GE's Immelt: U.S. lagging in clean energy
NATIONAL HARBOR, Md.--The demand for energy products is gravitating toward the developing world and the bulk of new clean-energy business risks going along with it, said General Electric CEO Jeffrey Immelt.
Immelt gave a talk at the ARPA-E Summit here on Tuesday where he focused on the importance of energy in the context of global economic competitiveness. The conference, meant to showcase disruptive energy technologies, has attracted energy technology entrepreneurs, investors, and policymakers.
The U.S. is historically been strong in developing new technologies, but uncertain policies and relatively low levels of spending on research and development make the … Read more