From c. EPA designated the Pittsfield plant and several miles of the Housatonic to be a Superfund site in , and ordered GE to remediate the site. On June 6, , GE announced that it has licensed solar thermal technology from California-based eSolar for use in power plants that use both solar and natural gas. On May 26, , GE unveiled its EV Solar Carport, a carport that incorporates solar panels on its roof, with electric vehicle charging stations under its cover.
In May , GE announced the launch of a program called "Ecomagination", intended, in the words of CEO Jeff Immelt, "to develop tomorrow's solutions such as solar energy, hybrid locomotives, fuel cells, lower-emission aircraft engines, lighter and stronger durable materials, efficient lighting, and water purification technology". Immelt's credibility as a spokesman on national environmental policy is fatally flawed because of his company's intransigence in cleaning up its own toxic legacy.
As of October , the scheme had resulted in 70 green products being brought to market, ranging from halogen lamps to biogas engines. GE Energy's renewable energy business has expanded greatly, to keep up with growing U. In August , it acquired Kelman Ltd, [] a Northern Ireland-based company specializing in advanced monitoring and diagnostics technologies for transformers used in renewable energy generation and announced an expansion of its business in Northern Ireland in May GE Energy and Orion New Zealand Orion have announced the implementation of the first phase of a GE network management system to help improve power reliability for customers.
The system of smart grid technologies will significantly improve the network company's ability to manage big network emergencies and help it to restore power faster when outages occur. In June , GE Volunteers, an internal group of GE Employees, along with Malaysian Nature Society, transplanted more than plants from the Taman Tugu forest reserve so that they may be replanted in the forest trail which is under construction.
Between September and April , GE ran a content marketing campaign dedicated to telling the stories of "innovators—people who are reshaping the world through act or invention". The initiative included 30 3-minute films from leading documentary film directors Albert Maysles , Jessica Yu , Leslie Iwerks , Steve James , Alex Gibney , Lixin Fan , Gary Hustwit and others , and a user-generated competition that received over submissions, out of which 20 finalists were chosen.
Stories included breakthroughs in Slingshot water vapor distillation system , cancer research, energy production, pain management and food access. Each of the 30 films received world premiere screenings at a major international film festival, including the Sundance Film Festival and the Tribeca Film Festival. GE has also designed social programs, supported civil rights organizations, and funds minority education programs. In the early s, Kurt Vonnegut was a writer for GE.
A number of his novels and stories notably Cat's Cradle and Player Piano refer to the fictional city of Ilium , which appears to be loosely based on Schenectady, New York.
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GE was the primary focus of a short subject Academy Award -winning documentary, Deadly Deception: General Electric, Nuclear Weapons, and Our Environment , [] that juxtaposed GE's "We Bring Good Things To Life" commercials with the true stories of workers and neighbors whose lives have been affected by the company's activities involving nuclear weapons. From Wikipedia, the free encyclopedia.
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For other uses, see GE disambiguation. American industrial company. Charles A. Coffin Elihu Thomson Edwin J. Houston J. Morgan Thomas Edison. Operating income. Net income. Further information: General Electric timeline. Main article: GE Energy.
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See also: GE Wind Energy. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. January Learn how and when to remove this template message. See also: General Electric timeline. Main article: List of assets owned by General Electric. Main article: Pollution of the Hudson River.
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We are evaluating the effect of the standard on our consolidated financial statements and anticipate that its adoption will significantly change the accounting for measurements of our long-duration insurance liabilities. The ASU requires cash flow assumptions used in the measurement of various insurance liabilities to be reviewed at least annually and updated if actual experience or other evidence indicates previous assumptions need to be revised with any required changes recorded in earnings.
The discount rate, equivalent to the upper-medium grade i.
In measuring the insurance liabilities, contracts shall not be grouped together from different issue years. While we continue to evaluate the effect of the standard on our ongoing financial reporting, we anticipate that the adoption of the ASU may materially affect our financial statements. As previously announced, we plan an orderly separation of our ownership interest in BHGE over time.
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