Word: immelt
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...best known for its leader, former Federal Reserve Chairman Paul Volcker, who has persuaded Obama to take a more aggressive approach to banking regulation. But it also includes several executives whose firms stand to benefit from more federal funding of green technology - people like General Electric's Jeffrey Immelt and Caterpillar's James Owens, both of whom supported John McCain. Doerr took the lead on the group's energy subcommittee, drafting a 2009 memo that called for increasing fees on carbon pollution and changing rules to encourage electric utilities to move to a unified smart grid, which would benefit...
...recent interview, Obama mentioned Doerr as one of the corporate leaders he most admires. Doerr was also one of a handful of American executives invited to Obama's first state dinner, with India's Prime Minister in November, along with two other green-energy boosters, GE's Immelt and Honeywell's David Cote...
...startup Silver Spring Networks - the Miami smart-grid program will be by far the largest in the U.S. If it succeeds, FPL plans to invest another $500 million to roll out the service to all of its 4.5 million customers. "This is not a science-fair project," says Jeffrey Immelt, CEO of GE, which will be providing smart meters for the initiative. "This is commercial technology that shows the smart grid is real." (Read "How Vulnerable Is the Power Grid...
...energy storage and monitoring. To Washington, building the smart grid is about more than energy - it's about creating jobs, an investment that will stimulate the economy today and pay off later. "This [industry] is going to be the biggest investment for the first half of this century," says Immelt. "We have to create jobs, and this is going to do it. We can't afford...
...climate change is a problem whose consequences are serious, but always far off. Do you worry that we'll lose focus on global warming? Yes, but I do think there is focus on this. Rahm Emanuel has a great line: "A crisis is a terrible thing to waste." Jeff Immelt at General Electric has another great line, that this isn't a recession, but a reset. It's a reexamination of how we've been living. Maybe the McMansion era is crashing to an end. It doesn't mean that you can't have a big house, but the ethos...