Competitor GE Wind Energy, a unit of General Electric, ranked number one in wind turbines sales in the U.S. in 2009, according to a recent report from the American Wind Energy Association.
Now GE sells wind turbines, smart grid systems and oil and gas technology around the world, as well as the big gas power turbines that made it an industry leader in the U.S. a long time ago.
Little also pointed out that GE has significant experience in wind energy, solar, and in nuclear power.
The innovative Sanya Skypump pairs UGE's cutting-edge vertical wind turbines with GE's electric vehicle (EV) charging technology to offer completely clean energy to power electric vehicles.
ENGADGET: GE, Urban Green Energy set up first integrated, wind-powered EV charging station (video)
Among the new gizmos and gadgets showcased by GE were a slew of energy-efficient smart appliances, the GE Energy Smart LED, an advanced small wind turbine, and an Yves Behar-designed home electric vehicle charging dock called the GE WattStation.
Nevertheless, given the way the political wind is blowing, GE Capital should expect to feel a heavier regulatory hand on its shoulder in future.
In November, WinFlex, a wind-power company based in Kiryat Yam, Israel, received one of the most coveted prizes in the GE Ecomagination Challenge for developing a wind-turbine system that uses a light, flexible cloth sheets made out of composite materials as the rotor system for a wind turbine.
GE, meanwhile, has installed more wind turbines worldwide than any other company.
Now, GE wants to replicate this success in the emerging offshore wind market.
BARCELONA, SPAIN - August 14, 2012 - Urban Green Energy (UGE) and GE (NYSE: GE) have unveiled the world's first integrated wind-powered electric vehicle charging station.
ENGADGET: GE, Urban Green Energy set up first integrated, wind-powered EV charging station (video)
GE, which manufactures gas turbines for power generation, wind turbines and a variety of products for energy production, distribution and management is benefiting from this rising demand.
FORBES: GE's Earnings Will Lean On Industrials As Europe Limps Along
Second, General Electric (GE) announced on May 23rd that they will be offering production based availability (PBA) guarantees as an option for new and existing operations and maintenance contracts on all GE 1.5 and 2.5 megawatt series wind turbines.
Ecomagination also means selling more windmills, a controversial business where GE pushed itself into second place behind Denmark's Vestas Wind Systems by buying an Enron unit in 2002.
The integrated system incorporates both the energy production capacity of UGE's 4K wind turbine and the EV charging capability of the GE Durastation in a single unit, with all required electrical systems located within the tower.
ENGADGET: GE, Urban Green Energy set up first integrated, wind-powered EV charging station (video)
The company noted lower pricing in wind products hurt earnings. (Read Little Risk To GE From Japan Nuke Crisis).
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Backed by Dow Chemical, they hope to use this technology to challenge the big and established wind energy giants (Siemens, Vestas, Enercon, Gamesa, GE, and a small number of other highly capitalized players) in the offshore frontier.
Tuesday's sale of the remaining stake gives GE cash to focus on its industrial businesses, such as building train locomotives, wind turbines and lights.
Bigger guns like Goldman Sachs and General Electric 's GE Energy Financial Services have done some renewable energy financing as well, primarily of wind farms.
Indeed, various companies, including GE, are investing heavily in ways to come up with cost-effective systems to store the wind and solar energy that their wind turbines and solar technologies capture in combination with other means of generating electricity and power.
FORBES: Power Opportunity for GE, et al: How To Store Wind/Solar Renewable Energy
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