GE buys into efficient power for cloud computing
General Electric's decision to acquire Lineage Power Holdings reflects the growing importance of power electronics amid the explosive growth of portable computers and phones.
GE yesterday said it has signed a deal to pay about $520 million for Atlanta-based Lineage Power to beef up its energy and electric grid-related portfolio.
It gives GE efficient power-conversion products--the hardware needed to convert between alternating current and direct current--used by telecommunications companies and data center operators.
"Every new mobile device plugs into an infrastructure that requires an ever increasing amount of high-quality power. The growth in high-bandwidth mobile Internet applications and … Read more