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Virgin Spends $1.4 Billion On Super-Efficient, Ultra Quiet Jet Engines

avatar By Jeanne Goddard

16 Jun 2011 47 views
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Virgin Spends $1.4 Billion On Super-Efficient, Ultra Quiet Jet Engines
Wanting to pay less for fuel now, Virgin America has invested in a remarkable new engine from GE. This is one of these significant breakthroughs in technology and engine efficiency that come along once every 10 to 15 years, David Cush, Virgin America's CEO, tells us.

Wanting to pay less for fuel now, Virgin America has invested in a remarkable new engine from GE. "This is one of these significant breakthroughs in technology and engine efficiency that come along once every 10 to 15 years," David Cush, Virgin America's CEO, tells us.

Virgin Air isn't waiting for major innovation in the biodiesel sector — even though it has invested heavily in fuel made from algae — the company's American airline this week announced a $1.4 billion order for ultra fuel-efficient engines.

(READ the story in Fast Company)

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# Business

FedEx Adds More Than 4,000 New, Fuel Efficient Vehicles

The world's largest express transportation company continues to bolster its fuel efficiency with a significant expansion this summer of lower polluting, energy efficient vehicles. While doubling the fleet of all-electric vehicles to 43, FedEx is also adding more hybrid-electrics and light composite vehicles.

# Business

Department Of Energy Crowns Light Bulb Of The Future Contest-Winner

A Philips LED bulb is the winner of the U.S. Department of Energy's $10 million competition to develop a low-cost, energy efficient, high-performance replacement for the incandescent bulb. The energy-saving L Prize winner uses less than 10 watts of power, providing an energy savings of 83 percent, while still emitting the same amount of light, and with the familiar warm glow.

# Business

Apple to Build Largest Private Solar Array in the US

The world's most valuable company, Apple, has announced plans to build America's largest private onsite solar array at their North Carolina data center. Apple's data center in Maiden is already one of the most energy-efficient of its kind, earning a coveted LEED Platinum certification.

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Companies That Were 'Naughty And Nice' In 2012

Consumer Reports unveiled its third annual Naughty & Nice List featuring companies whose policies attracted either nasty stares or gleeful praise. The companies were picked based on specific practices that the magazine's editors and subscribers found particularly worthy of either a thumbs up or thumbs down.

# Business

Apple to Build Macs in Texas

Apple CEO Tim Cook said Tuesday the company will build Macs in Texas using some parts made in Illinois and Florida. Cook said the factory will open later this year.

# Business

Surprisingly Strong Jobs Report for October

The U.S. economy added a better-than-expected 204,000 jobs in October despite a federal government shutdown that was expected to limit payroll growth. Despite the gains, the unemployment rate edged up to 7.3% from 7.2%.

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