“We don’t want to enter a market we won’t be a leader in,” GE Vice Chairman John Krenicki said. “We want a competitive advantage.”
“It would be a complementary fit,” he said, with Areva opening a new geographic market for GE. “We could create a lot of value.”
GE said in February 2009 that the market for so-called smart meters that help distribute electricity more efficiently would grow to $12 billion in five years.
“Energy is a scale business,” Krenicki said. Without such an agreement covering technology and services, there will be “inefficient deployment of green technologies,” he said.
The U.S. government also needs long-term policies addressing climate change to attract investment in clean energy, Krenicki said.
“We want to be convinced that there is going to be a big market,” Krenicki said.
