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GE Commercial Finance to Service Clean Tech Companies

GE Commercial Finance is launching an initiative to provide financial solutions to the growing number of companies focused on clean energy and related technologies. The initiative is a joint effort of GE Commercial Finance’s Technology Lending and Energy Financial Services businesses. Technology Lending, a unit of Global Media & Communications, provides debt financing to technology-related businesses, including emerging growth companies. Energy Financial Services provides financial products including structured equity, leveraged leasing, partnerships and project finance to companies throughout the energy industry. The joint initiative combines the structuring and underwriting expertise of Technology Lending and the industry expertise of Energy Financial Services to provide a full range of financing products and services to companies that deliver clean or renewable energy directly, or develop new technologies for cleaner and more efficient energy generation and distribution. Among the key market segments are distributed generation, including fuel cells, solar/photovoltaics, wind and wave power technology, and biomass gasification; oil & gas, including “clean fuels”; pollution control technologies; transportation components, including motors; energy storage; energy related information technology; and transmission and distribution. “Broad global trends are encouraging development and application of clean energy technologies,” said Bill DeMars, managing director, Technology Lending. “These trends include renewable energy […]

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Aggressive House Energy Strategy Takes Shape

The House Energy and Commerce Committee’s accelerated energy bill schedule is beginning to take shape, with plans for a combination budget and policy hearing with Energy Secretary-designate Samuel Bodman on Feb. 9 and a markup of a bill based on last session’s H.R. 6 the following week, energy industry sources said yesterday. House and Senate energy committees traditionally bring in top Energy Department officials to discuss their budgets and plans for the year shortly after the budgets are announced. This year, the federal budget is expected to be announced Feb. 7. Bodman is expected to win Senate confirmation as Energy secretary on Monday. But under pressure from House leaders and the White House, Energy Committee Chairman Joe Barton (R-Texas) also is working to get an energy bill to the House floor before Congress adjourns for the Presidents Day recess. Nevertheless, committee Democrats are trying to push the electricity issue with the announcement yesterday that the Government Accountability Office will investigate the Securities and Exchange Commission’s administration and enforcement of the Public Utility Holding Company Act of 1935 (PUHCA). Committee ranking member John Dingell (Mich.) and Rep. Ed Markey (D-Mass.) have been trying since last spring to get GAO to look […]

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