By its acquisition of ScanWind, GE is incorporating combined European and American wind energy technology. In 2004 Finnish Arctic Wind Power contracted Norwegian ScanWind to supply gearless permanent magnet wind generators originally developed by German Siemens. It was imperative that these generators be highly reliable and require little maintenance in harsh environments.

Gearless generators were chosen since they offer high reliability especially in harsh environments. They also provide a higher efficiency converting rotational energy into electrical since the friction of a gear train is eliminated.

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This column highlights the top economic stories of the week.

General Electric CEO Jeff Immelt is on a mission to improve U.S. exports. That’s because General Electric doesn’t just sell light bulbs and refrigerators to the American public. The company is a global giant in energy, transportation and financial services. More on this story here.

With a full House vote expected this week on the American Clean Energy and Security Act (or Waxman-Markey), all eyes turn to the nation’s energy policy. President Obama is committed to an energy plan that will generate millions of new jobs, break our dependence on foreign oil, reduce the threat of dangerous carbon pollution and restore America’s role as a global leader in the clean energy industry. More on this story here.

Online business and social networks, in contrast to the old kind, are open to all and easy to join. A year ago it took LinkedIn over a month to win 1m new members; it now takes about 15 days and the site has 42m members around the world. More on this story here.

It appears that companies are realizing that zero emission electric vehicles should not just be for the “rich”. In May, Nissan announced that it would begin electric cars in the U.S. to be available in 2010. This week, they announced they would mass produce a zero-emissions electric car by 2012 that would be affordable. However, during a Nissan shareholder’s call Chief Executive Carlos Ghosn refused to speculate on the sticker price. More on this story here.

At one point, it seems as though virtually everyone has sat in front of washing machine and watched the soaked clothes tumble through the suds. That tradition may be a thing of the past if a new “virtually waterless” laundry machine finds its way to the mainstream. More on this story here.

The Economist tells us that the number of people with net assets of at least $1m (excluding their homes) fell by 14.9% in 2008, according to an annual report from Capgemini and Merrill Lynch. The total wealth of these 8.6m “high net-worth individuals” stood at $32.8 trillion. Over half of the super-rich live in America, Japan and Germany, but China passed Britain to take fourth place for the first time.

Cleantech startups have stopped seeing GE as an adversary and have started realizing the company can help them make a difference, Kevin Skillern, a managing director at GE Energy Financial Services, said in a keynote speech at a Thomson Reuters conference called “Financing the Cleantech Vision” in Palo Alto on Wednesday.

In spite of the recession, Skillern assured the audience that the long-term business opportunity for cleantech is still there, though it will require “a strong stomach and a lot of patience” to cash in on it. He also called climate change “one of, if not the biggest, societal challenges of our time” and said technology was an essential part of the solution.

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GE’s hybrid locomotive battery

GE partners with New York state to create a $ 100 million manufacturing facility for a new sodium based battery technology in the Capital region.

Who imagined that ordinary table salt could be the secret to storing energy?

GE is once again bringing the notion of a technology based economy home, this time with ordinary kitchen ingredients like table salt. Today, the company announced a plan to locate a new, sodium battery manufacturing facility in Upstate New York’s Capital Region.

The sodium battery was developed in GE’s Global Research Center. Made of ordinary table salt and nickel, the sophisticated technology already has about 30 patents blocking the intellectual property in its space.

GE has already invested more than $150 million to develop advanced battery technologies, including this high energy density, sodium-based chemistry battery that is designed to store huge densities of energy in a relatively small space. The first application will be GE’s hybrid locomotive, which will be commercialized in 2010.  The investment in sodium battery technology complements GE’s investment in A123, a leading supplier of lithium batteries for plug-in electric passenger cars.

A public-private partnership in New York State

New York Governor David Paterson, is intent on making his state, the capital of the global clean energy economy. He and Dennis Mullen, President of the Upstate Empire State Development Corporation, have shown strong support for GE’s sodium battery project from the outset.

