General Electric is a company that has been known to turn imaginative ideas into leading products and services that will help make the most difficult task simple. It has invested in everything from jet engines to power generation to water processing to medical imagining. Over the next five years, this sprawling conglomerate will invest $10 billion on research and development for products for the ecomagination group.
ge aircraft engine
Not only this, GE also plans to find ways to potentially cut $150 million per year out of its operating costs, meaning reduced environmental footprint. It will concentrate on bringing more ingenuity and networking to existing product categories. GE is developing software to improve organizing flight paths, take-offs and landings for airplanes, reducing the time that planes have to spend circling airports and saving on fuel.
In addition, the software will help trains to slow down or speed up to prevent congestion and optimize delivery. GE also plans to invest in the development of offshore turbines. Works on bringing intelligence to household appliances is also in process. The company spent $5 billion in the inaugural five years of the program and is quite happy with the performance of many product categories.
Via: GreenTechMedia
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