Has GE invested in the wave energy, biofuels, and battery markets?
On the venture side, we invested in a company called Ocean Power Delivery. Again, it’s a relatively small investment, but we expect it to have great promise. In the biofuels space, we are pursuing some equity investments that are too preliminary to disclose, but we’re most definitely interested in that space—both the biodiesel and the ethanol space, principally cellulosic ethanol. We’re steering clear of the corn-based ethanol at the moment. We are looking at Brazil—Brazil is interesting. Again, it’s too early to talk about anything specific. Another deal worth mentioning: on the tech side, we invested in a battery company called A123. We think that company has great promise. They have a lithium ion battery technology that holds great promise across multiple industries, but particularly in the auto space. How does GE evaluate renewable opportunities? What screening process do you use to benchmark profitability of renewable companies and projects? We apply the same rigor to the investme
