GE 2006 Annual Report Download - page 34
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5
Innovation
We foster a culture of imagination— enabling us to create
new ideas and put them into action to drive growth.
For decades, nuclear energy has been an efficient but challenging
source of alternative energy. To help meet today’s increasing
demand for energy stability and environmental stewardship, Energy
has developed a next-generation nuclear plant design that is safe
for communities, and sound for investors. The core innovation
of the Economic Simplified Boiling Water Reactor (ESBWR) lies in a
32 ge 2006 annual report
simplified, modular design that will enable signifi cantly shorter
installations, increase safety and deliver an outstanding economic
return with zero greenhouse gas emissions during operation.
Together with our investment in coal gasifi cation, this could gen-
erate $10–$20 billion in revenues over the next 10 years.