Technology that enables cleaner and more energy efficient manufacturing
GE Energy Financial Services (EFS) announced a venture capital investment in Advanced Electron Beams, a company whose technology uses a stream of electrons to initiate chemical reactions or break chemical bonds more efficiently than existing thermal and chemical approaches. Advanced Electron Beams helps traditional manufacturers reduce environmental impact while improving profitability.
Already used at the GE Global Research Center in Niskayuna, New York, and more than 40 other companies, including 14 in the Fortune 500, Advanced Electron Beams’ technology enables companies to reduce energy consumption and chemical and water use. In addition, the technology delivers significant economic benefits over traditional methods. A system using Advanced Electron Beams’ compact emitters can pay for itself in less than one year.
Advanced Electron Beams will benefit from its relationship with GE beyond the initial financial investment. GE Energy Financial Services worked with the GE Global Research Center to identify nine potential applications of Advanced Electron Beams’ technology in other GE businesses. The Global Research Center has been using Advanced Electron Beams’ technology for more than two years, and it provided a strong endorsement and a technical, hands-on perspective to GE Energy Financial Services as it considered making its investment.