GE to invest a cool US$400m in refrigeration technology

19 Oct 2010

US energy company General Electric (GE) has announced it will pump around $400m (around €286m) into research on refrigerator technology.

According to the greeentechmedia, GE will put the money into a dedicated four centres of excellence that will design and manufacture refrigeration products.

The announcement comes as stricter Energy Star standards – an international standard for energy efficient consumer products originated in the US – are set to come into effect in 2014.

GE has already invested heavily in water and heating technologies, having invested around 600m in the energy-efficient concepts last year.

GE plans to release a Monogram-brand, 30-inch refrigerator, currently in development, in early 2011.