STAMFORD, CONN., PRINCETON, NJ, and HOUSTON, Jan. 27, 2011 -- Three major American energy corporations -- GE (NYSE: GE), NRG Energy, Inc. (NYSE: NRG) and ConocoPhillips (NYSE: COP) -- are joining forces to become the premier investor and commercial collaboration partner for emerging and innovative energy technology companies. The companies have committed $300 million in capital to the new joint venture, Energy Technology Ventures, to fund approximately 30 venture- and growth-stage companies over the next four years.
Eden Prairie, Minn. -- January 25, 2011 -- GE Capital Fleet Services today announced full-year results of identified customer cost savings in 2010. The total amount of identified savings for 2010 was $326 million, with the company-leased versus company-owned vehicles yielding the highest cost savings of more than $68 million.
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Funds Allow for Refinancing and Growth Development
SCOTTSDALE, Ariz.--19 January 2011-- GE Capital, Franchise Finance announced today that it is providing $15.3 million in financing to a large Hardee's® franchisee, Paradigm Investment Group, LLC. The credit facility includes a $10.3 million term loan and a $5 million development line of credit.
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Joint Collaboration with China Huadian Corporation will Spur Deployment of Combined Heat and Power Energy Solutions
WASHINGTON--18 January 2011-- GE (NYSE: GE) and China Huadian Corporation today signed a five-year, joint collaboration agreement for distributed energy combined heat and power (DECHP) projects in China that is expected to boost U.S. exports and support thousands of U.S. jobs. The agreement was announced on the eve of Chinese President Hu Jintao's state visit to the United States.