General Electric (NYSE:GE) launched GeoSpring, its most energy-efficient, hybrid electric water heater.

General Electric (NYSE:GE) Launching Water Heating GeoSpring

GeoSpring(TM) is the first hybrid electric ENERGY STAR(R)-qualified water heater manufactured in the U.S.

General Electric (NYSE:GE) claims that the new product will save an average consumer $325 every year on their utility bills.

Stephen Downer, General Electric (NYSE:GE) product general manager for water products, said that, “There are very few products for your home that will save homeowners as much money as the GeoSpring. With the state of today’s economy, General Electric (NYSE:GE) is betting on acceptance of this technology from consumers who want to save money on their energy bills and support the GE employees in the U.S”.

General Electric Co. (NYSE:GE) company shares are currently standing at 18.88.

Price History
Last Price: 18.88
52 Week Low / High: 14.02 / 21.65
50 Day Moving Average: 18.06
6 Month Price Change %: 18.9%
12 Month Price Change %: -11.3%