- General Electric Co said on Monday it plans to stop making coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation.
GE has said in the past it would focus less on fossil fuels and more on renewable energy, reflecting a growing acceptance of clean power sources by utilities. The move also makes GE's portfolio more ESG centric, according to Wolfe Research analyst Nigel Coe, with the coal and steam equipment business being relatively small at about $1 billion of its annual revenues.
I FIGURED THEY DID THAT,40YEARS AGO.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GE plans to stop making new coal-fired power plantsGeneral Electric Co said on Monday it plans to stop making new coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation. GND is the future! But I just finished my degree in coal mining. back to good old wood?
Source: Reuters - 🏆 2. / 97 Read more »
GE is getting out of the coal power businessGeneral Electric, one of the world's largest makers of coal-fired power plants, says it is shifting its power business to focus on cleaner alternatives instead. 'plunging solar and wind costs have renewed pressure on utilities to turn to renewables instead' Though fear of change is a driving force in the American psyche, capitalism remains an even stronger one... In this case it's a good thing. GE has gone down hill for years. Instead of growing, they are always selling off business. RE Israel: Coverage remains biased and stuck in past. Where's the counterpoint? e.g. 'Middle East agreements brokered by Trump present opportunity for Biden if he wins election.'
Source: CNN - 🏆 4. / 95 Read more »
GE plans to stop making new coal-fired power plantsGeneral Electric Co said on Monday it plans to stop making new coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation. GND is the future! But I just finished my degree in coal mining. back to good old wood?
Source: Reuters - 🏆 2. / 97 Read more »
GE is getting out of the coal power businessGeneral Electric, one of the world's largest makers of coal-fired power plants, says it is shifting its power business to focus on cleaner alternatives instead. 'plunging solar and wind costs have renewed pressure on utilities to turn to renewables instead' Though fear of change is a driving force in the American psyche, capitalism remains an even stronger one... In this case it's a good thing. GE has gone down hill for years. Instead of growing, they are always selling off business. RE Israel: Coverage remains biased and stuck in past. Where's the counterpoint? e.g. 'Middle East agreements brokered by Trump present opportunity for Biden if he wins election.'
Source: CNN - 🏆 4. / 95 Read more »
Trump’s bluster and millions haven’t stopped universal mail-in voting plansSix months into his crusade to stop universal mail-in voting, President Trump has yet to prevent a single state from sending voters ballots Good. Trump wants to take away our right to vote. Never let him. The ignorance of Trump is staggering, even after four years of watching his stupidity. That's because he is a big dope and no one listens to him.
Source: politico - 🏆 381. / 59 Read more »
Reports claim Bahrain stopped militants planning attacksSaudi state TV is reporting that Bahrain broke up a plot by militants backed by Iran to launch attacks on diplomats and foreigners in the island nation that is home to the U.S. Navy’s 5th Fleet. Bahrain itself has not acknowledged the raid. Iran is the Florida Man of the earth. Coincidence Hmmmm Oh how convenient.
Source: AP - 🏆 728. / 51 Read more »