STAMFORD, CONN. -- April 24, 2014 -- GE Energy Financial Services announced today it has exceeded $10 billion in renewable energy investment commitments worldwide to become one of the industry's leading investors. The projects generate twice the electricity consumed in Los Angeles annually, avoid greenhouse gases equivalent to the annual car emissions in Massachusetts, and create an estimated 10,000 US jobs.
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Wave power turns the tide on electricity generation
“Australia has fantastic opportunities to capture wave energy, because of the wind and the weather formations, and a huge coastline where most of the population lives.”
Powering the Great Southern Land
As a result, industries which would previously have drawn on electricity from the grid are increasingly opting to produce their own energy from a variety of fuels via reciprocating engines, gas turbines, fuel cells and wind turbines.
This approach is called Distributed Power.