General Electric to invest in green energy companies
Investing News Network - October 26th, 2009
General Electric Co., a major investor in wind- and solar-energy projects, plans to invest as a venture capitalist in emerging green technologies.
General Electric Co., a major investor in wind- and solar-energy projects, plans to invest as a venture capitalist in emerging green technologies.
The news article is quoted as saying:
Since its first investment, in lithium-ion battery maker A123Systems Inc. in January 2006, the venture-capital group at GE Energy Financial Services has put $160 million into a portfolio of 20 companies focused on renewable energy, power-grid and energy-efficiency improvements, and, to a lesser extent, advanced oil and gas technologies