GE to simplify structure by adding grid assets to renewables arm
US conglomerate General Electric (NYSE:GE) today said it plans to combined its renewable energy and grid assets into a single business with a simplified structure. GE will move its grid solutions and hybrid renewables technologies, including solar and storage systems, into the GE Renewable Energy business. This will complement the company’s existing onshore and offshore wind, as well as hydro offerings, which alongside turbine blade manufacturer LM Wind Power are housed within GE Renewable Energy already. Moreover, digitally enabled services will be added to the mix.