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How GE Is Changing the World

Gas Turbine in GE's Manufacturing Facility in Belfort, France.Gas Turbine in GE's Manufacturing Facility in Belfort, France.
Gas Turbine in GE's Manufacturing Facility in Belfort, France.Courtesy of GE

The staff of Fortune and a panel of experts recently named 50 companies to its 2016 Change the World list. General Electric is one of them.

It’s been more than a decade since GE (GE) launched its massive renewable business strategy, Ecomagination, with a pledge to double down on clean tech and generate $20 billion in annual revenue from green products. The ensuing 11 years have proved Ecomagination was more than just a PR ploy. Through the end of 2015, GE had invested $17 billion in clean tech R&D through Ecomagination while generating $232 billion in revenue from its products.

For more on Change the World list, watch this Fortune video:

Last year, GE Transportation began manufacturing its Evolution Series Tier 4 Locomotive, which the company says will reduce emissions by more than 70% from the previous model. Through Ecomagination, GE also launched a concept called the Digital Wind Farm, which says it can boost a wind farm’s energy production by 20%. It uses GE’s Predix operating system, which monitors turbine performance and uses predictive analytics to find the best way to align the turbines. Ecomagination’s decade-long manufacturing of energy-efficient technologies like these – along with the acquisition of Alstom’s power division last year – has now made GE responsible for about one-third of the world’s electricity capacity, making its commitment to clean energy a critical step for the future.

Listen to this podcast with Beth Comstock – Vice Chair of Business Innovations at General Electric.

A version of this article appears in Fortune’s September 1 issue as part of the Fortune Change the World list, our annual ranking of major companies whose business activities are having a positive social impact. Click here to see the entire package.