Thursday, October 8, 2015

USA: GE to Spin Off Renewable Generation Business

G.E. to Spin Off New Energy Technologies in One Company (New York Times)

General Electric, which has been moving to shed a number of divisions and return to its roots as an industrial behemoth, is creating a company to house developing energy businesses, executives said Wednesday.

The company, to be called Current, will focus on providing products and services in energy efficiency, renewable generation and storage to large customers like hospitals, universities, retail stores and cities, Jeffrey R. Immelt, the G.E. chief executive, said in a statement.