Stamford, Connecticut [RenewableEnergyAccess.com] Not only is GE one of the largest players in the U.S. clean energy market, but they also boast a hefty commercial finance arm. The company is now putting their expertise and skills in those two areas together through a new venture. GE Commercial Finance is launching an initiative to provide financial solutions to the growing number of companies focused on clean energy and related technologies. The initiative is a joint effort of GE Commercial Finance’s Technology Lending and Energy Financial Services businesses.“Broad global trends are encouraging development and application of clean energy technologies,” said Bill DeMars, managing director, Technology Lending. “These trends include renewable energy mandates and incentives in the European Union and Japan, as well as in many U.S. states, and stricter standards on release of pollutants, particulates and greenhouse gases.” Technology Lending, which is a unit of Global Media & Communications, provides debt financing to technology-related businesses, including emerging growth companies. Energy Financial Services provides financial products including structured equity, leveraged leasing, partnerships and project finance to companies throughout the energy industry. The joint initiative combines the structuring and underwriting expertise of Technology Lending and the industry expertise of Energy Financial Services to provide a full range of financing products and services to companies that deliver clean or renewable energy directly, or develop new technologies for cleaner and more efficient energy generation and distribution. Among the key market segments are distributed generation, including fuel cells, solar photovoltaics (PV), wind and wave power technology, and biomass gasification; oil and gas, including “clean fuels”; pollution control technologies; transportation components, including motors; energy storage; energy related information technology; and transmission and distribution. “Demand for capital is growing for clean energy and related fields, and our new venture is designed to meet that demand,” said Matthew Siegel, who is the managing director for Energy Financial Services. In addition to the specific expertise of the Technology Lending and Energy Financial Services teams, the joint initiative will draw on GE Global Research, which provides innovative technology for all of GE’s businesses. The new financing partnership is co-sponsoring the Cleantech Venture Forum VI, March 22-24, 2005 in San Francisco. Cleantech Venture Forums are the premier showcases for venture-grade, emerging clean technology investment opportunities.