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While we put conglomerate General Electric on our list of “Tech Vendors That Will Cash in On the Smart Grid Stimulus Funds,” we didn’t get the full impact the funds could have on GE in the days after the awards were announced. But the Wall Street […]

While we put conglomerate General Electric on our list of “Tech Vendors That Will Cash in On the Smart Grid Stimulus Funds,” we didn’t get the full impact the funds could have on GE in the days after the awards were announced. But the Wall Street Journal’s got that this morning, and says that around a third of the smart grid stimulus awardees are GE customers. The conglomerate, which makes smart meters, smart appliances, and in home energy management products, expects these customers to “use a good chunk of that money to buy its [GE] equipment.” Already, GE has announced utility customers including Florida Power and Light, Oklahoma Gas & Electric, and Pepco Holdings.

What’s as interesting as the size of the impact of the smart grid stimulus funds on GE, is the method in which GE looked to influence the smart grid stimulus funds. GE CEO Jeffrey Immelt, a longtime Republican, sits on the President’s Economic Recovery Advisory Board alongside Kleiner Perkins partner John Doerr. According to the Journal article, Immelt was a “driving force” behind stimulus funding gains for smart grid initiatives. GE invested $7.55 million in lobbying efforts in the second quarter of this year, a 34 percent increase from the company’s lobbying spending in the prior year second quarter. The investments — in initiatives including promoting the Democratic stimulus package, lobbying for smart grid stimulus fund increases, lobbying for the max smart grid stimulus award to be $200 million, helping customers apply for the stimulus funds, and developing “a colorful two-page fact sheet” on the stimulus for its customers — have apparently paid off.

More specifically GE’s fun-filled fact sheet told its customers that GE would “be involved with setting national standards and energy-transmission policy,” and said that GE could “help regional utilities and governments win federal stimulus money earmarked for making the power grids more efficient,” says the article. Although, GE General Counsel Brackett Denniston III explains that just because GE provided counseling on the Recovery Act legislation “does not ensure its clients will win the resulting contracts.” But with a third of its customers winning the smart grid stimulus funds, clearly GE’s counseling didn’t hurt.

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  1. Today’s News: Indices, Grants, Contracts & Jobs « Think Resources Archives – Focussing on Engineers & Recruiting Tuesday, November 17, 2009

    [...] A 3rd of smart-grid stimulus awardees are GE customers:  earth2tech [...]

  2. オバマ大統領&胡錦濤主席によるクリーンエネルギー政策合意でわかったこと(2) | クレセントワークス[Crescentworks] 尼崎市の集客WEBサイト制作会社 Thursday, November 19, 2009

    [...] なお、GEについては、この記事(GE: A Third of Smart Grid Stimulus Winners Are Our Customers)が、先般のオバマ政権によるスマートグリッド関連助成金の対象となった1/3のプロジェクトは、実はGEの顧客企業(電力会社等)であったことを報じています。GEのCEO、Jeffrey Immeltは、助成金政策を策定したEconomic Recovery Advisory Boardの委員だったとのこと。また、関連のロビー活動に四半期だけで755万ドルを投じたそうです。今回の米中合意についても、相当綿密なロビー活動が行われたものと見るべきでしょう。 [...]

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