An executive of United Technologies Corp. says the conglomerate is more optimistic about the wind power business it recently entered than fuel cell technology that has been in its portfolio for years.
Greg Hayes, Chief Financial Officer of United Technologies Corp. told investors last Thursday that last year’s $382 million purchase of Clipper Windpower, helps United Technologies to capitalize on what he said is a $60 billion global market.
When comparing the potential of the wind market to that of other renewable energy markets Hayes feels optimistic in wind development on the basis that it is one of the most developed markets in the renewable energy field.
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