Tag Archives: GE

The shift has come: GE, Siemens massive job losses as fossil fuels crash and the sun rises

The carbon bubble is bursting, as jobs fly from some of the biggest companies in the world, because solar and wind power are taking over right now. It’s too late to bet on the wrong nuclear horse or the wrong pipelnie snake. Get out of fossil fuels now: the sun is rising.

Tiffany Hsu and Clifford Krauss, New York Times, 7 December 2017, G.E. Cuts Jobs as It Navigates a Shifting Energy Market,

General Electric, whose new leadership is moving to eliminate bloat and grapple with the fallout from earlier, ill-timed decisions, is taking drastic steps to keep pace with seismic shifts in the global energy industry.

GE ranks first in 2017 downsizing after 12,000 more jobs: Brandon Kochkodin, Bloomberg, 7 December 2017
Brandon Kochkodin, Bloomberg, 7 December 2017, GE Ranks First in 2017 Downsizing After 12,000 More Job Cuts.

The company said on Thursday that it would cut 12,000 jobs in its power division, reducing the size of the unit’s work force by 18 percent as part of a push to compete with international rivals in a saturated natural gas market, adjust to “softening” in the oil and gas sectors and stay abreast of the growing demand for renewable energy.

Solar and wind energy technology is increasingly being deployed Continue reading →

Return of water misinformation by Forrest H. Williams in the VDT

Seen today on the WACE facebook page is an image of an op-ed in the VDT, and alongside it I include here Michael Noll’s initial comments, plus a few links.

There is good reason why Stephen Hawkins once said “the greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.” When entities like Fox News can claim that “solar won’t work in America because it’s not as sunny as Germany”, we shouldn’t be surprised by the results of such “educational” efforts. The fact is that we have a number of clean and renewable forms of energy (e.g. wind, solar, geothermal) that already work. Just go to Spain, Germany, Denmark, Iceland, or simply stay in the US and visit places like from New Jersey and New York to California and Arizona. Combine these pieces of a larger energy puzzle with meaningful initiatives of energy conservation and energy efficiency, and we find a way out of our current predicament (i.e. continuing dependence on finite and dirty sources of energy), while saving money (see solar vs. nuclear), preserving our natural resources (e.g. water, forests), and providing clean, healthy and safe environments to live in (e.g. wind and solar do not produce radioactive waste, pollute our air and groundwater).

The guest columnist appearing above is the same individual who thought

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Solar: Pieces of a Puzzle —Dr. Michael G. Noll

Op-ed in the VDT today, responding to a response to my op-ed. -jsq

If the attempt of a guest column from Jan 13 was to shine light on solar power, it left everyone in the dark. Neither mockery nor close mindedness will assist us in finding real answers if we want to solve the energy puzzle of the 21st century.

In July 2012, the Financial Times interviewed Jeffrey Immelt, CEO of GE. GE knows perhaps more about the world of energy business than any other company. Immelt stated that

“on a cost basis it is impossible to justfy investing in nuclar power for the future.”

People who sitll claim that solar is more expensive than nuclear are not paying attention. If solar is viable as far north as New Jersey, it certainly is in Georgia. If countries like Germany can excel in solar energy production, so can we. Companies like Walmart, Costco, Apple, and Google are havily investing in solar because it works.

It should also be noted that the nuclear plant on Crystal River has been idle since 2009. As the Tampa Bay Times reported last December,

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Solar Cheaper Than Fossil Power in Five Years —Mark M. Little of GE

Brian Wingfield wrote for Bloomberg 26 May 2011, GE Sees Solar Cheaper Than Fossil Power in Five Years
Solar power may be cheaper than electricity generated by fossil fuels and nuclear reactors within three to five years because of innovations, said Mark M. Little, the global research director for General Electric Co. (GE)

“If we can get solar at 15 cents a kilowatt-hour or lower, which I’m hopeful that we will do, you’re going to have a lot of people that are going to want to have solar at home,” Little said yesterday in an interview in Bloomberg’s Washington office. The 2009 average U.S. retail rate per kilowatt-hour for electricity ranges from 6.1 cents in Wyoming to 18.1 cents in Connecticut, according to Energy Information Administration data released in April.

GE is working on thin film solar. Meanwhile, costs are already coming down: Continue reading →