GM Looks To The Sun, Invests In Solar Energy Company
July 28, 2011 9:53 AM
A deal between GM and a solar power company will likely mean solar power stations at Chevy dealerships, and a doubling of the amount of solar energy used at GM plants.
GM Ventures—a part of the company used to find interesting start-ups—is investing $7.5 million dollars in Sunlogics PLC, a company that specializes in solar project development and installation.
GM says it will use the investment to double the solar energy it uses in its plants from 30 megawatts today to 60 megawatts over the next few years. GM says that’s equivalent to powering 10 thousand homes a year.