GE launches new power conversion business

Last week, GE Energy launched its new Power Conversion business. The new unit employs the expertise of Converteam, a French expert in the field, which GE acquired for $3.2 billion last year. Power conversion turns variable mechanical energy into useable power and vice versa. Normally, the technology relies on mechanical systems with gears and crankshafts, but GE is replacing this machinery with high-tech electrical motors, generators and advanced converters. These changes will create newer...