The global economy is fueled by innovation. Whether innovation takes place in a garage or by large multi-national corporations, such activity provides jobs at many different levels. Fostering an environment for innovation is not only the responsibility of governments, but also individuals and corporations. GE, a company which owes its origin to Thomas
Since entering into the global renewable energy industry in the year 2002, General Electric has been recorded as investing over $850 million into various renewable energy technologies. In 2009, it was noted that General Electric’s renewable energy initiatives, which covered the gamut of renewable energy technologies, including
The ecomagination team at GE is pushing renewable energy limits with heat capture and hybrid dynamic braking on trains.
The energy that’s generated when stopping a train is quite substantial and GE’s ecomagination team is discovering ways to capture that energy. In a conventional train engine, that energy is
After four months of diligence sessions, 3,800 ideas, and 70,000 voices from 150 different countries, GE and its venture capital partners –RockPort Capital, Foundation Capital, Kleiner Perkins Caufield & Byers and Emerald Technology Ventures announced on Tuesday in New York the five winners of the innovation Challenge award:
On July 13th, GE and its partners issued a challenge to the world: Submit breakthrough ideas that transform the way we create, connect and use power and they,
While others talk about the need to change our nation’s energy habits, GE is committing resources to find the best ideas and build a better energy grid.
GE and its partners announce the GE ecomagination Challenge: Powering the Grid, a $200 million investment in finding the best technologies, processes and business models to bring our energy grid into the 21st century. It’s about making clean energy real, bringing to market what works, right now.
In looking for the best ideas, GE is asking you to get involved in finding the solution.
You can submit an idea or vote for the ideas that you think are the most promising and play a part in defining the future of our energy grid.
There are three separate challenges to address how we create, connect and use energy, focused on: renewable energy, grid efficiency and eco homes/eco buildings.
General Electric and a number of leading venture capital firms announced today what some have already dubbed “the biggest quest for ideas in history.” GE Chairman and CEO Jeff Immelt unveiled the “GE ecomagination Challenge: Powering the Grid,” an open innovation challenge that will give $200 million to smart grid ideas submitted through GE’s ecomagination website.
The challenge is global and targeted at technologists, entrepreneurs, and startups “to share their best ideas and come together to take on one of the world’s toughest challenges – building the next-generation power grid to meet the needs of the 21st century.”
GE and its partners – leading venture capital firms Emerald Technology Ventures, Foundation Capital, Kleiner Perkins, RockPort Capital as well as Wired magazine’s Chris Anderson – will evaluate the ideas and invest the $200 million capital into promising startups and ideas.