GE buys company that turns waste heat into power
You got heat? General Electric wants to make power out of it.
GE on Friday said it has acquired Calnetix Power Solutions, a privately held company which makes systems for converting heat from industrial equipment into electricity. Financial terms weren't disclosed.
The company will be integrated with GE's current Austria-based Jenbacher gas engine business, which makes engines that run on different gases, including natural gas and biogas.
Calnetix's system is designed specifically for small-scale power generation at places, such as factories which give off a lot of unused heat. It can also be used to make electricity … Read more