GE Energy has acquired Kelman Limited of Lisburn, Northern Ireland, a provider of advanced monitoring and diagnostics technologies for transformers, enhancing GE's smart grid product portfolio. GE’s smart grid offerings are designed to help utilities increase productivity and reliability of both traditional and renewable energy generating assets, while also providing consumers with information to better manage their electricity use and expenses.

Tags: energy ge grid renewable smart on 08-18-2008 -Cached -About Shared by:Emil Milker

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BOSTON (Reuters) - U.S. conglomerate General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) and Abu Dhabi investment agency Mubadala Development Co said on Tuesday they have entered into an $8 billion joint venture with an initial focus on providing commercial finance in the Middle East and Africa.The two companies also plan to work together in the clean energy and water, aviation, and oil and gas sectors, they said."This partnership is consistent with our global growth initiatives and builds on our long-term relationships in a high-growth region like the Middle East," said Jeff Immelt, chief executive of GE, the second-largest U.S. company by market value.The companies said Mubadala "plans over time" to become one of the Fairfield, Connecticut-based company's ten largest shareholders, by acquiring shares in the open market.They also aim to establish a clean energy technology center in Masdar City, a new city in Abu Dhabi that aims to be carbon neutral. GE plans to commit up to $50 million for Masdar's second clean-tech fund.Growth in the Middle East has been a major thrust for GE in recent years. Last year the company generated $5 billion in revenue in the region, up 50 percent from the prior year.

Tags: abu aviation clean commercial dhabi energy finance ge joint tech venture on 07-22-2008 -Cached -About Shared by:Emil Milker

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