleaner,sustainablealternatives.
Toaddresscurrentissues,GEisworkingwiththeStateofHawaii,theUniversityofHawaii,HawaiiutilitiesandtheU.S.DepartmentofEnergytodevelopasustain-abilityinitiativethatwillidentifynewsolutionstomeettheenergyneedsoftheBigIslandofHawaii.
TheeffortwillevaluateexistingenergysourcesontheBigIsland,identifytechnologysolutionsthatcanreducetheisland’sdependenceonfossilfuelsandconsiderwaystoincreasetheconcentrationofintermittentrenewableresourceslikewindandsolarenergy.
ByevaluatingthetechnicalandeconomicimplicationsofincreasedrenewableenergyusefortheBigIsland,GEwillnotonlyassistHawaiiinplanningitsenergyfuture,butalsogainfurtherinsightintothechallengesassociatedwithdevelopingtechnologiesbestsuitedtooperatingrenewable-intensiveenergysystems.
Hawaii sustainability initiative
Since1980,thepopulationofthemetropolitanareaofSãoPaulo,Brazil,hasmorethandoubled.Thisgrowthhasalsoturnedtheregionintothecountry’slargestindustrialcenter.Increasingly,areafactoriesareinstallingmoreenvironmentallyfriendlysystems,includingCiaNitroQuímicaBrasileira,anindustrialchemicalsunitofLatinAmericanconglom-erateVotorantim.
CiaNitroQuímica’splant’sproductionprocessdemandsasignificantvolumeofhigh-puritydemineralizedwatertogeneratesteam.Toreducewaterconsump-tion,theplantoptedtoinstallasystemofdemineralizationthroughthereverseosmosis(RO)technologyofGEWater&ProcessTechnologies.ROseparationtechnologyisusedto
removedissolvedimpuritiesfromwaterthroughtheuseofasemi-permeablemembraneinvolvingthereversalofflowthroughthemembranefromahigh-salinity,orconcentrated,solutiontothehigh-purity,or“permeate,”streamontheoppositesideofthemembrane.
AsaresultofthenewsystemusingRO,thecompanyrunsitsboilersalmostcontinually,withoutthefrequentinterruptionsaspre-viouslyrequired.Byoperatingboilersmoreefficiently,theplanthasreducedwaterconsumption,naturalgasconsumptionby45%,andemissionofgasesandthedischargeofgenerationwastewaterby90%,whilealsoachievinganexcellentreturnoninvestment.
Reducing emissions: GE reverse osmosis technology
The Tsinghua projectThetremendousgrowthanddevelopmentofChina’secon-omyiscreatinghugedemandsfornewenergysources.Withoneoftheworld’slargestcoalreserves,thecountryisturningtocoaltomeetitsincreasingpowerneeds.Atthesametime,thenationisemphasizingtheimportanceandneedtodevelopclean,sustainableenergysolutions.
GEbelievescleaner-coalsolutionswithadvancedtech-nologiesarepossibleandholdpromiseforChina’sfuturedevelopments.TohelpChinadevelopnewsolutions,GEtechnologistsatGE’sChinaTechnologyCenterareworkingwithresearchersatTsinghuaUniversityoncleanercoalandwindenergyresearch.ThejointteambringstogetheranunderstandingoftheuniquetechnicalchallengesChinafacesandcantapintoGE’sR&Deffortsfromaroundtheglobe.Bydrawingoneachother’sstrengths,teammembersareputtingtheircombinedknowledgeandresourcestoworktoenableahigherpenetrationofcleanercoalandwindenergyresourcesintothecountry’sgridinfrastructure.
Turning waste into energy: Jenbacher enginesCountriesaroundtheworldareincreasinglyconsideringrenewableenergysolutionsandareemployingGE’sinnovativeJenbacherengines.Theseenginesharnessmethanereleasedfromcoalmines,decomposingorganicmaterialinlandfillsandbiomasscreatedwithagriculturalcropstocreatehigh-energy,fuelwhilepreventingthereleaseofmethane,apotentgreenhousegas.
GEandNAWAROBioenergie,arenewableenergydeveloper,areundertakinganagriculturalbiogasprojectineasternGermany.FortyJenbacherenginesarebeinginstalledinseparateplantstosupportanewbioenergypark,called“Klarsee,”adjacenttofarmlandinthetownofPenkuninMecklenburg-Vorpommern.TheJenbacherunitswilltakebio-gascreatedduringthedecompositionofagriculturalwasteanduseitasfuel.Approximately20-megawatt(MW)ofelectricitywillbesoldtothelocalgrid,andaseparate,spe-ciallydesignedheatrecoverysystemwillheatanadjacentfertilizerproductionfacilityonthefarmland.
Energy-efficiencyprojectsarealsounderwayinUkraine,whichhastheworld’slargestcoalproductionfacilities,toutilizeallaspectsofthisfuelandtoreducetheamountofcoal-mineemissions.Onemajorinitiativeisthenewcoal-minemethane(CMM)cogenerationplantatSasyadko,thecountry’ssecondlargestmine,locatedinthesoutheasternDonbascoal-miningregion.GE’sJenbachergasenginesareusingmethanegasreleasedduringthecoal-extractionpro-cesstoprovideelectricityandheatforthemine’son-siteoperations.Onceall24enginesareinstalled—generatingatotaloutputofnearly143MWofpower—theSasyadkoplantissettobecometheworld’smostpowerfulcogenerationplantfueledbycoal-minegas.
Powergeneratorsconstantlyseekeconomicalsolutionsforthedispatchneedsofvaryingmarketconditions,suchasthoseinCalifornia,whererecord-breakingsurgesinelectricitydemandareoccurringintandemwithsomeofthecountry’smoststringentenvironmentalpolicies.
GEbelievesoneofitsnewestadditionstotheecomaginationportfolio,theLMS100gasturbine,offersafast,flexibleandefficientsolutionforCalifornia’sandothergeographies’mostchallengingpowerneeds.Withits10-minutestarttimes,unmatchedhot-dayperformance,efficiencyandreliabilityfromproventechnology,theLMS100gasturbinehasbeensteadilygainingmomentuminthemarketplaceasanidealsolutionforpowergenerationplannersanddevelopers.
ThePanocheEnergyCenterisoneCalifornia-basedpowerprovideroutsidethecityofFresnothathasalreadychosentheLMS100’s44%simplecycleefficiencyandreducedgreen-housegasemissionstomeetincreasingperiodsofhighdemand.Thecenterhaspur-chasedfourLMS100gasturbinesystems,whichwillproduceenoughelectricityduringpeakdemandhourstoilluminatetheentirecityofSantaAna,California.WithatotalofnineLMS100unitsgoingintoallofCaliforniaby2010,thestatestandstorealizeaCO2emissionsreductionofmorethan270,000tonsoverothersimilarindustrialgasturbines—theequivalentofeliminatingtheemissionsfrom45,000cars.
Meeting growing power demands: GE’s LMS100 gas turbine systems
LeveragingadvancedresearchinpulseddetonationcombustionforaircraftpropulsiontakingplaceatGE’sGlobalResearchCenterinNiskayuna,GEEnergyrecentlyintroducedanewonlineimpulsecleaningsystemforcoal-firedboilersusedinpowergenerationplants,calledPowerwave+.Powerwave+ultimatelyenhancesboileroperationatpowergenera-tionplantsthatburncoalornaturalgastoproduceelectricity.
Powerwave+harnessesstrongshockwavescreatedthroughthepulseddetonationprocessanddirectsthematproblemareasintheboiler.Thisprocessnon-destructivelyremovesbuilt-upandbrittledeposits.Theresultingbenefitisthatlesscoalneeds
tobeburnedtomaintainpoweroutputfromaplant.Powerwave+alsoallowsplantstorunlongerbeforeperformingscheduledoutagesandreducescostlymain-tenanceassociatedwithothercommonlyusedcleaningtechniques.
InstallingPowerwave+ineverycoal-firedboileraroundtheworldcouldsavemillionsoftonsofcoalperyear,theequivalentofpoweringwelloveramillionU.S.homes.Inadditiontoreduc-ingthecarbonfootprint,thisnewproductreducestheamountofwaterthatpowerplantscon-sume,includinghundredsofthousandsofgallonsofwaterincaseswherePowerwave+replacessteamsootblowers.
Reducing the carbon footprint one boiler at a time
Increase Revenues from ecomagination ProductsGE launched its ecomagination platform with the belief that “green is green”: that environmentally sound business is profitable. After nearly 130 years in business, we knew that true environmental sustainability would only be possible if the practice could be sustained economically. Therefore, ecomagination was conceived as a business strategy, and just two years into the program it is delivering the commercial potential we envisioned.
In2006,GEachieved20%growthinecomaginationrevenuesover2005,from$10billionto$12billion.Thisgrowthcamefromprovid-ingourcustomerswithproductsthatmayimprovetheiroperatingperformanceandreduceenvironmentalimpact.Thepotentialofthismutualbenefitissignificant.Notonlyhasecomaginationgenerateddouble-digitgrowthforGE,butithasalsobecomeacatalystforinnovationandanewdialogueinbusinessasawhole.Aswecontinuetogrowecomagination,weareexcitedbythemomentumofourproductsandlookforwardtothegainsthatwillbeaddedasnewproductsbecomecommercialized.GE’sGEnxtestbedinPeebles,Ohio
14 ge 2006 ecomagination report ge 2006 ecomagination report 15
Ecomagination certified products and servicesToensurethatproductintroductionismetwiththehighestdegreeofintegrity,GEemploysarigorousqualificationprocesstoeffec-tivelycertifynewproductsforecomagination.GE’sprocessbeganwithestablishingaclearstandardforecomaginationproductsbasedontwocriteria.Ecomaginationofferingsare:
Productsthatsignificantlyandmeasurablyimprovecustomers’:
1. Operatingperformanceorvaluepropositionand
2. Environmentalperformance
orservicesthatsubstantiallyenabletheimprovementsmentionedabove.
