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General Electric Company Today’s Challenge, Tomorrow’s Markets WRI Sustainable Enterprise Summit 2004 March 17, 2004 Mark Stoler Corporate Environmental Programs General Electric Company
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Technology Change Growth Products Research Internal Operations
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“GE believes in addressing our customers’ needs for more energy-efficient products. We’re well equipped to do this.” - Jeff Immelt, 2003 GE Annual Meeting...In The Last 12 Months GE Lighting and Appliances businesses win 2004 DOE/EPA Energy Star Partner of the Award GE Energy introduced the CMS 100 TM, the world’s most efficient simple-cycle gas turbine GE Global Research Center scientist named* as one of the world’s 100 Top Young Innovators for research in clean power generation technologies GE Transportation launched a new fuel-saving technology for non-GE locomotives GE Advanced Materials introduced new products allowing auto manufacturers to substitute resins for heavier glass and metal, improving fuel efficiency GE Wind Energy installed over 900 wind turbines *Technology Review Magazine
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Technology How Does This Happen in a Company with Diversified Businesses? Technology and Innovation Listening to Customers Anticipating Needs Knowing Trends QUENCH WATER SLAG FEED + O 2 STEAM SHIFT CCU ELECTRICITY MAKE-UP WATER SATURATOR SULPHUR CARBON DIOXIDE IGCC - Low CO2 Capability
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Energy Efficiency Integral To Growth Strategy Five Initiative Strategy Technical Leadership Services Customer Focus Globalization Growth Platforms 4 New Products in 2003 H System TM Gas Turbine 3.6MW Wind Turbine GE Evolution TM Series Locomotive Engine GE90-115B Jet Engine 5-15% more energy-efficient than our current market-leading products
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Energy Efficiency Integral To Research Focus Solid Oxide Fuel Cells Photovoltaics Hydrogen Organic Light-Emitting Diodes Sponsor of Stanford University’s Global Climate And Energy Project -- Collaborative Research Project to identify and develop alternative and next generation energy technologies (gcep.stanford.edu/)
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Internal Operations In 2003, completed first GHG Inventory for year 2002 (http://www.ge.com/en/commitment/ehs/climate/immelt.htm)http://www.ge.com/en/commitment/ehs/climate/immelt.htm - Covered more than 600 global locations All manufacturing and assembly plants All business unit HQ offices Research facilities Service locations with more than 50 employees Second inventory underway Developed a GHG reporting module based on existing proprietary GE web-based EHS operating system
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Public Release of GE Greenhouse Gas Inventory
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Considerations In Inventory Planning & Analysis Scope Purpose Protocol Documentation De Minimis Determinations Data Quality Managing Change Year Over Year
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The Future Intensity Reduction Planning Products & Research Getting Ready for Trading “GE stands out as being especially well-placed with respect to providing low-carbon solutions to a number of key greenhouse gas emitting markets.” -- Carbon Disclosure Project 2003
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