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This new column highlights the top economic stories of the week.

At the outset of this week, it looked like the Swine flu might be the largest influenza epidemic since the virus that wiped out a significant portion of the world’s population at the end of the first World War. Local economies everywhere have been affected given that people have stopped going out for fear of “The SuperFlu.”

Not to mention the fact that pork sales are down even though it’s common knowledge that the virus cannot be attained through food. Although, new cases of the flu have been spotted in Europe and Latin America, it looks as though things are easing up, and that the worst is over.

Jazzfest kicked off its 40th year anniversary last weekend under beautiful breezy blue skies.   Despite the global economic mood, the festival goers seemed more  upbeat this year as programs to rebuild the New Orleans economy are slowly taking root and beginning to yield visible results.

And there has been much talk about clean coal. West Virginia Mountain Top Removal coal protests heated up this week. Also, CNN Money interviewed George Soros this week. The billionaire says sometimes his firm’s investments conflict with his personal views. But that coal is a viable source of energy once you take the carbon out.

But the automobile industry definitely seemed to top the economic news this week. GE showed the way forward with advanced hybrids and EVs just as Chrysler’s woes have left the world wondering as to the future of GM. While Fiat’s proposed acquisition of GM’s European group signified hope for Chrysler, NPR is of the view that convincing consumers to buy cars from a bankrupt company would seem to be a Sisyphean task. Can Chrysler do it — or to be more precise, can Fiat, which never had much success in the American market, do it?

And what can we expect next week?

Well, for starters, President Barack Obama plans to roll out a set of proposals on international tax policies on Monday, in an announcement with potential implications for U.S. multinational firms. Let’s see what happens.

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GE’s Electric Bus (Source: GE)

The Inspired Economist (IE) recently interviewed GE’s Bob King, a 30-year veteran of the company who has driven the company’s research in the advanced electric and hybrid vehicle space.

With the energy crisis of the late ’70s, GE began to aggressively pursue the development of an electric test vehicle, creating a prototype that included nearly all the components that can be found in today’s hybrid vehicles. Bob worked on this, and also on the development of GE’s hybrid bus in 1996. The bus established the emissions requirements for NYC’s hybrid transit buses and paved the way for those that you see on the roads today.

Bob has witnessed the cyclical nature of the country’s demand for energy-efficient cars and the changes in technology that have resulted in advancing the industry. Here’s what he had to say to IE.

IE: What is GE’s hybrid vehicle?  Can you describe it?  It’s USP?

BK: GE researchers are working on hybrid systems and battery technologies for a hybrid locomotive and for heavy-duty vehicle applications, which we believe could cascade down and help accelerate key advancements for Plug-in Hybrid Electric Vehicles (PHEVs) in the automotive sector. In fact, we also have been performing some research in conjunction with the lithium-ion battery maker A123Systems to support their battery development for automobile applications.

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The old electromechanical electric utility meter changed little in principle over the last hundred years. In the next coming decades the smart meter will progress as much over this meter as the PC has over the typewriter. It will utilize a microcontroller as sophisticated as any PC. It will have its own web page that can be part of your home page and your social network. It can evolve to best serve the most efficient use of renewable energy.

The present meters are also called “Thomson” meters after the supposed inventor Elihu Thomson the first CEO of General Electric (after restructuring of Edison General Electric). Thomson’s meter was like a clock with a torsion pendulum. Instead of a spring, the force between two magnets governed the speed of the pendulum.

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GE’s MDS Mercury 3650 installation on a utility pole

Earlier this week, General Electric (GE), announced a huge step in towards transforming the electric grid in Houston, Texas — one of the largest grids in the United States.

GE will work with CenterPoint Energy to implement a smart grid system called Advanced Metering System (AMS) that is designed to provide Houston-based consumers with the ability to better monitor and manage electric use and cost in near real-time.

