CCS-Retrofit Silicone Based Solvents
Nuclear
ABWR / ESBWR
Wind
1.5 & 2.5 MW
Solar
PV / Thin Film
Biofuels
Co-fired Gasification
Energy Efficiency Entitlement
Sector Industrial
Business Strategy Driving Innovation and Growth of Profitable Environmental Solutions
3 / / February 2009
1. Grow revenues to $25B 2. Double R&D to $1.5B
INVEST
$1.5B in R&D
Profit Technology
GROW
Revenue to $25B
GEnx jet engine
PV solar panels Save
Use
REDUCE
GHG/H2O Impact
20% more fuel Iberinco – efficient 10MW carbonfree electricity Caceres, Spain
Proof of Concept
Pilot Stage
Early Sales
Development Stage
Growth Stage
13 / / February 2009
Engaging with Stakeholders
Policy
Academia
Government
Technology Finance
Global Roundtable On Climate Change
Steve Fludder February 27, 2009
The Challenge
Global Energy Related 60 Emissions (Gt CO2/ yr)
50
Our Generation’s Moonshot
CO2 emissions 80%
40
2005
30
Decoupling needed
20
Technology is key
10
0 1990 2000 2010
2020
2030 2040 2050
IEA Reference Scenario 80% reduction path
2 / / February 2009
(Gt CO2/ yr)
50
40
today
30
20
14% 12% 27%
d
47%
Carbon Capture & Sequestration1 Nuclear1
Renewables & Biofuels1
Energy Efficiency1
10
0 1990
IEA Reference Scenario 80% reduction path
*At >10% IRR, McKinsey ** ’06 Usage: 100 Q BTU, EIA
Energy Efficiency at GE
Sector Industrial Residential Commercial Transport Supply: Power Supply: Fuels
2000 2010 2020 2030
2040
2050
1. Source: International Energy Agency – World Energy Outlook 2008 9 / / February 2009
Carbon Mitigation at GE
CCS-New Gen IGCC & Precombustion Capture
AES Corporation
20% of global portfolio in renewables
AES Climate Solutions: 300 people in 26 countries and 700 offset projects
First carbon sequestration project in the late 1980s
'07
20
30
40
50
60
• > $100 MM savings 7.75 • 5,000+ projects
Lighting @ 46 plants
70
'04 Energy Intensity (MM Btu / $MM Rev)
'07
250
300
350
400
450
500
550
'06 Fresh Water Use (Billion Gallons)
by 2010
3. Reduce GHG 1% absolute 4. Reduce water 20% absolute
by 2012
5. Inform & Engage public… Transparency
ongoing
4 / / February 2009
A sustainable business strategy
'07
7.5
8
8.5
9
9.5
10
$6.5MM, 59k tons CO2
’12 Commitment
Innovative technologies…now
Revenues ($B)
25
Carbon
20% CAGR
17
14 12 10
Energy Efficiency
…
'05
'06
'07
'08
’10
NGOs
Employees
Public Opinion
14 / / February 2009
ecomagination summary
Solving our Generation’s Toughest Challenge Driving Innovation and
Customer and Shareholder Value Challenge calls for Multiple Technologies Organic and Inorganic Innovation Engaging Broad Constituencies
goal
80 certified products
company-wide solutions
Water
7 / / February 2009
Innovative technologies…tomorrow
Wind Solar Carbon Capture Energy Storage
$1.5B by 2010
doubling our 2005 investment
Advanced Desalination
Hybrid evo OLEDs
Zero Liquid ischarge
GEnx Turbine Efficiency
8 / / February 2009
Carbon Mitigation
60 Global Emissions
GE ecomagination: GE's commitment to provide products and services that generate significant environmental and economic performance advantages to GE’s customers
• GHGS invests in and develops projects that reduce greenhouse gas emissions and supplies clients real, independently verified credits to offset emissions
lower emissions from jet test rig
solar at GE HQ
5 / / February 2009
Reducing our own footprint
'04 GHG Emissions (MM MT / yr)
'07
6.5
6.75
7
7.25
7.5
'04 GHG Intensity (MT / $MM Rev)
• Offers unrivalled credibility, quality, and scale • Leverages leading carbon market expertise • Represents highest standard of scientific and
environmental integrity • Provides diversified top-quality portfolio • Covers full spectrum of project development and
Global Efficiency Opportunity (-Q BTU / yr, 2020)*
-53.0
Residential
-34.5
Commercial Transport
-13.8 -13.0