Microsoft's Bill Gates may think solar and wind power are "cute" technologies, but at least one other industrial stalwart is taking them quite seriously.
This morning, General Electric
So why advertise its "born from jets" lineage at all? Because the name of the game here is speed. GE unveiled the new power plant in Europe, where investments in solar and wind power have been all the rage. Europeans are intimately familiar with the downside to these technologies -- namely, that the weather isn't always windy, the sun doesn't always shine, and to paraphrase: "Ain't no [solar power,] when she's gone."
FlexEfficiency can solve this problem by quickly kicking in to supply the grid when skies are grey and doldrums dominate. It's bound to be popular in the European market -- and as a side benefit, just might boost solar power shops like First Solar
Is this better news for GE or for First Solar? Add both stocks to your Fool Watchlist, and watch how the stories play out.