Thesecriteriaworkinharmony.AttheheartofthisstandardisGE’sbeliefthat“greenisgreen”—thatbyinvestinginanddevelopingenvironmentallyadvancedproductsandservices,GEwilldeliversolutionsthatincreasecustomers’abilitytocompeteandwin.GEalsocreatedtheEcomaginationProductReview(EPR)scorecardthatquantifiesaproduct’senvironmentalimpactsandbenefitsrelativetootherproducts.Toensuretheaccuracyofthescorecard,GEworkedwithGreenOrder(www.greenorder.com)toprovideindependent,quantitativeenvironmentalanalysisandverificationofGE’sproductclaims.
ThefollowingpageshighlightGE’secomaginationcertifiedproductsandservices.
Transportation — RailEvolutionSeriesLocomotiveIntheU.S.,GE’sEvolutionSerieslocomotiveusesanewGEVO12-cylinderdieselenginethatproducesthesamepowerasits16-cylinderpredecessorwhileusinglessfuelandgeneratingupto40%lessnitrogenoxideandparticulatematteremissions.
HybridLocomotiveGE’shybriddiesel-electricloco-motiveisdesignedtocaptureandstoretheenergydissipatedwhenbrakinga207-tonlocomotive,thenusethatenergytoproducemorehorsepowerandreduceemissionsascomparedtomostfreightlocomotivesoperatingtoday.
KazakhstanEvolutionTheGEKazakhstanEvolutionwillproducefarfewerNOxandparticulatematteremissionsthantheRussian-builtTE10Mlocomo-tivesitwillbereplacingandwilloperateatahigherhorsepowerratingthantheTE10Mlocomo-tives,requiringfewerlocomotivestohaulthesamefreightload.
ChinaMainlineEvolutionThe16-cylinderEvolutionenginedesignedtopowertheChinaMainlinelocomotivereducesemissionsby28%whileimprovingfuelefficiency.It’salocomotivethatistailoredfortheChinamar-ketwiththecapabilityofpullingmassivecargoloadslongdis-tanceswithincreasedreliability.
Russian-BuiltLocomotiveModernizationSkidsGEmodernizationsimprovetheoperatingperformanceandfuelefficiencyofRussianlocomotivestherebyreducinggreenhousegasemissionsandamountoflubeoil.
PlasticsWireCoatingMadewithNORYLResinMadewithmoreeasilyrecycledpolymers,NORYLresincontainsnohalogensandfewerheavy-metalpigments—meetingstringentenvironmentalstandards,suchastheEuropeanUnion’sEco-label.
ConductiveNORYLGTXResinUsingconductiveNORYLGTXasasubstratematerialenableselectro-staticliquidpaintingandpowdercoatingofplasticpartswithouttheuseofaconductiveprimerlayer,whichsavesmaterials,timeandmoneywhilesignificantlyreducingtheemissionsofhazard-ousairpollutants(HAP).
FreezerFilmGE’sLexanConstantClearfilmeliminatestheneedtoheatsupermarketdisplaycasedoorsoninteriorglasspanestoclearfogandsavesenergy.
NORYLGTXforAutomotiveFendersWeight-savingmaterialssuchasNORYLGTXforautomotivefendersprovideanexcellentmeansforautomotivemanufacturerstoimprovethefuelefficiencyoftheirvehicles.Onaverage,fendersmadeoutofGE’sNORYLGTXresinareupto50%lighterthancom-parablesteelfenders.
LEXANSLXFilmforPaintReplacementBycombininganewpolycarbon-ateplasticwithcolorants,LEXANSLXfilmcouldenableautomotivemanufacturerstoreducetheamountofpaintusedorreplacepaintentirelywhilemakingcarsmorelightweightandfuel-efficientandreducingVolatileOrganicCompound(VOC)emissions.
ValoxiQ&XenoyiQGEValoxiQandXenoyiQresinsarecreatedwithpolybutyleneterephthalate(PBT)-basedpoly-mersderivedfrompost-consumerplasticwaste.Theproprietarymanufacturingprocessforthesematerialsdoesnotinvolverecy-cling,butrather,anovelwaytoregenerateandupgradesyntheticsolidwastethatwoulduselesscrudeoilandreducegreenhousegasemissions.
16 ge 2006 ecomagination report
Consumer & IndustrialCompactFluorescentLightingMorethan90%ofGE’scompactfluorescentlightbulbsareENERGYSTAR®qualified—mean-ingtheyofferenergysavingsof70–75%andlastupto10timeslongerthanincandescentbulbs.
DiamondPreciseLampsComparedtothestandard50-watthalogenPAR20andincandescentR20lamps,DiamondPreciselampsconsume58%lessenergy.1
ENERGYSTARQualifiedDishwasherswithSmartDispenseTechnologyMorethan90%ofGE’sbuilt-indishwashersareENERGYSTARqualified,whichmeanstheyoperate25%moreefficientlythannon-ENERGYSTARmodels.SmartDispensetechnologydis-pensestheappropriateamountofdetergentforeachwash.
HalogenIRLampsA55-wattretailHIRlampcon-sumes27%lessenergywhileproducingthesamelightoutputasa75-wattHalogenPluslamp,resultinginreducedelectricityconsumptionandsubsequentCO2emissions.
T8LinearFluorescents&UltraMax/StartBallastsUltraT8lampsandUltraMaxBallastsystemsconsumelessenergythanstandardT8andT12lampsystemswhileproducingmoreorequivalentlumens.
LEDsGELEDlightingsystemsprovideupto90%energy-costsavingscmparedtostandardincandes-cent,neonorfluorescentlampsystemsinavarietyofapplicationsincludingtrafficsignals,architecturallighting,signageandrefrigerateddisplaycaselighting.
ENERGYSTARQualifiedFrontloadWashersTheGEfrontloadwasherexceeds2007ENERGYSTARguidelinesby16%.Thewasherusesaslittleas10gallonsofwaterforasmallloadand15gallonsforanaverage-sizeload,whichsavesupto23gallonsperload,or61%water,ascomparedtoatraditionalclotheswasher.2
ENERGYSTARQualifiedGEProfileHarmonyWashersOneofthelargestofalltheENERGYSTARqualifiedwashersonthemarkettoday,theGEProfileHarmonywasherexceeds2007ENERGYSTARguidelinesby8.7%andmeets2007energystandards.Byusinglesswater,thewashercanomit110loadsoflaundryayearcomparedtoatypicaltop-loadmodel.
ENERGYSTARQualifiedHotandColdWaterDispenserAGEENERGYSTARdispensersavesupto25%oftheenergyrequiredtopoweranon-ENERGYSTARmodel.
ENERGYSTARQualifiedRefrigeratorsGEENERGYSTAR-qualifiedrefrig-eratorsuseatleast15%lessenergytooperatethanrefrigeratorsthatarenotENERGYSTARqualified;theyuse40%lessenergythanconventionalmodelssoldbefore2001,andmorethan50%lessthanmodelsmanufacturedbefore1993.
Nearlyallofthenewproductintroductionsfor2007inGEProfilebottomfreezersandside-by-sidesmeetorexceedtheENERGYSTARstandard.
X$DULTRA–NEMAPremiumExtraSevereDutyMotorsTheX$DUltramotorusesimprovedmaterialsandcutting-edgetechnologytodevelopsuperiorelectricalandmechanicalperformanceandreducegreen-housegasemissions.
GEEcomaginationHomesProgramGE’sEcomaginationHomesProgram,developedincollabora-tionwithleadinghomeproductsmanufacturerMascoContractorServices,combinessoundbuildingsciencetechniqueswithadvancedlighting,energy-andwater-efficientappliances,energymanagementandsolarpower.Theendresultarehomesthataredesignedtodeliveratleast20%householdenergysavingsversusanindustryacceptedaveragenewhome.
1 Althoughfacelumensare53%less,themulti-facetedreflectorconcentrateslumensontarget,diminishingwastedextraneouslight.
2 Ascomparedtoatypicalwasher,WWSE5240.
Oil & GasBCL304SeriesCentrifugalCompressorGE’sBCL304SeriesCentrifugalCompressorre-injectiontechnol-ogynotonlydecreasestheamountofgreenhousegasesthatarereleasedwhenoilandgasareextractedfromwells,butalsoincreasestheamountofoilorgasthatcanbeextractedbyupto20%.
PIIUltraScanDuoTheUltrascanDuoistheultimatepipelineinspectiontool,offeringadvancedtechnologyforcrackdetectionandmetallossthatcanbetterassesstheriskofpipelinefailuresandproactivelymitigateriskofleaks.TheUltraScanDuoalsocombinescrackdetectionandgeneralcorrosioninspectioninaconsolidatedruntominimizeflowdisruptionandrestorepipe-lineoperationinhalfthetime.
GE-Water & Process Technologies DesalinationGE’sdesalinationplatformsreclaimmorethantwobilliongallonsofwateraday—anequivalentofthedailywaterrequiredbymorethan150millionpeople,orhalftheU.S.
AdvancedMembraneTechnologyGE’smembranetechnologiestreatwaterforavarietyofappli-cationsfrompurifyingwaterforsoftdrinkstoremovingheavymetalsfromwastewatertotreatingindustrialwaste.
HomespringHomespringsystemsuseultra-filtrationmembranestophysicallyfilteroutminuteparticlestoproducecrystal-clear,microbiologicallypurifiedwaterforthehomewithnochlorinetasteandodor.
EnhancedPerformancePretreatmentEPPisanewmethodofpreparingmetalforpaintingthatimprovescorrosionprotectionandelimi-natesphosphatepollutionfromtheiron-phosphatepretreatmentsystemsitreplaces.
ZeeWeedHollow-fiberultrafiltrationmem-branesproducesuperiorqualitydrinkingwaterandtreatwaste-waterthatcanbesafelydis-chargedtothemostsensitiveenvironments,orreusedinirrigation,industrialprocesses,orgroundwaterrecharge.
