GE launches clean energy finance enterprise

1 February 2005 - Companies that struggle to finance clean energy projects could now have a solution after GE Commercial Finance launched a new enterprise to provide financial solutions for the green sector. It is a joint initiative between GE Commercial Finance's Technology Lending and Energy Financial Services businesses.

Bill DeMars, managing director, Technology Lending, said: "This market is poised for long term growth and offers significant opportunity to companies that lead in technological innovation and responsiveness to business and consumer interest in clean energy."

The joint initiative will provide financing products and services to companies that either deliver the green energy directly or develop new technologies for cleaner and more efficient energy generation and distribution. Among GE's target markets are fuel cells, photovoltaic/solar, wind and wave power, biomass gasification and pollution control technologies.

Technology Lending, a unit of Global Media and Communications, provides debt financing to technology-related businesses, including emerging growth companies. Energy Financial Services provides financial products including structured equity, leveraged leasing, partnerships and project finance to companies throughout the energy industry.

Sponsored by FLSmidth

Related Articles

GE Hitachi, Vietnam Agency for Radiation and Nuclear Safety sign MOU

GE Hitachi Nuclear Energy (GEH, NYSE: GE) has signed a Memorandum of Understanding (MOU) with the Vietnam Agency for Radiation and Nuclear Safety (VARANS), in which GEH will promote the training and development of nuclear safety, and enhance the understanding of boiling water reactor technology.

Associated Press AP Japan robot Fukushima Daiichi nuclear power plant Hitachi-GE Nuclear Energy

Japan readies first robot to probe melted Fukushima reactor

A snake-like robot designed to examine the inside of one of three melted reactors at the Fukushima Dai-ichi nuclear plant is ready to begin its expedition.

Follow Power Engineering on Twitter
Latest News

MHPS to supply M501J gas, steam turbines to new combined-cycle power plant in Korea

Mitsubishi Hitachi Power Systems (MHPS), jointly with Marubeni Corp., has received an order f...

Business leaders throw support behind coal plant proposal

Business leaders on Thursday outlined the economic devastation they say could come if New Mex...

TVA seeks public comment for future coal ash storage at Bull Run

The Tennessee Valley Authority (TVA) is asking for public input on plans to expand dry onsite...

California Public Utilities Commission Approves NRG Energy’s Carlsbad Energy Center

California Public Utilities Commission (CPUC) has approved the SDG&E Power Purchase and T...

Vermont joins international effort to fight climate change

Gov. Peter Shumlin says Vermont has signed on to what he called a first-of-its-kind agreement...

Products May 2015

Callaway Energy Center's Replacement Reactor Vessel Closure Head Project

Replacing heavy equipment is one way utilities can extend the life and increase the reliabili...

Managing CCRs and Process Water: Why Handling Bottom Ash Wet May Remain The Best Option

The U.S. coal-fired electric generation industry once again finds itself in the crosshairs of...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Power Industry Wire News

MIC President Marybeth Miceli Named to AATA Board of Directors; AATA to Provide Free NDT Job Training to Vets, Disadvantaged Young Adults

MIC President Marybeth Miceli Named to AATA Board of Directors; AATA to Provide Free ND...

Alexium Anticipates Potential Addressable Revenue of More Than US$10M for 2015

Alexium Anticipates Potential Addressable Revenue of More Than US$10M for 2015

Upcoming Greenhouse Webinar Teaches Companies How to Engage Engineers in Hiring Top Tech Talent

Upcoming Greenhouse Webinar Teaches Companies How to Engage Engineers in Hiring Top Tec...

Perma-Fix Environmental Services to Present at the Marcum MicroCap Conference

Perma-Fix Environmental Services to Present at the Marcum MicroCap Conference

Blue Earth Receives Notice From NASDAQ That the Company Is No Longer Subject to a Possible Delisting

Blue Earth Receives Notice From NASDAQ That the Company Is No Longer Subject to a Possi...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>