GE Announces $1 Billion Deal with Invenergy

Everyday I see news about GE's involvment in renewable energy. From helping solar installers offer financing to their clients to producing wind turbines and solar panels. GE is really take a leadership role in this industry it seems like. I suppose since GE is a product manufacturer its in their best interest to push this industry forward so more consumers will buy products to generate their energy versus buying it as a service from a utility.

-Deep Patel
www.gogreensolar.com

<p>GE always provides generators to utilities for grid power.&nbsp; GE could care less what energy supply is used: Nuclear, Hydro, Fossil,&nbsp;Biomass, Solar, Wind, Coal, Gas, Oil</p><p>GE never provides generators for local use or off-grid use no matter the energy source: solar, wind, hydro, biomass</p><p>&nbsp;GE is no hero to the environment.&nbsp; Jack Welch is no hero to the average consumer.&nbsp;GE is profit oriented loosing sales to outsourcing providers.&nbsp; The real profit oriented hero is the purchaser of generation to resell to grid utilities at competitive pricing with fossil and nuclear.</p>

It's true that GE and Jack Welch are not necesarily friends of the environment. But, just like Walmart&nbsp; is going to single-handedly change the lightbulbs (to flourescent) that America uses, GE is doing a good thing. They are doing it because it works on the balance sheet and the cash flow statement. But it is still a good thing. Capitalism and free markets will be a part of the solution, no doubt. Don't shoot the messenger when the messenger brings good news. And keep working to build awareness of the environmental issues. Americans are listening witht heir wallets. GE will profit, and so will the earth.