General Electric on Monday said it was renewing its commitment to clean energy with a $10 billion investment that likely will include the company’s planned Oklahoma City Global Research Center.
“The Oklahoma City center is definitely a big part of the corporation’s investment and commitment to technology,” said Mike Ming, general manager for the Oklahoma City facility, which is scheduled to open in Oklahoma City in 2015.
“Being the eighth research center of the GE global enterprise, it’s an important part and displays the company’s commitment to the importance of oil and gas going forward, especially in taking this resource of natural gas and oil and doing everything we can to make it better, cleaner, safer, cheaper, faster and smarter,” Ming said.
The Oklahoma City research center is likely to be involved in the effort to develop technologies to allow companies to capture and sell natural gas that otherwise would be flared, and in the effort to reduce or replace the water being used in hydraulic fracturing, or fracking, Ming said.
Speaking at the Bloomberg Link Energy 2020 Summit in Washington, D.C., GE CEO Jeffrey Immelt said the company has spent $12 billion over the past nine years on research and development for its ecomagination program, which is designed to increase energy efficiency and reduce carbon emissions.
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