GE (NYSE: GE) and GAF Materials Corporation (GAF) announced a new strategic alliance to market and ultimately develop solar systems and roofing systems for commercial and residential customers.
The goal of the aliance is to offer customers one-stop shopping for new roofs and solar electric systems. Customers interested in purchasing a new roof can have a solar system installed at the same time, providing customers with a more convenient solution for their homes and businesses.
"Combining the expertise and experience of two companies who are leaders in their business sectors, this agreement will help to further advance the use of solar energy technology in both residential and commercial applications across North America," said Victor Abate, vice president of renewables for GE Energy.
Further expanding its commitment to the solar energy industry, GE
Energy recently increased its equity share in PrimeStar Inc., an
emerging solar thin-film technology and manufacturing company.
About GAF Materials Corporation
GAF is North America’s largest manufacturer of residential and
commercial roofing, with a network of more than 12,000 contractors,
distributors and roofing installers nationwide. For additional information on the GAF WeatherStopper Systems visit www.gaf.com.
About GE Energy
GE Energy is one of the world’s leading suppliers of power generation and energy delivery technologies, with 2007 revenue of $22 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified
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