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NewswireTODAY - /newswire/ -
Louisville, KY, United States, 2012/11/14 - GE Appliances’ new products, as part of its billion-dollar investment through 2014, continue to gain positive recognition (NYSE: GE) - GEAppliances.com. NYSE: GE
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• Selected from more than 2,200 environmentally preferable products;
• GeoSpring™ is the first hybrid electric hybrid electric ENERGY STAR®-qualified water heater assembled in the U.S.;
• Product will save an average consumer $325 every year on their utility bills.
Today, BuildingGreen named GE’s GeoSpring™ hybrid electric water heater to its Top-10 list of green building products for 2013. GE began production of GeoSpring in February.
GeoSpring is an ENERGY STAR®-qualified water heater that was selected for its energy savings and its innovative technology.
"The GeoSpring water heater from GE is at the forefront of developments in the field, spurred by requirements coming into effect in 2015 for higher efficiencies in larger water heaters,” stated Alex Wilson, founder and executive editor of BuildingGreen. “The GeoSpring integrates heat-pump technology into its four operating modes, comes off the assembly line in GE’s Louisville, Kentucky factory, and in a product area where noise can be an issue, the GeoSpring is the quietest model we've seen, at 55 dB."
BuildingGreen’s Top-10 list was selected by BuildingGreen, Inc., publisher of GreenSpec and Environmental Building News (EBN). The products featured on the list are those added to the GreenSpec Directory or covered in Environmental Building News during the past year.
“We are honored that the GeoSpring has been selected for the BuildingGreen Top-10 list,” said Stephen Downer, GE product general manager for water products.” With its innovative heat pump technology, the GeoSpring uses less than half of the energy of a standard electric water heater.• “There are very few products that can save homeowners as much money as the GeoSpring on their annual utility bills,” said Downer.
GreenSpec, which is BuildingGreen’s online directory, lists more than 2,200 environmentally preferable products, with key insights on the green attributes of each product and the most critical green issues for each product category. All research on products is completed independently, with a heavy emphasis on remaining unbiased and providing the consumer quality information.
BuildingGreen prides itself on its ability to deliver the awarded company and product wider recognition and enthusiasm, as well as, helping industry professionals and policy makers improve their environmental performance and reduce the adverse impacts of buildings.
The official public announcement was made by Wilson at the U.S. Green Building Council’s Greenbuild conference in San Francisco.
GeoSpring (model GEH50DEEDSR) is available at national retailers, such as Lowe’s and Sears, and national plumbing distributors, such as Ferguson, as well as many local retailers and distributors. The estimated retail price is $1,299.*• For more information on features and availability, visit Geappliances.com/geospring.
About GE Appliances
GE Appliances (geappliances.com) is at the forefront of building innovative, energy-efficient appliances that improve people’s lives. GE Appliances’ products include refrigerators, freezers, cooking products, dishwashers, washers, dryers, air conditioners, water filtration systems and water heaters. General Electric (NYSE: GE) works on things that matter to build a world that works better.
*Numbers based on DOE test procedure and comparison of a 50-gallon standard electric tank water heater using 4879 kWh per year vs. the GeoSpring™ hybrid water heater using 1830 kWh per year.
**Retailers set their own prices.
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kim_freeman[.]ge.com 
