General Electric announced Thursday plans to invest $10 billion over the next five years in Ecomagination, the green-focused research and development program it began in 2005.
Since Ecomagination began, GE has invested a total of $5 billion in its research and development as of the end of 2009. The technology and products to come out of that program have generated $70 billion in revenue over the past five years, according to GE statistics released Thursday.
In view of that revenue success, GE has decided to double investment for the program between now and 2015. The announcement is not entirely surprising, … Read more