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    GRG55's Avatar
    GRG55 is online now iTulip High Commissioner, Select Premium Member, Canada and Persian Gulf
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    May 2007

    Default GE and Electric

    Quote Originally Posted by Rajiv View Post
    Interesting! But in the current political environment, there may be "Security" considerations that make the widespread use of this infeasible. Leading of course to the continued use of fossil fuels!

    Also, I just got a one of this - no oil! (click on the images to get more details)

    and one of this

    Rajiv: I know we had an electric car discussion going, but could not find it with the search function, so put this here. GE is more likely to build an electric car with proper wipers and a heater, compared to the cottage industry that's pushing things so far.

    The Associated Press March 5, 2008, 8:08AM ET
    GE plugs into electric car investments

    NEW YORK General Electric Co. said Wednesday it invested over $24 million in an electric-car maker and its battery supplier as part of an effort to push the technology toward the mainstream.
    GE invested $4 million in Think Global, a Norwegian electric-vehicle company that has created a five-seat crossover concept car. It has also invested more than $20 million into A123Systems, a Massachusetts-based lithium-ion battery maker.
    GE said its goal is "to make electric transportation practical and affordable."
    GE's Energy Financial Services division made the investments from its recently expanded seven-member venture capital group. That group has invested nearly $100 million in a dozen companies over the last 18 months.
    GE's research includes a $5.6 million contract with the Energy Department to develop smaller, lower cost, better performing motors for hybrid electric vehicles. GE is also working on a $1.2 million project to develop advanced density capacitors and a $13 million project to build a prototype hybrid fuel-cell bus
    Last edited by GRG55; 03-05-08 at 01:04 PM.



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