ABMetAdvancedBiologicalMetalsRemovalProcessisthesimplest,mostcost-effectiveandenergyefficienttechnologyavailabletoprotecttheenvironmentfromharmfullevelsofheavymetalsfoundinwastewater.
ge 2006 ecomagination report 17
EnergyIGCCCleanerCoalGE’sIntegratedGasificationCombinedCycle(IGCC)technol-ogyconvertscoalintoacleanerburningfuelthatcanbeburnedinagasturbinecombinedcyclesystemtogenerateelectricity.Thisprocessemitsover60%lessnitrogenoxidesandparticulatematter,50%lessmercuryandreducessulfurdioxidesbyover90%anduseslesswaterthantraditionalpulverizedcoalplants.
Jenbacher—CoalMineMethane—LandfillGas—BiogasPowerGenerationHarnessingmethanetoproduceenergyisanexcellentwaytomanageagaswith21timestheglobalwarmingpotentialofcarbondioxide.Jenbachergasenginescanoperateonmethanereleasedfromcoalmines,decomposingorganicmaterialinlandfillsorbiomasscreatedwithagriculturalcropsorotherorganicmaterials.Capturingthisfuelsourcethatwouldotherwisebeventedorflaredforpowergenerationprovidescommunitieswithalocalpowersupplyfromreadilyavailablefuel.
WindTurbinesGE’sinstalledbaseofwindtur-binesprovidesenoughenergytopowerover2.5millionU.S.households—anamountofelectricitycomparabletotheenergyproducedby18millionbarrelsofoilandanannualreduc-tioningreenhousegasemissionsofnearly21milliontons.
PhotovoltaicsGEsolarelectricpowersystemsaresomeoftheeasiesttoinstallandmostaestheticallypleasingsolartechnologiesavailabletoday.GE’ssolartechnologycontinuestogrowinpopularitywithcommercialandresidentialcustomerswhileenablingpeopletoharnessthesun’senergytogeneratetheirownpowerandrealizesavingsofupto60%ontheirmonthlyenergycosts.
HSystemTurbineGE’sHSystemturbineiscapableofdelivering60%efficiencyandpowerfulenoughtoprovideelectricityto300,000Americanhomes.GreaterefficiencymeanstheHSystemturbineuseslessfuelandproducesfeweremis-sionsperMWofelectricitycomparedtootherlargegastur-binecombinedcyclesystems.
LMS100TheLMS100isthehighestsimple-cycleefficiencygasturbineavail-abletoday.Itgeneratesmorethan100MWofpowerat44%thermalefficiency,makingitthebestinclassby10%,whilealsoofferingsignificantreductionsinCO2emissions.TheLMS100alsooffersoperatingflexibilityforpeaking,mid-rangeandbaseloadoperationsallwithlowerstart-upemissionsanda10-minutestart.
PulsePleatPleatedFiltersPulsePleatpleatedfilterelementscaptureparticulatematter(finedust)createdbyvariousmanufacturingprocesses.Thesefilterspreventthereleaseofair-pollutingemissionswhilerequiringlowerpulsepressureandfewerpulsestoclean,leadingtolowerenergycosts.
DLN1+CombustionSystemGasturbineswithDLN1+com-bustionsystemshavelowerNOxemissionscomparedwithsimilarturbinesequippedwithDLN1combustionsystemsandhavebetterefficiency,andemitlessCO2thanagasturbineequippedwithaselectivecatalyticreduction(SCR)system.
DLN2.6+CombustionSystemTheGEDLN2.6+combustionsystemenablesgasturbinestooperatemorecleanlyandefficientlythanwhentheyareequippedwithalternativeNOxreductionsystems.Thissystemallowspowergenerationequip-mentoperatorstooperateacrossawiderloadrangewhileatthesametimeenablingthemtomeetthenewest,moststringentregula-toryemissionslevelsrequirementsateachstepoftheloadrange.
PowerWave+ThePowerWave+PulseDetonationsystemcouplesshockwaveswithpressurepulsestoproducethecleaningpowertodislodgetoughbuildupsinboilersinthecoal-burningprocessforpowergeneration.Theprocessimprovesboilerefficiencyandreducestheamountofcoalburnedandashdustgenerated.
FleetecomaginationFleetServices—NorthAmericaandEuropeGEecomaginationFleetServicesconsistoffourcomponents:telematicsthatoptimizevehicleroutes;avehicleselectortoolforoptimizingfueleconomy;drivertraining;andengineeringspecial-iststoaidtruckcustomersinidentifyingfuel-savingtechnolo-gies.InEurope,componentsaretailoredtoEuropeanmarketdynamicsincludingasubstantiallyhigherpenetrationofdiesel-poweredlightvehicles.
Tolearnaboutmorespecificbusinessecomaginationinitiatives,pleasevisitwww.ecomagination.com
AviationGEnxengineGE’squietestlargecommercialengineeverproduced,theGEnxaircraftengineisdemonstratingdramaticgainsinfuelefficiencyandperformancewithsignifi-cantlyloweremissionsthanotherenginesinitsclass.GEnxaircraftenginesprojectedtobesoldinthenext20yearswillemitanestimated77millionfewertonsofgreenhousegasesthanwouldhavebeenproducedbyoldercomparableengines.
GE90-115BTheGE90-115Bistheworld’smostpowerfuljetengine,yetitsfanbladetechnologyhashelpedthisenginemeetsomeofthemoststringentairportnoiserequirementsaroundtheworld.Onaper-poundofthrustbasis,thisengineranksasoneofthequietestandmeetsthenextgenerationofemissionsrequire-mentswithroomtospare.
CFM56-3AdvancedUpgradeTheupgradefortheCFM56-3engineachievesenginecompres-sorefficiencyenhancementsthrougha3-Daerodesignyield-ingbetterfuelefficiencyanddramaticreductionsingreen-housegasemissions.
LM2500+MarineEngineTheLM2500+marinegasturbinesbenefitfromahighlyefficientcombustionprocess,useoflight-weightmaterialsandqualityoffuelused.TheLM2500+weighsupto74%lessthanacomparabledieselengine,occupiesroughlyone-thirdofthespaceandreducesnitrogenoxide,sulfurdioxideandparticulatesby60–90%.
18 ge 2006 ecomagination report
Product highlightsGE’s commitment to investing in ecomagination enables us to introduce new products and evolve existing ones that make smarter use of energy that delivers benefits to customers, the environment and GE.
Re-lamping refrigeration: energy savings for Wal-Mart GEnotonlyworkswithcustomerstoidentifyenergy-savinglightingprojects,italsocollaborateswithendusersonlightingsolutionsfrominitialbrainstormingtocontinuousimprovement,contributingtothesuccessofcustomersandGE.ThisisthecasewithGE’snewLEDsolutionforrefrigerateddisplaylighting,designedforcompatibleretrofittingandnewinstallations,numberingmorethan20customerinstallationsworldwide.Eightofthetop10U.S.supermarketsaretestingorusingtheLEDsolution,withWal-Martbeingthefirstcustomertorollitoutonabroadbasis.
Morethan500ofWal-Mart’sU.S.storeswillbeoutfittingtheirrefrigerateddisplaycaseswithGE’sLEDsolution.Itisoneofthetopenergy-savinginitiativesWal-Martispursuingin2007—amovethatisestimatedtosavetheretailer$2.6millionannually.InstoreswheretheLEDsolutionwillbeputtowork,occupancysensorsandLEDdimmingcapabilitieswillreducetheamountoftimedisplaycasesareatfulllightinglevels—toabout15hoursadayinsteadof24.Theretrofitisexpectedtonetaround65%inenergysavings,ortheequivalentofreducingCO2emissionsbyabout35millionpoundsayear.
Wal-MarthasdecidedtoaimsubsequentphasesoftheLEDinitiativeatretrofittingexistingrefrigerateddisplaycasesatmanyofitsnearly6,700storesaroundtheworld.Overtime,theretailerhopestohaveallitsrefrigerateddisplaycaselightingusingenergy-efficientLEDs.Theretrofitrepresentsthekindofcommit-mentWal-Martismakingtobebothanefficientandprofitablebusiness,aswellasagoodstewardoftheenvironment.
20 ge 2006 ecomagination report
InKazakhstan,recordamountsofgoodsandmaterialstravelbyrail,drivenbystrongdemandfortransitintermodaltrafficandpetroleumproductsacceleratingthedemandfornew,moremoderntrains.Toassistinmeetingthisneed,GEteamedwithKazakhstanTemirZholy(KTZ),thecountry’snationalrailwaycompany,ontheconstructionofanewlocomotiveassemblyplantnearthecityofParlodartobuildnewEvolutionSerieslocomotives.Therelationshipisbasedonmorethan10yearsofcollaborationonvariouslocomo-tivemodernizationinitiatives.
TheKazakhstanEvolutionlocomotivemodeltobebuiltwillbepoweredbyGE’s12-cylinderGEVOengineandspecificallydesignedforoperationinKazakhstanandtheentireCommonwealthofIndependentStates(CIS)region.ConstructionwilloccurintheUnitedStatesandKazakhstaninphasesover
severalyears.In2008,GEwillmanufactureandship10locomo-tives.From2008through2012,productionanddeliveryofkeycomponentsfor300additionallocomotiveswilloccur,withfinalassemblytakingplaceattheKazakhstanfactory.Whencom-plete,thefactorywillbeabletoproducebetween100and150GEEvolutionSerieslocomotiveseachyear.
TheinvestmentispositioningKazakhstanasaleaderintheregioninrailroadtechnology,inlargepartbyincorporatingtech-nologythatwillbesuperiortoanylocomotivecurrentlyoperatingregionallyandthemostenviron-mentallysound.“WelookforwardtothedaywhennewGEEvolutionSerieslocomotivesbeginoperationinKazakhstan,”saysKTZPresidentDr.ErlanAtamkulov.“BecausethatwillmarkthetimewhenKTZ’sfleetbecomesthegoldstandardoflocomotivetechnologyintheCIS.”
