Siemens and GE are going full speed on cleantech

According to Bloomberg : ” Siemens AG, Europe’s largest engineering company, aims to grow its sales from so-called green products designed to save energy to 40 billion euros ($55 billion) by 2014. “

But the competition is fierce and Siemens, not alone : ” Siemens’ competitor General Electric Co. said it will invest about $10 billion in environmentally friendly products by 2015 through his five-year-old “ecomagination” program. “

This is the perfect example on how cleantech is booming and will keep booming in the next decade(s). This is good news as we really need to reinvent our societies.

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