GE (GE -0.35%) predicts that its Energy Storage "startup" will generate more than $1B in annual...


GE (GE -0.35%) predicts that its Energy Storage "startup" will generate more than $1B in annual revenue in the next few years. The company plans to invest $70M to double the capacity at its new battery plant in New York and add 100 jobs to the 350 it had already planned for. (PR)

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Comments (6)
  • Forecaster 2014
    , contributor
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    Great story! More US jobs. Energy efficiency. Go GE!
    10 Jul 2012, 10:03 AM Reply Like
  • nesti
    , contributor
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    GE shares go down, people lose money, while the company will reserve the Energy investments in solar and profits will be taken after several years. OK very good. Why not attach us at the beginning GE that you enter here will be investing money for later. Every day similar problems arise as Barcly yesterday, as previously Enron etc. Not so should not move the world. Apparently, some people more knowledgeable they steal the poor. This will help the movement of Wall Street.
    10 Jul 2012, 11:54 AM Reply Like
  • Forecaster 2014
    , contributor
    Comments (161) | Send Message
     
    Neither the Barclays LIBOR scandal nor the gross corruption and fraud at Enron are comparable to what's happening with PV manufacturers or comparable to this new plant being built by GE.

     

    It's good to see workers with good jobs using US technology to produce a product that's useful to society. Profits will follow.
    11 Jul 2012, 09:09 AM Reply Like
  • Goeleven
    , contributor
    Comments (617) | Send Message
     
    I hope to live long enough to profite good fm GE's earnings
    10 Jul 2012, 04:00 PM Reply Like
  • chris293
    , contributor
    Comments (267) | Send Message
     
    Sounds like some great thinking is producing positive results just so we can remember that life and happiness comes from being a profitable company that benefits everyone.
    11 Jul 2012, 06:19 PM Reply Like
  • Goeleven
    , contributor
    Comments (617) | Send Message
     
    I don't know. I begin to get scare for a great crises who may begin with all the trillions debts
    11 Jul 2012, 06:29 PM Reply Like
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