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.
TEHACHAPI, CA, Jan. 10, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), and Bankers Commercial Corporation, a unit of UnionBanCal Corporation, announced today that they have purchased the first wind farm to start operations in one of the largest wind energy projects in the United States.
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* "Thomas the Elf" named Chief Toy Engineer of the new Lab
* Children and adults of all ages invited to become "toy engineers" by visiting www.ge.com/toylab
* Engineers play interactive online game, matching advanced GE technologies with classic Christmas toys to help Santa and the elves meet holiday deadline
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WILMINGTON, N.C.---December 1, 2010---GE Hitachi Global Laser Enrichment (GLE), a business venture of GE, Hitachi and Cameco, has appointed Christopher J. Monetta as its new president & CEO, as the company continues developing its next-generation, laser-based uranium enrichment technology.
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AUSTIN, TX -- Nov. 23, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it has served as lead arranger of a $150 million senior secured credit facility to enable a private oil and gas exploration company to develop oil and gas wells in east Texas.
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Camarillo, Calif. -- November 17, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), has joined an $8 million funding round for CoolPlanetBioFuels, a start-up company developing a technology that converts low-grade biomass into high-grade fuel and carbon that can be sequestered. This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet's financing round last year. Additional financial details were not disclosed. CoolPlanet's research and development facilities are located in Camarillo, CA.
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SHANGHAI, November 3, 2010 -- GE Capital Aviation Services Ltd. (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a new Boeing 737-86N aircraft to Shanghai Airlines Company. The delivery comes from GECAS' existing order book with Boeing.
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STAMFORD, Conn. Oct. 25, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is expanding its oil and gas reserves investing business by offering loans for development drilling. In its first transaction involving this new product, GE Energy Financial Services has made a loan to Knox Energy, Inc. -- an exploration and production company based in Columbus, Ohio -- for drilling natural gas wells in central Ohio.