GE Targets Net Zero Energy Homes by 2015

July 15, 2009

LOUISVILLE, Ky.--(BUSINESS WIRE)--GE announced today that by 2015 it is developing a turn-key product portfolio that will empower consumers to build – both new home builders and existing homeowners – to efficiently consume, manage and generate electricity to enable an overall net zero annual energy cost. In addition to GE's current portfolio of energy-efficient lighting and appliances products and demand response technology that GE is currently developing, GE plans to develop residential power generation products like solar PV and residential wind products, well positioning GE to make the net zero energy home a reality. "We have a long, trusted relationship with consumers, strong presence with home builders, demand response appliance technology and, the extremely critical, smart grid technology leadership of GE Energy that makes the GE net zero energy home an exciting prospect for our future growth," said GE Consumer & Industrial President and CEO James Campbell. The GE net zero energy home offerings will be comprised of three major groups within the product portfolio: energy efficient products, energy management products and energy generation/storage products. Energy Efficiency Products: GE's portfolio of energy- efficient appliance and lighting products will help enable the net zero energy home by reducing energy consumption in the home. * In 2008, the number of GE ENERGY STAR(R) qualified appliance models totaled over 550 models. In fact, 54 percent of the GE appliance products are ENERGY STAR qualified. The number of ENERGY STAR qualified lighting models totaled over 271. The majority, 99.3 percent, of the 2008 GE Compact Fluorescent lamp sales were ENERGY STAR qualified models. * The U.S. Department of Energy and the U.S. Environmental Protection Agency have awarded GE Consumer & Industrial the ENERGY STAR® Sustained Excellence award for the fourth straight year. Also, this marks the sixth year that GE has been acknowledged as an ENERGY STAR Partner of the Year.

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