Siemens Shows That Cleantech = $$$
Siemens is one of the biggest electronics and industrial engineering firms in the world, and their sales show that environmentally friendly products and services are increasingly important to consumers. They see their sales in this area rising and expect to generate nearly $40 billion in revenues in 2011. Last year, they made almost $27 billion, which comprised about one fourth of their overall revenues for the year.
With revenue numbers like this, the company is going to invest more funds in research and development to further expand their growth, despite the fact that the current target for 2011 is a whopping 10% annual growth for their cleantech portfolio. This kind of big name, big money boost underscores the attention being given to greening up our current way of living. Siemens covers everything from power generation to buildings, from transportation to water purification. To see a boost across their cleantech portfolio can bolster our confidence level that companies are getting the green bug. (more)
via: Cleantech