GE is no newcomer to the energy space. Along with Westinghouse, it is one of the oldest ‘movers and shakers’ when it comes to the development and distribution of energy to the consumer, working with development and distribution companies all around the world.

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When Does an Interest Start Being “Special”?

After years of railing against special interests, I find myself presented with a quandary.  Special interests are lining up behind the Smart Grid technology I love and, in doing so, risk saddling this cool program with the baggage intrinsic to special interests.

Even as lawmakers spent yesterday grilling everyone from members of the DOE to representatives from Google about Smart Grids, the groundwork for a Smart Grid might already have been assumed.  And, no, I’m not talking power lines and sub stations, I’m talking political donations.

The Current System is… Old.  Very Old

It’s a fact: our current system for transporting, producing and storing energy is ancient and inefficient.  Plus, as has been well recorded here on Red Green and Blue, Smart Grid technology theoretically does amazing things for how we use power as a nation and maybe even how we think about consumption.  By using less energy during peak hours, and even allowing personal rigs to feed back into the electricity grid with ease, the technology refocuses the country on conservation.

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We spoke about some exciting new developments in the fight against genetically modified beet sugar.

On February 12, 2009 several food safety, environmental, and corporate watchdog groups launched the Non-Genetically Modified (GM) Beet Sugar Registry.

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This national leading Catholic hospital system is now leading the nation in more ways than one.

CHW has made the decision to use food suppliers who have agreed to seek out alternatives to foods made with genetically engineered (GE) ingredients or cloned animals.

Included in CHW’s new food policy is GE sugar beets, which just recently have been introduced into the nation’s food supply, as well as meat and dairy products from cloned animals, which the FDA has decided to allow.

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GE’s new website, What’s Your Lighting Style?, will help you to figure that out. After a fun (if a bit cheesy) eight-question “getting to know you” quiz, you’re given a lighting style for each room in your house. Based on each style, a “tip sheet” tells you how to create just the right atmosphere you want for the room, including furniture, colors, and – of course – lighting. Recommendations include each GE Energy Smart bulb that might be useful in your room, including dimmable bulbs and spotlights.

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Part of President Obama’s proposed economic stimulus plan includes investing in smart grid infrastructure. So, what better horse to hitch your trailer to right now if you’re a big American company looking to launch your new smart grid advertising campaign?

Oh, and it also helps if you own the network.

General Electric saw this golden opportunity and for the first time advertised during the Super Bowl with a 30-second ad called “Scarecrow.” GE describes the ad as a modern take on the classic song, “If I Only Had A Brain,” from The Wizard of Oz, imagining what can happen when the old technologies that manage our energy use have a brain and become smarter.

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Russ Meyer, the Chief Strategy Associate for Landor Associates tells us that brands will need to integrate their commitment to sustainability into a larger message of efficiency, effectiveness, and value.

What can we expect to see in 2009?

As consumers look to cut spending, buying “green” may be a low priority in 2009; however, achieving sustainability is a long-term trend that will continue through the next decade. According to Russ Meyer, this trend will continue and even gain momentum globally as a consequence of the economic downturn.

Concurrently, President-elect Barack Obama’s commitment to sustainable energy may finally ensure the support of the world’s largest economy—and biggest consumer of energy—in the global shift toward green.

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Do you like the environmental friendliness of CFL bulbs but also enjoy the shape of incandescent bulbs? GE has a solution — the world’s first incandescent-shaped CFL bulb. The 8,000-hour CFL is guaranteed for 5 years based on 4 hours of daily use.

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Green Power Conferences’ green policy includes a commitment to contribute 5% of its annual income to charitable causes, a vow to only work with eco-friendly industries, and a pledge to use environmentally sustainable strategies to operate its offices and conferences.

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And now, announced on Wednesday, Google and technology giant General Electric will be teaming up to promote the need for a change to the US power grid and cleaner energy. They will also be working together on green energy technologies, as well as lobbying US political leaders to support what they call “visionary policies” focusing on renewable energies.

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