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Article: GE STEPS UP ITS INVESTMENTS IN CLEAN TECH.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NISKAYUNA -- General Electric Co. announced two new investments in clean technology companies Wednesday as it hosted a media forum highlighting venture capital investments in the fast-growing market.
GE Energy Financial Services, which has a $4 billion renewable energy portfolio, has partnered with several other venture capital firms on a $23 million investment in SolarEdge, an Israeli company that makes technology used in solar electric panels.
The same GE unit also revealed an investment in Tendril, a Boulder, Colo., company that makes "smart grid" interface devices for homes and electric utilities. The value wasn't disclosed.
News of the ...