GE Energy this morning announced that it has acquired a stake of approximately 90 percent of Converteam, a France-based provider of electrification and automation equipment and systems, for approximately $3.2 billion.
Converteam’s senior management will retain the remaining stake in the company, but GE has agreed to purchase their shares over the next two to five years for a price that it… → Read More
General Electric (GE, NYSE: GE) announced today that it acquired technology from Wind Tower Systems, that can enable the company to build and ship wind energy equipment that’s more efficient, taller and longer than what it offers now.
Longer wind turbine blades, generally, capture more energy from wind. Taller towers to accommodate these blades can be difficult to ship, install and keep steady in… → Read More