As in previous years, this report covers a wide range of topics, from greenhouse gas emissions and water use to revenues and supply chain audits.
The bulk of the report is focused on how GE works to help solve problems for our customers and society through innovation and operational excellence.
Stem has developed a system that leverages real-time data, cloud-based predictive analytics, state-of-the-art energy storage, and value-added services to help businesses optimize their energy use, and for utilities to help stabilize the grid.
Since 2009, Stem has been analyzing how various types of businesses use electricity and how they are charged for it.
In order to accelerate the process of establishing commercial partnerships with portfolio companies, GE also launched the ecomagination Accelerator, committing up to million for scaling and commercializing ideas.
Through this program, we are designing and funding commercial pilots with leading start-up companies with the objective of validating and enhancing their value propositions.
In one year, the site reduced greenhouse gas emissions by 488.5 metric tons, water consumption by 984,000 gallons, and gas and electric usage by 530,900 k Wh, and recycled 15 tons of office waste.
Through these reductions, the Atlanta campus has an annual projected cost savings of ,000. The site worked with its engineers and third-party building and property management as well as its waste and recycling company to find ways to reduce energy and water consumption.
Three-quarters of those individuals will live in cities.
The technologies we’re developing, particularly through our ecomagination and healthymagination commitments, are solving development challenges in ways that are practical, responsible and tailored to local needs.
And finally, GE’s philanthropy, advocacy and employee volunteers are helping to make progress in communities around the world.
Today, the ecomagination Accelerator is funding five partnerships between innovative start-ups and GE business units.
Two of the companies we invested in in 2013 were Stem and Ferus Natural Gas Fuels Stem is a developer of a cloud-based energy solution.