GE’s Immelt worries U.S. not leading on renewables

Nov 4th, 2011 | By | Category: General

General Electric Co’s Jeff Immelt worries the United States may lose ground to China in the renewable energy sector because it is not prepared to invest in solar, wind and other technologies on the same scale.

But the chief executive of the largest U.S. conglomerate said his company remains undaunted and will continue to work in the sector despite the recent bankruptcy of solar panel maker Solyndra, which has attracted intense public attention for failing despite federal loan guarantees.

For more on this story, visit: GE’s Immelt worries U.S. not leading on renewables | Reuters.

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