June 21, 2011
GE’s Ecomagination Spent $1.8bn, Launched 22 Products in 2010
GE spent about $1.8 billion on research and development of clean technologies and developed 22 new products as part of its Ecomagination initiative in 2010, the company has announced.
According to its annual Ecomagination report, GE is on course to meet its goal of $10 billion cumulative investment between 2010 and 2015. Last year the company generated $18 billion in revenues from Ecomagination products, and has surpassed $85 billion in sales since the program began in 2005.
This investment helped lead to the development in 2010 of 22 new….
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