GE Energy Launches New Power Conversion Business

GE Energy

today announced the next step in the integration of its acquisition of Converteam by renaming the business Power Conversion. Power Conversion's technologies in process controls, automation systems and high-efficiency power electronics, motors and generators will enable the company to better meet the needs of customers looking to improve operational efficiency and productivity. The Power Conversion business will help GE maximize its deep domain expertise and expand its presence in the fast-growing energy efficiency, electrification and automation sector, which was valued at $30 billion and is growing above global GDP.