Driving growth: Evolution Series locomotives in Kazakhstan
Greening the games: Beijing 2008 Olympic GamesThroughitsglobalsponsorshipoftheInternationalOlympicCommittee,GEisuniquelypositionedtoserveasacrediblepartnertohelptheOlympicMovementplanforandachieveitslong-termsustainabilityand“GreenGames”goals.GEiscommittedtoworkingwiththegovernments,organizingcommitteesandprivate-sectorentitiesthatbuildthemassiveinfrastructureneededtosupporttheworld’slargestsportingeventeverytwoyears.GEisapplyingitsvastenvironmentalresources,businessexpertise,andtechnologytocreatesolu-tionstoaddresspressingenvironmentalchallengesfacedbyhostcitiesandcountries,andhelpensurethattheOlympicGames’environmentallegacyisapositiveone.
FortheBeijing2008OlympicGames,GEiscontributinginmanywaystotheBeijingOrganizingCommittee’s(BOCOG)goalofstaginganenvironmentallysoundGameswithcutting-edgeenergy,lightingandwatertreatmenttechnology.GEissupplyingnaturalgascombined-cycleturbinesthatwilldeliverpower,heatingandcoolingtotheOlympicCentralArea;providingsolar-poweredLEDlightingfixturesandsolarlighting;andimprovingthecity’swastewatertreatmentcapa-bilitieswithatechnologicallyadvancedmembranesystemthatwillfiltermorethan80,000cubicmetersofwastewaterdailytoberecycledinsupportofOlympiclandscaping.
Insupportingthe“greening”oftheVancouver2010OlympicWinterGames,GEhasengageditsecomaginationteamwiththecityofVancouveranddevelopersoftheAthlete’sVillageinFalseCreektoexploreopportunitieswithregardtosustainability.GE’sWater&ProcessTechnologiesbusiness,inpartnershipwithEpcor,hasbeenawardedacontracttoimplementitsZeeWeedmembranesystemattheNordicwaterandwastewatertreatmentplant.Tohelpkeepenergycostslow,
maintainareliablesupplyandaddresstheissueofenergysecu-rity,manycountriesaroundtheworldwillcontinuetomakeextensiveuseoffossilfuels—suchascoal—fortheirpowergenerationneeds.Usingadvancedtechnology,thiscanbedoneinamuchcleanermanner.Hydrogenpowerprojectscancreatehydrogenfromfossilfuelstoproducepowerwhilecaptur-ingandsequesteringthecarbondioxideindeepgeologicalforma-tions;however,therearealmostnocommercialapplicationsofthistechnologytoday.GEandBPhaveformedaglobalalliancetoadvancegasification,powergenerationandcarboncaptureandsequestrationtechnologiesforsuchapplications.Initially,thecompaniesexpecttoworktogetheronthedevelopmentoffivehydrogenpowerplantsusingpetroleumcokeandbituminouscoalfeedstockswithverylowcarbonemissions.Thisinitiativewilldemonstratethatour
companies’leading-edgetech-nologiescanmakelow-carbonpowerproductionfromfuelsuchascoalefficient,reliable,andeconomicalforcommercialapplications.Thesetechnologiescombinedwithourfinancialstrengthandpolicysupportfromgovernments,willensureithappensnow,changingthewayweenvisionourglobalenergyfuture.Theannualcarbondioxideemissionssavedbyjustoneoftheseplants,designedtopro-duce500MWofpowerwith90%carboncaptureandgeologicalstorage,wouldbetheequivalentofcarbonsavedbytaking615,000carsofftheroadintheU.S.foroneyearorthequantityremovedfromtheatmosphereby1,451squaremilesoftreesinoneyear.Iftheannualcarboncapturedperplantwasusedforenhancedoilrecovery,itcouldincreasetheannualrecoveryofoilfromanoilfieldbysomethingintheorderof6.5millionbar-rels—equivalenttonearlyadayofcurrentU.S.oilproduction.
Partnering on power solutions: GE and BP
Cleaning up: PulsePleat Pleated Filter technologyGE’sPulsePleatpleatedfilterelementscapturefinedustinvariousmanufacturingprocessesandpreventthereleaseofair-pollutingemissions.Thetechnologyprovidesadvantagestomanufacturersinthatitrequireslessenergytooperate,resultinginlowerenergycostsandimprovedparticulatemat-terrecycling,whichreducesmaterialscosts.Asmanufactur-ersfaceincreasedproductiondemandsandloweremissionslimits,manyareseekingsolutionsthatprovidebetterperfor-manceovermanyoftoday’soptions.
PulsePleatpleatedfilterelementswereembracedbyCementosCatatumboC.A.,ahigh-qualityportlandcementproducerlocatednearMaracaibo,VenezuelathatservesthedomesticmarketaswellasmarketsintheUnitedStates,theCaribbeanandAfrica.Tocontrolpackagingprocessemissionsgeneratedduringthebaggingprocess,thecompanydecidedtoupgradetwoofitspackingareabaghousestopulse-jetstylecleaningunitsfittedwithGE’sPulsePleatpleatedfilterelements.ByemployingPulsePleattechnology,CementosCatatumbohasbeenabletoeliminatehighdustemissionsandreduceenergyconsumption.Italsohasbeenabletocutmaintenancecostsanddowntime,improvingoverallplantproductivity.
A new approach to GHG sequestration: Gas re-injectionTheoilandgasindustryisbecomingmoreattunedtofindingwaystoreducegreenhousegas(GHG)emissionssuchasCO2aswellasSO2emissionsduringexplorationandproduction.Today,GHGsareusuallyflaredandventedintotheatmosphere,asthisistheeasiest,mostconvenientwayforgasdrillerstodisposeofGHGs.
GE’sBCL304seriesCentrifugalCompressorpreventstheseGHGsfrombeingreleasedintotheatmospherethroughre-injectionintosuitablegeologicalformations,orintothesamewellsfromwhichoilisusuallyextracted.Thispreventsharm-fulgasesfrombeingventedand,insomecases,stimulatesincreasedoilproductionfromexistingwells.TheBCL304seriesCentrifugalCompressornotonlyhasthecapacitytopreventCO2frombeingreleasedintotheatmosphere,butitalsosignificantlycontributestoGHGsequestrationbyelimi-natingtheproductionofelementalsulfur.
GE’scompressorwillbeusedattheKashaganoilfieldoftheNorthCaspianSea,offthecoastofKazakhstan,oneofthelargestfieldstobediscoveredinthelast30years.Inordertomeetthedemandingenvironmentalandsafetystandardsestablishedtoprotecttheecologyoftheregion,GEdesignedandtestedthesetupforzeroleakageofsourgas.Theresultsprovedtobeoutstanding,whilealsomeetingrequiredcus-tomerspecifications.
Economicandregulatoryrequire-mentsareplacinggreaterpressureonutilitiestooperategasturbineswithloweremissions.InnorthernItaly,growingdemandsformoreenergyledItalianpublicutilityAEMtoaddGE’snewDLN2.6+combustionsystemtooneofthecompany’splantstoincreaseenergyoutputandloweremissionlevelstomeetnewstandards.TheGEdesignedDLNsystemwasdesignedtosignificantlyreducenitrogenemissionstoensuretheutilitiescanmeetever-stringentregulatoryrequirements.
Morethanayearintoproduc-tionatAEM,thislatestgenerationcombustionsystemGEhasdem-onstratedextremelylowlevelsofemissions—NOxemissionsaresignificantlylowerandCO2ispracticallyzero.Anequally
impressiveaspectoftheDLN2.6+systemisitscapabilitytomaintainlowemissionlevelsduringoff-peakperiods.Withsuchacapa-bility,AEMisabletoreducefuelconsumption,thusreducingcosts,withoutshuttingdownturbines.Inadditionthesystemcanstartdispatchingpowertomeetcustomerdemandsassoonasenergyneedstoincrease.
InadditiontoprovidinglowerNOxandCOemissions,GE’snew9FADLN2.6+CombustionSystemprovidesimprovedturbineavail-abilityandoperationalflexibility,loweremissionsduringstart-upandshutdown,andoverallreducedcostofoperation.ThisenhancedproductbuildsupondecadesofGEleadershipandexperienceintheareaofcombustiontechnology.
More energy, fewer emissions: New DLN system for power plants
GEhasapplieditsexperiencewithmorethan6,0001.5MWoperatingwindturbinestobringtomarketthe2.5xl,anevolution-aryproductdesignedforhighreliability,maintainabilityandimprovedcapacityfactortomeetthegrowingdemandsofthewindindustry.TheevolveddesignofthenewGE2.5xloffersmanybenefits.Theturbinehasbeendesignedwithadouble-bearing
mainshaftfordrive-trainreliabil-ity,fullpowerconversionforenhancedgridintegrationcapa-bilityandapermanentmagnetgeneratorthatsignificantlyimprovesefficiencyatlowerwindspeeds.Anotherbenefitoftheevolveddesignistheextensionofthemaintenanceintervalfromsixto12months,anadjustmentthathelpsdeliverincreasedannualenergyyield.
Enhancing wind power: GE 2.5xl
Switching to savings: Walgreens’ efficient lighting program Since1968,GEhasworkedwithretailerWalgreensonenergy-savingprograms.WalgreenshasbeenoneofGE’searlyadoptersofenergy-efficienttechnologiesandithassole-specifiedGE’sLEDRefrigeratedDisplayLightingforallnewstorerefrigeratedcases.Inaddition,Walgreensiscurrentlyusinghigh-efficientceilinglightinginits5,600storesacrosstheUnitedStatesandPuertoRico.BydeployingGE’shigh-efficiencyT8linearfluorescentsandbyusingcentralizedlightingcontrolsystems,Walgreensisreducingitsenergyconsumptionby133millionkWhandCO2emissionsby81,000metrictonsannually.ThisremarkableprogramwillbenefittheenvironmentandWalgreensshareholdersalikebyresultinginannualenergysavingsofmorethan$10millionforthecompany.
“ThroughourrelationshipwithGEandtheuseofinnovationinlightingtechnology,wehavebeenabletodeepenourcommitmenttoreducingourcompany’senergyusage.Welookforwardtocontinuingthispartnershipwellintothefuture.”TimSchmid,DivisionalVice-President,ConstructionandFacilitiesmanagementatWalgreens.
