Inside GE, Ecomagination is deemed a success, so much so that it has spawned a sister initiative (if you can spawn a sister) called Healthymagination, focused on profitably creating better health for more people. GE says that it expects Ecomagination product revenues to grow at twice the rate of GE’s overall revenue between now and 2015.
The logic behind both initiatives is simple, Bob noted. Big global problems demand big solutions from big companies. GE prides itself on “tackling the world’s most complex and pressing problems,” as chief executive Jeff Immelt writes in the report.
The trouble is, the payoff for GE’s shareholders have been disappointing. I didn’t realize just how disappointing until I put together this chart comparing GE’s stock-price performance to the S&P500 and to a couple of its conglomerate competitors, Siemens and United Technologies.
The Transaction Processing Performance Council (TPC) has added a power efficiency metric, TPC-Energy, to its ongoing roundups of speedy transactional processing systems. Hewlett-Packard is the first participant to use the new TPC-Energy specification, submitting benchmark results of four of its systems.
“Energy is an increasing factor in the total cost of ownership” for many organisations, said Karl Huppler, chairman of the TPC. The new benchmark will allow an organisation to judge how energy efficient systems are, as judged by watts per performance.
A new report by the Green Scissors Campaign details some $200 billion worth of yearly US government subsidies that the coalition says are “wasteful to taxpayers, harmful to the environment and bad for consumers.” Green Scissors 2010 [PDF] covers four broad areas in which these subsidies occur– energy, agriculture and biofuels, infrastructure, and public lands.
Raw materials are an essential part of both high tech products and every-day consumer products, such as mobile phones, thin layer photovoltaics, Lithium-ion batteries, fibre optic cable, synthetic fuels, among others. But their availability is increasingly under pressure according to a report published today by an expert group chaired by the European Commission. In this first ever overview on the state of access to raw materials in the EU, the experts label a selection of 14 raw materials as “critical” out of 41 minerals and metals analysed. The growing demand for raw materials is driven by the growth of developing economies and new emerging technologies. The list was established in the framework of the 2008 EU Raw Materials Initiative1 in close cooperation with Member States and stakeholders. The results of the report will be used for the drafting of a forthcoming communication on strategies to ensure access to raw materials which the Commission will publish in autumn 2010.
The Spanish plan centres on giving preferential access to the wholesale electricity market for power plants that run on domestic coal, and was announced by the government in February, after months of behind-the-scenes tussling with Brussels.
At the same time, the Spanish government wants to retroactively cut previously agreed tariffs for its €20bn photovoltaic solar energy sector by 30 per cent. As FTfm reports, such a move could be devastating for investors in highly-leveraged solar photovoltaic projects.
Millions of householders will face a hosepipe ban from Friday, a utility company has confirmed.
United Utilities, which supplies water to north-west England, said the measure will help “safeguard essential supplies”.
Water levels in many reservoirs and lakes have plummeted to less than half their capacity due to the region’s driest start to the year since 1929.
City experts believe the agreement hammered out between BP and President Obama should help it to rebuild its relationships in Washington, and protect the company’s future. But with three quarterly dividend payments axed, investors will bear the pain for many months.
Green activists using helicopters, divers and rotten butter yesterday confronted Libyan and Italian fishermen to release hundreds of threatened bluefin tuna which they strongly suspect were illegally caught off the Libyan coast.