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GE sees big change from energy efficiency

“The lighting industry is probably going to experience more change in the next five years than it has in the last 50,” Michael Petras, chief executive of GE Lighting, told the Financial Times. “Just because we have been a lighting company for the last 100 years doesn’t mean that we can be a light bulb company for the next 100 years. There is no guarantee or entitlement.” GE, formed in 1892, was built on Thomas Edison’s incandescent bulb as one of its principal products. Today, its lighting business has annual revenues of about $3bn and employs 17,000 people

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