New Venture to Advance Development and Deployment of Coal Gasification Technologies in China
SHANGHAI---May 10, 2012---GE (NYSE: GE) announced today the opening of GE Shenhua Gasification Technology Company Ltd., a 50-50 joint venture (JV) with Shenhua Group to advance the development and deployment of "cleaner coal" technology solutions in China.
EDEN PRAIRIE, Minn.--10 May 2012-- GE Capital Fleet Services today announced the launch of IntelliGauge, a mobile fuel and CO2 calculator application that allows users to compare components of their current vehicles against future vehicles. IntelliGauge is designed to help companies and consumers alike make smart decisions on their vehicle purchases. IntelliGauge is free to use and is optimized for use on iPads, smartphones and desktops.
Funds recapitalization for Wichita, KS-based operator
SCOTTSDALE, Ariz.--10 May 2012-- GE Capital, Franchise Finance provided an $80 million senior credit facility to F&H Acquisition Corp., a restaurant company majority-owned by affiliates of Newcastle Capital Management, L.P. and Steel Partners Holdings L.P. The financing includes a $72.5 million term loan and a $7.5 million revolving line of credit to assist in recapitalizing the company's balance sheet.
EAST CLEVELAND, Ohio --- May 9, 2012 --- (NYSE:GE) --- From Las Vegas to Superior, Neb., GE's Evolve™ LED Roadway fixtures are saving cities big and small a bundle on energy costs. With the installation of more than 41,000 GE Evolve LED streetlights, Las Vegas will reduce combined electricity and maintenance expense to nearly $2.7 million a year, while in Superior, 600 LED fixtures have shaved $20,000 off annual spending for the town of 2,000.
EAST CLEVELAND, Ohio --- May 9, 2012 --- (NYSE:GE) --- Las Vegas is best known for the bright lights of 'The Strip'; but thanks to new LED fixtures from GE Lighting, the city's surrounding streets are starting to take on a shine of their own.
SUPERIOR, Neb. --- May 9, 2012 --- (NYSE:GE) --- Like most municipalities, the City of Superior was looking for ways to save scarce tax dollars and keep utility rates down. The solution---a citywide streetlight replacement project, moving from high-pressure sodium lights to GE's energy-efficient LED streetlights, ultimately reducing the city's electricity costs by more than $20,000 annually.
Aberdeen, Scotland, May 9, 2012 -- ZiLift, an Aberdeen, Scotland-based provider of artificial lift solutions for the oil and gas industry, announced today that it has received a growth capital investment of £4 million (US$7 milion) from new and lead investor Energy Technology Ventures -- a GE-NRG Energy-ConocoPhillips venture -- and existing investors Energy Ventures, Chevron Technology Ventures, Viking Venture, Jebsen Asset Management and Investinor.
Lake Nona and GE to develop innovative health and sustainability community
Orlando, Fla. -- May 9, 2012 -- (NYSE: GE) -- Just east of Orlando's international airport, the state-of-the-art community of Lake Nona is quickly developing with billions of dollars in new facilities, thousands of high-value jobs and modern neighborhoods.
The 7,000-acre master-planned Lake Nona community will provide healthy living and sustainability products for residents and businesses working with GE solutions.
