Tuesday, October 04, 2011

GE's China Ideas Bank Includes Use of Biogas

BEIJING—General Electric Co. Wednesday opened a $100 million contest in China to fund innovative gas-energy projects, similar to the company's previous innovation programs in the U.S.

GE is launching its "Ecomagination Challenge" in China along with seven venture-capital partners, together providing $100 million to back innovations in gas power, including natural gas, biogas, shale gas and coal-bed methane gas.

Speaking at a news briefing, Chairman and Chief Executive Jeffrey Immelt said GE expects revenue from its energy business in China to grow ...

BEIJING—General Electric Co. Wednesday opened a $100 million contest in China to fund innovative gas-energy projects, similar to the company's previous innovation programs in the U.S.

GE is launching its "Ecomagination Challenge" in China along with seven venture-capital partners, together providing $100 million to back innovations in gas power, including natural gas, biogas, shale gas and coal-bed methane gas.

Speaking at a news briefing, Chairman and Chief Executive Jeffrey Immelt said GE expects revenue from its energy business in China to grow ...


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