Taking flight: The GEnx engineInvestinginnewtechnologiesforaircraftisanongoingcommit-mentbyGEasairlinesfacemorerestrictiveconditionsaroundtheworldandlooktoanexpandedrangeofrequirementstobemet,includingreducednoiseandemissionslevels,greatercapacity,longerrangeandloweropera-tionalcosts.Takingitsfirstflightthisyearandbecomingacom-mercialreality,theGEnxenginestrikesabalancebetweenperfor-manceandcostwhilemakingexponentialimprovementsinnoise,emissionsandfuelefficiency.
TheGEnxenginerepresentsabreakthroughforsustainabilityandecomaginationintheaviationindustry.Itusesstate-of-the-artmaterialtechnology,fromrevolu-tionarycompositefanbladesandcasetomoredurable,highertemperatureturbineblades.ThecombinationoflargerandlighterweightcompositefanbladeswithGE’sTAPS(TwinAnnularPre-swirl)combustortechnologyallowsforweightreductionandcleanerfuelburn.Theimprovedaerodynam-icsdramaticallyreducenoiseandhelpmeetmorestringentnoiserequirementsatairportssuchasHeathrowwhileenablingthe
aircrafttocarrymorefueltoflyfarther.AircraftusingtheGEnxengineareabletoflyupto8,500nauticalmiles—theequivalentofNewYorktoShanghainon-stop.
Theseperformancefeatureshavemadeanimpactinthemarketplace.TheGEnxengineisthefastestsellingwide-bodyengineinGE’shistory,withmorethan800enginessoldtomorethan25customerstodatearoundtheworld.Firstdesignedin2004forthepopularBoeing787,theGEnxenginealsoexclu-sivelypowerstheBoeing747-8.ItalsowasselectedasoneoftwoenginestopowerBoeing’snew-generation787DreamlineraircraftandtheAirbusA350air-craft.TheQantasGroupselectedGEnxasthepowerplantforitsBoeing787Dreamlinerfleetofupto115aircraft.Deliveriesarescheduledtobeginin2008.TheChiefFinancialOfficerofQantas,Mr.PeterGregg,says,“TheGEnxwaschosenbecauseofitssupe-riorperformanceforthetypeofoperationtheQantasGroupaircraftwillperformandfortheenvironmentalbenefitsthatitshalldeliverascomparedtocurrentaircrafttypes.”
Investment in nature: Pakini Nui wind projectGeneratingprofitswhiledrawingonaninexhaustiblenaturalresource,GEbuiltturbinesandGEEnergyFinancialServices’capitalarecapturingthewindthatblowsacrossthemajestic,lava-formedlandscapeofHawaii’sBigIsland.The21MWPakiniNuiWindProjectisatSouthPoint,oneoftheworld’swindiesthabitablelocations.Thewindfarmisproducingelectricalenergyestimatedtobesufficientformorethan10,000homesandishelpingtoavoidmorethan22,000tonsperyearofgreenhousegasemissions.ThewindfarmishelpingtoreducetheBigIsland’sdependencyonimportedfossilfuelbytheequivalentof160,000barrelsofoilperyear.ApolloEnergy,oneofHawaii’spioneerwinddevelopers,createdtheprojectusingGEEnergy’s1.5MWSEwindturbinesandGEEnergyFinancialServices’debtandequityinvestmentsforprojectdevelopment,constructionandoperation.
RevenuesGEhassetanambitioustarget—togrowitsrevenuesfromecomaginationproductsto$20billionby2010.In2006—GE’sfirstfullyearofdeployingecomagination—revenuesgrewfrom$10billionin2005to$12billion,deliveringa20%increaseinrevenue.Twoyearsintothiscommitment,GEhastalliedsignificantprogressthatwilltranslatetotheCompany’sbottomline,reward-inginvestorsasshownhere:
GE’sbusinessspanstheglobe.Wehavepositionedourselvestoinvestanddeliver,andasaresult,weareexperiencinghugegrowthoutsidetheUnitedStates,mostnotablyinemergingmarkets.Thefollowingproductareasareparticularlyillustrativeofoutstandingecomaginationwinsfrom2006:
ENERGY STARGE’scommitmenttotheENERGYSTARprogramfurtherreflectsourbeliefthatgreenisgreen.Total2006revenuesfromGE’sENERGYSTARqualifiedproductsincluded:
ENERGYSTARdishwashers$495million
ENERGYSTARlightingCFLs(CompactFluorescentLights)$128million
ENERGYSTARrefrigerators$845million
ENERGYSTARwashers$184million
ENERGYSTARwaterdispensers$14million
WaterIn2006,GEaddedtechnologiestoitsportfoliothatwillenhancethedesalinationproductsthatGEpreviouslyhadonthemarket.Byaddingpretreatmenttechnologyforreverseosmosistechnology,GEwillbeabletobetterhelpcus-tomersaddresspressingwaterscarcityissues.
EVOLUTION transportationHighlightsaroundtheworldGEsignedacontracttosupply310EvolutionSerieslocomotivestoKazakhstan
WindIn2006,GEannouncedthatithadsurpassed5,000installationsforits1.5MWwindturbine,withrevenuesexceeding$3.4billion,anincreaseofmorethan54%over2005.Theseturbinesareoneofthemostwidelyusedmachinesintheglobalwindpowerindustry.
The1.5MWwindturbinealongwiththenewlydeveloped1.5xlemodelallowsGEtooffertheidealrotordiameterforeverywindclassification.
2009*
1816
2008*
14
2007*20062005
1210
2004
6
2010*
20
ECOMAGINATION REVENUE GROWTH
(In $ billions)
*Forecast
Aviation revenuesTodate,morethan1,065ecomagination-certifiedaircraftengineshavebeensoldwithatotalprojectedordervalueofmorethan$12billion.
Representativewins:
MiddleEast
• ALAFCO12GEnxpowered787satanapproximatevalueof$530million
• Emirates10GEnxpowered747-8freightersatanapproximatevalueof$600million
• Qatar14GE90powered777-300ersandsixGE90powered777-200LRsatanapproxi-matevalueof$750million
AsiaPacific
• Qantas45GEnxpowered787satanapproximatevalueof$1billion
Americas
• Continental10GEnxpowered787satanapproximatevalueof$250million
• Atlas12GEnxpowered747-8freightersatanapproximatevalueof$700million
Africa
• Ethiopian10GEnxpowered787satanapproximatevalueof$330million
China
• ChinaSouthern10GEnxpowered787satanapproximatevalueof$240million
• ChinaEasternAirlines15GEnxpowered787satanapproximatevalueof$370million
Europe
• Lufthansa20GEnxpowered747-8passengeraircraftatanapproximatevalueof$950million
24 ge 2006 ecomagination report ge 2006 ecomagination report 25
Greening energy investments
GE’s Energy Financial Services, whose investments in renewable energy date back more than 20 years, significantly expanded its team of experienced finance and technical professionals serving this market in 2006. The results were immediate: nearly doubling the portfolio of investments in wind, solar, hydroelectric, geothermal and biomass to $1.75 billion in 2006 with a goal of reaching $3 billion by the end of 2008. The GE unit is also exploring biofuels and energy- efficiency investments, and formed a venture investing team to focus on later-stage emerging energy and water technology companies. Amongtheinvestmenthighlights:
• NegotiatedapartnershipwithAESCorporationtodevelopgreenhousegasemission-reductionprojectsintheUnitedStates.Thepartnershipseekstooffsettheequivalentofanannualproductionvolumeof10millionmetrictons(MMT)ofcarbondioxidegasby2010,primarilythroughmethaneemissionsreductions.
• Financedandacquiredoneoftheworld’slargestsolarpowerplants,the11MWSerpaPowerPlantinPortugal,avoiding30,000tonsayearingreenhousegasemissions.
• MadecommitmentstoprojectequityinvestmentsinwindfarmsinHawaii(21MW),Texas(125MW),Pennsylvania(150MW–2farms),Illinois(132MW–2farms),NewMexico(90MW),California(38MW)andMinnesota(205MW).
• Completedfinancingfor22solarroofsatopschoolsinSanDiego,California.
• Receivedtheexclusiverighttoprovideprojectequityaswellasco-leaddebtfinancingforconstructionofa200MWrun-of-riverhydroelectricprojectinBritishColumbia.
• ProvidedaloanfortwoDelawarelandfillgas-to-energygenerationprojects,bothusingGEEnergy’sJenbachergasenginesconfiguredasgeneratorsets.Theprojectsavoidapproximately40,000tonsayearingreenhousegasemissions.
• ProvidedcapitaltoOceanPowerDelivery,Ltd.fortheworld’sfirstcommercialfacilitythatwillgenerateelectricityfromoffshoreoceanwaves.
26 ge 2006 ecomagination reportFloridaPower&Light(FPL)HorseHollowoutsideAbilene,Texas
TechnicianattheAssemblyHall,Jenbach,Austria(whereallassemblyoftheenginestakesplace)
SerpaPowerPlant,Portugal
Reduce Our Greenhouse Gas Emissions and Improve Energy SavingsTo make ecomagination truly “sustainable” from a business perspective, GE set very real, aggressive targets, one of which is to improve the energy efficiency of Company operations and reduce the Company’s greenhouse gas (GHG) emissions. GE’s plan to achieve this is called 1-30-30.
The“1”reflectsthepercentage(versus2004levels)bywhichGEwillreduceitsabsoluteGHGemissionsworldwideby2012.Thisisamajorgoal,giventhatGHGemissionswouldotherwisehavegrownsubstantiallybaseduponcurrentbusinessgrowthprojections.GEalsocommittedtoreducetheintensityofitsGHGemissions30%by2008andimproveenergyefficiency30%bytheendof2012(alsoversus2004levels).ImprovingenergyefficiencytranslatesintosignificantenergycostsavingsforGE—anotherwayecomaginationisrewardinginvestors.
