13 Jul '11, 10am

GE's Mark Vachon: Ecomagination & Natural Gas Can Work Together

GE's Mark Vachon: Ecomagination & Natural Gas Can Work Together

How's GE's ecomagination going? I put that question today to Mark Vachon, who is vice president for ecomagination at GE. He replied by talking about natural gas. "The large macro trend of gas is massive," he said. "Our oil and gas business will be a huge beneficiary." An abundance of shale gas in the U.S., and methane gas reserves in Australia present a wealth of opportunities for GE, which plays all along the supply chain for natural gas. "We're a massive player in gas exploration," Mark said. "We have a water business that can deal with issues in the fracking process." And, of course, GE sells lots of gas-burning turbines, including a new combined cycle power plant, currently available in Europe, that enables gas to be burned more efficiently and in concert with renewable energy. (See my June blogpost, GE's big bet on natural gas ) But can you put "ecomagination and shal...

Full article: http://www.greenbiz.com/blog/2011/07/13/ges-mark-vachon-e...

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