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.