March 2nd, 2007
GE Cleans Up
Abstract:
The deal pales in comparison to the size that companies such as Suntech Power (NYSE: STP) have announced recently, but it's a start. And as GE applies its technological prowess in nanotechnology to solar cells, look for the company to land more and larger deals in the near future.
Another promising area to keep an eye is the company's research into fuel cell technology. This past fall, I wrote about the GE's partnership with Ballard Power Systems (Nasdaq: BLDP) and A123 Systems to develop a light battery for a hybrid fuel yielding zero emissions. In another related development, researchers at its Global Research Lab last year announced that they had developed a prototype fuel cell system that reportedly produces hydrogen at a fraction of the cost of today's existing technology. If the company can bring the cost of hydrogen down to the price of gasoline, it could be the start of something big.
Source:
fool.com
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