Bymakingapubliccommitmentandthentrackingtheresults,GEisleadingbyexampleanddemonstratinghowonecompanycanmakeadifference.
JenbacherengineassemblyJenbach,Austria.
CO2 PRODUCTION
(In millions of tons)
A. Original growth estimateB. Baseline emissions
2010*2008*20062004 2012*
1512.312.1 12.3
14.113.2 12.3
15.7
12.312.1
*Forecast
ge 2006 ecomagination report 2928 ge 2006 ecomagination report
Greenhouse gas emissions2006Results:
•GEcutworldwideGHGemissionsfromitsoperationsbyabout4%to10.8MMTin2006comparedtothe2004baseline.Bywayofcomparison,theannualavoidedGHGemissionsfromjustoneofGE’sproducts,itsinstalledbaseofwindturbines,isapproximately18.8MMT.
•GE’sGHGandenergyintensityhavebothbeenreducedby21%and22%respectivelycomparedtothe2004baseline.Inaddition,GEhasreduceditsabsoluteenergyuseby5%comparedto2004.
Thesedata(seechartsbelow)arebasedondetailedinformationfromabout550largeGElocationsaswellasestimatesfromanadditional3,000smallerGElocations.ItalsoincludestheairfleetGEoperatesforitsourownuseaswellasvehiclesleasedbyGEFleetServicesforinternalGEuse.
Futureyearlyresultsmayshowincreasesaswellasdecreasesinemissionsdueto:
•Acquisitionanddivestments.AlthoughthenumberoflargeGElocationsisaboutthesameasin2004,therehasbeenachangeofapproximately15%intheactualsitesmakingupthislist.Weanticipatethatthesitesmakingupourinventorymayundergoanother15%changein2007.EachofthesechangesrequireadjustmentstoGE’s2004baselineemissionsandtheemissionsprofilesofnewlyacquiredlocationsmaydiffersignificantlyfromdivestedsites.
•Buildingofnewmanufacturing,officeandserviceoperationsforwhichtherewillbeno2004baselineadjustments.
•Productionincreasesanddecreases.
Tooffsettheseincreasesby2012,ourstrategyistocontinuetoidentifyandimplementalargevarietyofreductionprojectsincludingenergyconservationmeasures,useoflowcarbonenergysupply(includingrenewables)andapplicationofGEtechnologiestoouroperations.
MoreinformationonthedetailsofGE’sGHGinventory,includingmethodology,QualityControl/QualityAssuranceprocess,verificationofourbaselineGHGinventoryandtheextenttowhichGEfollowstheWorldResourcesInstitute(WRI)/WorldBusinessCouncilforSustainableDevelopment(WBCSD)GHGProtocolcanbefoundatwww.ge.com/en/citizenship/features/greenhouse.htm.
GEenergyfinancialinvestmentsInadditiontoreportingGHGemissionsfromitsoperations,GEisreportingtheGHGemissionsassociatedwithitsequityinvest-mentsinpowerplantsthroughGEEnergyFinancialServices.
WearereportingtheseemissionsbaseduponGEEnergyFinancialServicesbusiness’percentageofequityownership,evenifGEdoesnotcontrolthepowerplant’selectricityoutput.Forexample,ifthatbusinessunit’sequityinterestis100%,alloftheGHGemissionsfromthatpowerplantareattributedtoGE.IfGEEnergyFinancialServicesbusiness’equityinterestis20%,thatisthepercentageofGHGemissionsattributedtoGE.Calculatedonthisbasis,GHGemissionsareapproximately10.94MMTfrom27equityinvestments.
AswithGE’scommitmentsonGHGemissionsfromitsopera-tions,GEisalsoundertakingseveralinitiativesarounditsequityinvestmentsinenergy,suchas:
•DemonstratingleadershipbybecomingoneofthefirstfinancialservicescompanyintheworldtoreportGHGemissionsassoci-atedwithpowerplantequityinvestments.
•WorkingwithWRIandotherorganizationsinthissectortodevelopaGHGAccountingProtocoldesignedtocoverthefullrangeoffinancialinstrumentsusedinthefinancialservicesindustry.
•ParticipatinginUSCAP,advocatingforU.S.legislationsettingmandatoryGHGreductiongoalsandforacap-and-trademech-anism,whichwouldimpactGE’sownpowerplantinvestments.
•Helpingtostimulatethegrowthofrenewableenergythroughanaggressiveinvestmentstrategy.GEhasgrownitsassetsinthisareafrom$630millionin2004tomorethan$2billiontoday(including13equityinvestments)withagoalof$3billionbytheendof2008.
•ElectricityfromEnergyFinancialServicescurrentequityportfo-lioofrenewableassetswillavoid[4.4millionshorttonsofCO2peryear(3.9MMT)].Thisisbasedonactual2006generationforoperatingprojectsandlikely(P50,i.e.equalchanceitwillbehigherorlower)generationforthosethatarenotfullyopera-tionalyet.
•Byincorporatinganassumedfuturecostofcarbontohelpguideitsinvestmentdesision-making.
•LeadingU.S.carbonmarketdevelopmentthroughitsrecentlyannouncedpartnershipwithAESCorp.tofinancecarbonreductionprojectswithagoalofoffsetting10MMTofGHGsby2010.
2005
11.2511.26
2004 2006
10.83
GE OPERATIONAL GHG EMISSIONS
(Million metric tons of CO2 equivalent emissions)
2005
107.71108.00
2004 2006
102.93
GE OPERATIONAL ENERGY USE
(Million MMBtu)
GE OPERATIONAL ENERGY INTENSITY
(MMBtu per $ million revenue)
2005
728.00804.21
2004 2006
629.96
2005
76.0583.39
2004 2006
66.31
GE OPERATIONAL GHG INTENSITY
(Metric tons per $ million revenue)
30 ge 2006 ecomagination report
Achieving big savingsEachoneofGE’sbusinesseswithsignificantGHGemissionshasdevelopeda1-30-30strategicplantomeetGE’sgoalsofreducingtheCompany’sGHGemissions.TheCompanyhasalsodevelopedaspecializeddatabasefortrackingprojectsandsharinglearnings.Todate,GEhasidentifiedopportunitiesformorethan1MMTofCO2reductionsandhasexecutedonprojectswithmorethan300,000-metrictons(MT)ofreductionsand$70millioninenergysavings.Someoftheseexamplesinclude:
Re-lampingGEfacilitiesInour2005ecomaginationreport,GEcommittedtore-lampingmanufacturingfacilitieswithinourIndustrialbusinessestodemonstrateourcommitmenttousingourownenergy-efficienttechnology.Sobeganatwo-yearplantoretrofitlightingat84ofGE’sindustrialmanufacturingplantsandwarehousesworldwide.Wehavere-lamped62of84manufacturingplantswithinourIndustrialdivisionwithnewenergy-efficientGET8andT5fluores-centlamps,driving62,000MTofGHGreductionannuallyand82.5millionkilowatthoursofelectricityuse.Thesesiteshavealsogeneratedanestimatedtotalannualsavingsof$5.3million.Thisenergyusereductionisroughlytheequivalenttoremovingnearly12,000carsofftheroad.
EnergyTreasureHuntsGEhasmadewidespreaduseofthe“treasurehunt”processdevel-opedbyToyotatoidentifyenergysavingsandGHGreductionsat181GEgloballocations.Morethan5,400projectsidentified648,000MTofGHGopportunityandapotential5,800,000MMBTUinenergysavings.Ofthispotential,nearly250,000MTofCO2reductionhasbeenrealizedorisfundedforimplementationduring2007.Mostimportant,thisprocesshasengagedmorethan2,600ofGE’semployeesandidentifiednumerousprojectsthatwillimpactGE’sglobalGHGfootprint.
SolarPanelInstallationsGEhasalsocommittedtocompletingseveralveryvisibleprojectsusingourowntechnology.InMay2007,GE’sheadquartersinFairfield,Connecticut,beganusingGE’sownsolarpanelstogenerateelectricity.Inadditiontoleveragingagainstenergycostincrease,thisprocessdemonstratesthatrenewabletechnologyisagreathedgeintheenergymarket.Fiveadditionallocationswillbeinstallingsolarpanels,targetingatotalof20sitesbytheendof2007—anexcitingdemonstrationofusingourowntechnology.
UsingGEResearch&TechnologyCapabilitiesGEhasbeenleveragingtheexperienceofourGlobalResearchCenterstoworkwithourbusinessesonreductionprojects,includingeliminating50,000CO2equivalenttonsofSF6(apotentgreenhousegas)atoneofourfacilitiesandworkingwithourchemicalplantstoperformstudiesidentifyingmorethan100,000additionaltonsinCO2reductionopportunities.
eCO2SiteCertificationProgramGEbelievesinrewardinghardwork.Akeypartofrewardingthenumeroussitesandfacilitiesthathaveembracedecomaginationand1-30-30,isourrewardandrecognitionprogram.GErecognized25facilitiesgloballyforbeatingthe1%reductionrequirementanddemonstratinga5%year-over-yearreductioninGHGemissionsduring2005.Inaddition,wealsorecognizedsixteamsthatwerethe“best-of-the-best”indevelopingthemosteffective,innovativeandcreativesolutionstomeetingour1-30-30goals.Thesebest-in-classteamswereawardedagrantforuseinspreadingtheecomaginationmessagebeyondGE’swalls,andintothebroadercommunity.
Solarpanelinstallation,GEEnergyGreenville,SouthCarolina
ge 2006 ecomagination report 31
Keep the Public InformedTo optimize the potential of our ecomagination business strategy, GE is engaging the public and our customers in a free exchange of information, ideas, comments and constructive criticism. When we engage diverse stakeholders we’re better able to understand our mutual challenges and identify opportunities for improvement. This past year, ecomagination expanded globally as GE increased its engagement with customers and governments around the world, including the launch of ecomagination in China and Australia. GE believes in seeking opportunities wherever they present themselves in the world and doing so in a socially responsible way.
