1. Home
  2. Tag "grid assets into single unit"

GE to combine renewable, grid assets into single unit

General Electric Co said on Wednesday it would fold its battery storage and electrical grid units into its wind turbine and hydropower business to cut costs, speed decision-making and cater to surging demand for renewable power. The announcement, a day before GE was due to report fourth-quarter results, will eliminate a layer of management mostly […]

Schneider, AES investment takes Uplight’s valuation to $1.5 bln