General Electric (GE) Powering England With Wind Farms: How GE Is Helping England Reduce Greenhouse Gasses

England is one step closer to its European Union-mandated goal of 30 percent renewable electricity generation by 2020, as the General Electric Company (NYSE:GE) has added two wind farms in central England, the company said Tuesday.

“Onshore wind is the cheapest form of renewable energy deployable at mass scale in this country, so projects like GE’s are the most cost-effective way of helping the UK to move from dirty fossil fuels to clean low carbon energy,” Robert Norris, head of communications at RenewableUK, the trade association representing the wind industry in Britain, said.

The two wind farms, the Chelveston Renewable Energy Park and Burton Wold, are 15 miles apart and are expected to produce 40-megawatts of capacity, which is enough to meet the required energy needs of approximately 30,000 homes. Read more.

General Electric (GE) Higher

The Dow Jones Industrial Average (^DJI) is trading up 108 points (+0.7%) at 15,726 as of Wednesday, Nov 6, 2013, 1:30 p.m. ET. During this time, 231.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.7 million. The NYSE advances/declines ratio sits at 1,615 issues advancing vs. 1,317 declining with 122 unchanged.

The Dow component leading the way higher looks to be General Electric (NYSE:GE), which is sporting a 46-cent gain (+1.7%) bringing the stock to $26.88. This single gain is lifting the Dow Jones Industrial Average by 3.48 points or roughly accounting for 3.2% of the Dow's overall gain. Volume for General Electric currently sits at 27.2 million shares traded vs. an average daily trading volume of 36.7 million shares. Read more.

GE's Critical Power Business Introduces High-Efficiency, 600-Watt Bus Converters

GE's Critical Power business (NYSE: GE) today introduced its new QBVE060A0S10R4 625-watt (W) and the QBVS050A0B 600-W, quarter-brick bus converters. These new modules are part of the company's Barracuda product series of fully regulated DC/DC power devices. Each of GE's new bus converters improve power density by more than 50 percent compared to industry-standard 400-W bus converters. 

In addition, the new bus converters deliver highly efficient power to the load -- with efficiencies exceeding 96 percent. This industry leading power density and efficiency enables information technology infrastructure, such as servers and routers, to perform at exceptionally high levels. Read more.

Siemens sees cost cuts paying off in higher 2014 profit

Germany's Siemens (SIE.DE) expects to make some headway in its struggle to catch up with more profitable rivals this year, as new Chief Executive Joe Kaeser makes his mark at the engineering group and cost cuts start to bear fruit.

Siemens, Germany's second-biggest company by market value, said on Thursday it expected fiscal 2014 earnings per share to rise by at least 15 percent from last year's 5.08 euros, more than double the 7.2 percent growth rate of fiscal 2013, while organic sales remain flat in challenging markets.

The company has fallen behind rivals such as Switzerland's ABB (ABBN.VX) and U.S.-based General Electric (GE) in terms of profitability in recent years, due to a focus on sales growth as well as poor project management that resulted in a series of one-off charges. Read more.

 

General Electric, Cisco Slated To Benefit From This Multi-Billion Dollar Opportunity

General Electric (GE) plans to boost global GDP by $10-$15 trillion by the year 2020. One of the drivers behind this growth would be what it calls the "Industrial Internet." The term refers to the integration of complex physical machinery with networked sensors and software. In order to accelerate this, General Electric has also teamed up with Cisco's (CSCO) "Internet Of Everything" and it launched 14 new products to bolster its Industrial Internet segment. In addition, GE has existing partnerships with Amazon's Amazon Web Services, Accenture, and Pivotal, supported by IBM.

If we look at the healthcare industry in the U.S. as an example, it was worth 17.5% of GDP in 2010. Healthcare analysts estimate that as much as 43% expenditure went towards unnecessary procedures and administrative wastes. Read more.