AspartofGE’soverallcorporateefforttoimprovetransparency,theCompanyissuesthisannualecomaginationreporttotrackenvironmentalgoalsaswellasaseparatecitizenshipreporttohighlightsocialresponsibilityendeavors.
ExternalmeasurementsareanimportantindicatorofGE’sprogress.Inthepastfewyears,GEhasbeenselectedforseveralcredible,sociallyresponsibleinvestment(SRI)indices,includingtheDowJonesSustainabilityIndex(DJSI),KLDGlobalClimate100IndexandInnovestGlobal100“MostSustainableCorporationsintheWorld”index.TheDJSIhaslongbeenabenchmarkforsociallyresponsibleinvestorstoidentifycompaniesthathavemadeout-standingcontributionstocitizenshipefforts.TheKLDandInnovestratingsweredesignedtopromoteinvestmentincompanieswiththestrongestsustainabilityperformanceandwhoseactivitiesdemonstratethegreatestpotentialformitigatingthecausesofclimatechange.
JeffImmeltwithJonathanLashattheUSCAPannouncementpressconference
ge 2006 ecomagination report 3332 ge 2006 ecomagination report
The engagement processToensureecomaginationresearch,innovationandcustomerdemandsaremet,JeffImmeltappointedLorraineBolsingerasvicepresidentofecomagination.Ms.BolsingermanagestheentireprogramacrossGE,unitingmarketingandsalesandaligningthemwiththeCompany’senvironment,healthandsafetyprogramstomeetthegoalsoftheinitiativeandtheCompany.Inthisrole,Lorraineisresponsibleforextendingrelationshipswithstrategiccustomersbyexpandingpartnershipprogramsfocusedonnewtechnology,enterprisesellingandpromotion;workswithGE’sGlobalResearchorganizationtoassessadvancedtechnologyproj-ectsforcommercializationopportunities;andcoordinateswithGE’snetworkofseniorcountryexecutivestodevelopecomaginationplatformstailoredtomeettheircountries’uniqueneeds.ShealsospearheadsGE’scommitmenttokeepthepublicengagedbyliais-ingwithcustomers,governmentofficialsandnon-governmentalorganizationsaroundtheworld.
Inadditiontothisoutreach,GEusesseveralvehiclestoengagethepublic,includingourWebsite,specialengagementsandcon-ferences,andstakeholderevents.
Global EventsChinaInMay2006,GElaunchedecomaginationinChina,nearly100yearssinceGEfirstbeganworkinginthecountry.Attheday’sevent,VicePremierZengPeiyanexpressedhisappreciationforthelaunchofecomagination,notingthattheinitiativeisinlinewiththegoalofChina’snationaldrivetobuildaresource-savingandenvironmentallyfriendlysociety.
TheoccasionmarkedtheagreementofChinaandGEtoworktogetherusingChineseenterprisesandresearchinstitutionstoexplorenewenvironmentalprotectionandenergy-efficienttech-nologiesthatarewellsuitedfortheneedsoftheChinesepeople.EcomaginationinChinaisbeingfosteredinanenvironmentofsomeofGE’sfinestresearchcapabilitiesinthecountry,someoftheCompany’smostcreativeanddedicatedemployees,andcus-tomerswhowillbenefitfromthestrengthandpromiseofboth.
AustraliaGElaunchedecomaginationinAustraliainSeptemberof2006.GEhashadbusinessrelationswithAustraliasince1902,andbelievesinworkingwiththecountrytodiscoveranddevelopsolutionstogrowingenvironmentalchallengesinAustraliaandaroundtheworld.Withthisobjectiveinmind,GEViceCharimanandPresidentandCEOofGEInfrastructureJohnRicemetwithAustralianleadersonthedayoftheecomaginationlaunchtodiscusstheuniquechallengesthatAustraliafacesinsecuringadequateenergyandwaterreservesinaresource-constrainedworld.Futureeffortswillcontinuetofocusontheseissues.
UnitedStatesClimateActionPartnership(USCAP)InJune2005,theU.S.NationalAcademyofSciencesjoinedwiththescientificacademiesof10othercountriesinstating:“thescientificunderstandingofclimatechangeisnowsufficientlycleartojustifynationstakingpromptactions.”
GEbelievesthateachyearwedelayactiontocontrolemissionsincreasestheriskofunavoidableconsequencesthatcouldnecessitateevensteeperreductionsinthefuture,atpotentiallygreatereconomiccostandsocialdisruption.Actionsoonerratherthanlaterpreservesvaluableresponseoptions,narrowstheuncertaintiesassociatedwithchangestotheclimate,andshouldlowerthecostsofmitigationandadaptation.
ThispastyearGEjoinedtheUnitedStatesClimateActionPartnership(USCAP),adiversegroupofbusinessandleadingenvi-ronmentalorganizations,topromoteeffective,economicallysustainableclimatechange.Thegroupisunderscoringtheneedforapolicyframeworkonclimatechangeandiscallingfornationallegislationtosignificantlyreducegreenhousegasemissionsovertheshortesttimereasonablypossible.
USCAPurgespolicymakerstoenactapolicyframeworkformandatoryreductionsofGHGemissionsfrommajoremittingsectors,includinglargestationarysourcesandtransportation,andenergyuseincommercialandresidentialbuildings.Thecorner-stoneofthisapproachwouldbeacap-and-tradeprogram.TheenvironmentalgoalistoreduceglobalatmosphericGHGconcen-trationstoalevelthatminimizeslarge-scaleadverseimpactstohumansandthenaturalenvironment.ThegrouprecommendsthattheU.S.Congressprovideleadershipandestablishshort-andmid-termemissionreductiontargets;anationalprogramtoacceleratetechnologyresearch,developmentanddeployment;andapproachestoencourageactionbyothercountries,includingthoseinthedevelopingworld,asultimatelythesolutionmustbeglobal.
Throughdialogueandayear-longcollaboration,thegrouphasproducedasetofprinciplesandasolutions-based“CallforAction”reportthatlaysoutablueprintforamandatoryeconomy-wide,market-drivenapproachtoclimateprotection.ThemembersofUSCAPpledgetoworkwiththeU.S.President,theU.S.Congressandotherstakeholderstoconfrontthisvitalglobalchallenge.
EcomaginationAdvisoryCouncilOneofthewaysthatGEincreasesitsengagementwiththepublicisthroughtheEcomaginationAdvisoryCouncil.Thecounciliscomprisedofaboardofsixtoeightindustrythoughtleaderswithexpertiseinenergyandtheenvironment.Currentmembersofthecouncilinclude:
•JamesCameron,ClimateChangeCapital•EileenClaussen,PewCenteronGlobalClimateChange•KarendeSegundo,Consultant•VinodKhosla,KhoslaVentures•JonathanLash,WorldResourcesInstitute•RichardMacrory,UniversityCollegeLondon•BillMcDonough,WilliamMcDonough+Partners•ErnestMoniz,MassachusettsInstituteofTechnology•DanReicher,GoogleCorporation
GEAwardedENERGYSTARPartneroftheYearInadditiontoourlargeB-2-Bcustomers,consumersareanimpor-tantaudienceforecomagination.Asinterestandconcernfortheenvironmentgrows,consumerswanttoknowhowtheycanmakeapositiveimpactthroughtheireverydayactions.GE’sproductsthatarequalifiedasENERGYSTARcreatevisibilityforthecausewhilealsoprovidingconsumerswitharesponsiblepurchasingoption.GEhasbeencommittedtomeetingENERGYSTARqualifica-tionforasmanyofitsConsumer&Industrialproductsaspossible.From2002to2006,GEinvestedmorethan$405milliontodevelopandbringtomarkethigh-efficiencyapplianceproducts.In2006alone,GEinvestedmorethan$55millioninENERGYSTARqualifiedapplianceproducts—up31%over2005.
Inrecognitionofthiscommitment,theU.S.DepartmentofEnergyandtheU.S.EnvironmentalProtectionAgencyawardedGEConsumer&IndustrialtheENERGYSTAR2007PartneroftheYearSustainedExcellenceawardforthesecondyearinarow.TheawardrecognizesGE’sachievementincreatinghigh-performancehouseholdapplianceandlightingproductsthathelpreduceenergyspendingandprotecttheenvironment.
GEhasaggressivelysupportedtheENERGYSTARprogramthroughbroadconsumerandcustomereducationandhasparticipatedinnationalandregionaleventspromotingENERGYSTARqualifiedproductstoconsumers,customersandhomebuild-ers.Forexample,GEworkscloselywithmajorretailerstodriveawarenessofEnergySmartbulbsthroughbroadconsumerandcustomeroutreachcampaigns,andisanavidsupporteroftheENERGYSTAR“ChangeaLight,ChangetheWorld”campaign.Today,morethan50%ofallGEapplianceproductsareENERGYSTARqualified,includingnearly520appliancesandmorethan65lightingproducts.
ThecouncilmeetsatleastonceayearatGE’sGlobalResearchCenterinNewYorkandfocusesongivingGEguidanceonitstechnologyresearchandinvestments.Councilmembersareaskedtoparticipateinquarterlyconferencecalls,providenewideasonecomagination,helpgenerateorreviewwhitepapersfordistri-butiontokeystakeholdersandparticipateinGE-sponsoredeventsandotherforumsthatengagethepublic.
EcomaginationWebsiteTheGEecomaginationWebsiteprovidesaforumforthelatestinformationonecomaginationprogress,advertisingandproducts.TherevitalizedsitenowfeaturesshortproductfilmsfromaroundtheworldandinterviewswithGEcustomersandemployees.Thesiteisavailableinmultiplelanguages,andvisitorscanlearnmoreaboutmorethan45products.Todate,thededicatedecomaginationWebsitehasrecordedmorethan1.3millionuniquevisitors.
PublicawarenessGE’scommitmenttokeepingthepublicinformedisreinforcedthroughitsadvertisinganddigitalefforts.Theecomaginationcam-paignsprovideawarenessforbusinessexecutivesandconsumersontheplatformwhilealsoeducatingthemaboutGEproductsandservices.InJanuary2007,GElauncheditslatestroundofecomaginationtelevision,printandonlineadvertisingthatfocusedonwindandsolarenergy,waterdesalinationandcleanercoaltechnology.ThenewcampaigngarnerednumerousawardsandpositivereviewsfromAdAge,TheChicagoSun-Times,AdWeekandIAGResearch.
