In 2011, ecomagination generated $21 billion in revenues from products and services and invested more than $2 billion in research and development. But the story of ecomagination is also about our optimistic belief that, through innovation, we can solve the toughest challenges and make the world work better. It’s what motivates our people. It is why GE works.
“In a volatile world where the global population is increasing and governments are under financial pressure, ecomagination is a path forward,” said Mark Vachon, vice president of ecomagination, GE. “The results we have generated through ecomagination prove we are delivering to our customers what they need most. Whether they are countries, municipalities, companies or individuals, ecomagination is about resource efficiency and increased productivity – ecomagination offers great economics.”
Through innovation, we can solve the toughest challenges and make the world work better.
The ecomagination portfolio grew to include 34 new products and services in 2011, including:
- The FlexEfficiency 50 Combined Cycle Power Plant, a first-of-its-kind power plant engineered to deliver a new standard for flexibility and efficiency. The technology enables the integration of power from a variety of sources, including solar and wind.
- The Waukesha 275GL+ natural gas engine, which produces lower greenhouse gas emissions relative to comparable natural gas engines. In one application, a 16V Waukesha 275GL+ engine operating at the same horsepower as a competitive engine can avoid more than 1,900 metric tons of CO2 emissions per year, equivalent to the annual CO2 emissions of more than 380 cars on U.S. roads.
- GE’s RailEdge Movement Planner® software technology that helps railroad customers move freight faster and smarter. In one example, a customer increased average train velocity in a segment of its network by 10 percent. If used throughout the network, it could help avoid the consumption of 37 million gallons of diesel fuel per year, equivalent to the annual CO2 emissions of approximately 73,000 cars on U.S. roads.