ThemtvUGEecomaginationChallengeGEbelievesimaginativeideascomefromallsources,includingfromcollegestudents.Tosparkcreativityandinnovationamongyoungpeople,GEjoinedwithmtvU,MTV’s24-hourcollegenetworkinSeptember2006tohostthemtvUGEecomaginationChallenge.CollegestudentsacrosstheUnitedStateswerechallengedtosub-mitgroundbreakingideasforprojectsthatwouldmaketheirschoolsmoreenvironmentallyresponsible.
AfterGEandmtvUannouncedthetop10finalists,studentscastthedecidingvotefortheprojecttheyfelthadthegreatestpotentialenvironmentalimpact.ThewinnerwasMITanditsteam,Biodiesel@MIT,whichproposedconstructionandmanagementofacampusbiodieselsystemtoconvertwastevegetableoilfromdininglocationstoacertifiedbiodieselthatwillbeusedtopowertransportationoncampus.Asthewinner,MITreceiveda$25,000granttohelpbringitsbiodieselproposaltolifeaswellasanAngels&AirwavesEarthDayconcert.
Inasurveyconductedafterthechallenge,awarenessofGEasanenvironmentallyconsciousbrandroseby64%.
“Partners like GE are outstanding leaders in protecting our environment through energy efficiency…. As one of the 2007 ENERGY STAR Sustained Excellence winners, GE has taken energy efficiency to new heights year after year and we all benefit.” BillWehrumActingAssistantAdministratorforEPA’sOfficeofAirandRadiation
ge 2006 ecomagination report 3534 ge 2006 ecomagination report
GE at a glanceGEisanintegratedcompanyorganizedintosixbusinesses:
GE Industrial GEIndustrialprovidesabroadrangeofproductsandservicesthroughouttheworld,includingappliances,lightingandindustrialproducts;factoryauto-mationsystems;plastics,andsensorstechnology;non-destructivetestingandequipmentfinancing;andmanagementandassetintelligenceservices.
GE Healthcare GEHealthcare’sexpertiseinmedicalimagingandinformationtechnologies,medicaldiagnostics,patientmonitoringsystems,diseaseresearch,drugdiscoveryandbiopharmaceuticalmanufacturingtechnologiesisdedicatedtopredictinganddetectingdiseaseearlier,monitoringitsprogressandinformingphysicians,helpingthemtotailorindividualtreatmentforindividualpatients.
GE’sannouncedacquisitionofAbbott’sinvitrodiagnosticsandpoint-of-carediagnosticsbusinessesfor$8.1billionwillcomplementGEHealthcare’sexistingleadershippositioninvivoimagingsystemssuchasX-ray,CT,ultra-soundandMR,andacceleratetheshiftingcarecontinuumtoward“EarlyHealth.”
GE Infrastructure GEInfrastructureisoneoftheworld’sleadingprovidersofessentialtechnol-ogiestodeveloped,developingandemergingcountries.Throughproductsandservicesinaviation,energy,oilandgas,transportationandwaterandprocesstechnologies,GEishelpingtodeveloptheinfrastructureofcountriesallovertheworld.GEInfrastructureprovidesaviationfinancingaswellasenergyandwaterinvesting,lendingandleasing.
NBC Universal NBCUniversalisoneoftheworld’sleadingmediaandentertainmentcompaniesinthedevelopment,productionandmarketingofentertainment,newsandinformationtoaglobalaudience.FormedinMay2004throughthecombiningofNBCandVivendiUniversalEntertainment,NBCUniversalownsandoperatesavaluableportfolioofnewsandentertainmentnetworks,apremiermotionpicturecompany,significanttelevisionproductionoperations,aleadingtelevisionstationsgroupandworld-renownedthemeparks.NBCUniversalis80%ownedbyGeneralElectricand20%ownedbyVivendi.
GE Commercial Finance GECommercialFinance,oneofGE’slargestgrowthengines,offersanarrayofservicesandproductsaimedatenablingbusinessesworldwidetogrow.GECommercialFinanceplaysakeyroleforclientbusinessesinmorethan35countriesandindustriessuchashealthcare,manufacturing,fleetmanage-ment,realestate,telecommunicationsandcommunications,construction,energy,aviation,infrastructureandequipment.
GE Money GEMoney,formerlyknownasGEConsumerFinance,isaleadingproviderofbankingandcreditservicestoconsumers,retailers,autodealersandmortgagelendersinapproximately50countriesaroundtheworld.GEMoneyoffersabroadrangeoffinancialproductsandisatrulyglobalcompany,withapproxi-mately75%ofitsnetincomegeneratedoutsidetheUnitedStatesandwithglobaloperations.
Financial highlightsThroughouttheeconomiccycles,GE’slong-termfinancialgoalsare:organicrevenuegrowthof2-3XGDP;greaterthan10%annualearningsgrowth;operatingcashflowexceedingearningsgrowth;andareturnonaveragetotalcapitalof20%.
• Continuingrevenuesincreased10%to$163.4billion.Organicrevenuegrowthwas9%.
• Earningsfromcontinuingoperationsgrew11%to$20.7billion.Earningsinfourofsixbusinessesgrewbymorethan10%.Industrialoperatingprofitexpanded40basispointsto15.2%.
• Cashflowfromoperatingactivities(CFOA)was$24.6billion,up14%.Industrialcashflowgrew7%.Returnonaveragetotalcapital(ROTC)was18.4%,up180basispointsfrom2005.
DesignbyVSAPartners,Inc.PrintedbyActiveGraphics,Inc.,aForestStewardshipCouncil(FSC)certifiedprinter.
ThisreportisprintedonFSC-certifiedMohawkOptions100%PCWmanufacturedentirelywithwindenergyandcontains100%post-consumerrecycledfiber.ThispaperiscertifiedbyGreenSealandbySmartWoodforFSCstandardsthatpro-moteenvironmentallyappropriate,sociallybeneficialandeconomicallyviablemanagementoftheworld’sforests.
GE CUMULATIVE CASH FLOWS
(In $ billions)
A. Cash flows from operating activitiesB. Dividends paidC. Shares repurchased ($)
2005
60
2004
38
2003
23
2002
10
2006
84
A
B
C
DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGES
(In dollars)
2005
1.76
2004
1.59
2003
1.40
2002
1.46
2006
1.99
CONSOLIDATED REVENUES
(In $ billions)
2005
148
2004
134
2003
113
2002
112
2006
163
Where we’ve come from, where we need to go:AMessagefromEileenClaussen
WhenGEannouncedin2005thatitplannedtodevelopalineofproductstohelpcombatclimatechangeandotherpressingenvironmentalproblems,Icalledit“thebiggestandmostambitiousclimatestrategyincorporateAmerica.”Anditwas.Ameretwoyearslater,theideahasemergedintothemainstream.CompanieslikeWal-Mart,BankofAmerica,PG&EandWeyerhaeuser,tonamejustafew,havealsomadesignificantneweffortstoimprovetheirproductsandoperationstobenefittheenvironment.Long-timeleadershavealsorecentlyannouncedmajorjointinitiatives,suchastheBP-DuPontcollaborationonthedevelopmentofrevolutionarybiofuels.Byconventionalmeasures—profits,sales,publicity—ecomaginationhasbeenextraordinarilysuccessful.Butinmymind,therealsuccessofecomaginationshouldbemeasurednotindollarsigns,butbythechangeithasledinthewidercorporateworld.
Still,muchmoreneedstobedone.Thechallengeisgreatandtimeisshort—whatweneedisnothinglessthananeconomy-wideglobalshifttolow-andno-carbontechnologies.Whileagrowinghandfuloftheworld’stopcompaniesarepullingusintherightdirection,policyincentivesmustbeputinplacethatpushtherestofthebusinessworldtocatchup.GEunderstandsthatthroughtheuseofmarket-basedpolicies,wecansparkthetransitiontoalow-carboneconomythatwillbegoodforthecompany,goodfortheeconomyandgoodfortheplanet.
GEjoinedtheU.S.ClimateActionPartnership(USCAP)withthisunderstandinginmind.USCAPisanunprecedentedCEO-levelcollaborationofovertwodozenmajorcorporationsandnongov-ernmentalorganizations,includingthePewCenter,thatiscallingontheU.S.Congresstopasslegislationestablishingamandatory,economy-wideclimatepolicyattheearliestpossibledate.GEandtherestofthecompaniesinUSCAPunderstandthatthemostimportantdriverfortechnologicalchangeisastrongpricesignal.Acap-and-tradesystemregulatinggreenhousegasemissionsisthemostpracticalwaytocreatethissignal,combinedwithsector-specificpoliciestostimulatetechnologicalinnovationincoal-basedenergy,buildingsandtransportation.
ThevastmajorityofcorporationsthePewCenterpolledforourrecentreport,“CorporateStrategiesThatAddressClimateChange,”believegreenhousegasregulationsarecoming—abeliefmotivat-ingthemtodevelopnewlow-carbonproductsandservices.Byfollowingatwo-prongedapproachinvestingintechnologicalinnovationandadvancingpolicysolutions,GEhasdevelopedawellthought-outclimatestrategythatbenefitstheenvironmentaswellasitsshareholders.Withecomagination,GEhaspositioneditselfattheforwardedgeofthisnewbusinessmovement.Withitspolicyleadership,GEisensuringthatthemovementwillcontinuetogrow.
EileenClaussenPresidentPewCenteronGlobalClimateChange
36 ge 2006 ecomagination report
TolearnmoreaboutGE’secomaginationstrategyandgetupdatesonprogressasitrelatestoproducts,servicesandouroverallcommitment,pleasevisitwww.ecomagination.com.
Ifyou’dliketosharethiswithcolleagues,referthemtowww.ecomagination.com/report,wheretheycandownloadthefullreport.