GE Energy Storage, a unit of GE Transportation, which is a part
) has formed a strategic alliance with Xtreme Power, a private
integrated energy storage turn-key solutions provider, in order to
provide cutting-edge energy storage solutions.
The agreement brings together GE's Durathon* battery technology
for grid energy storage systems and Xtreme Power's Xtreme Active
Control Technology (XACT), facilitating safer and highly efficient
storage of substantial quantities of electricity at low cost for
Energy storage technologies and solutions are crucial elements
of today's development, given the growing need for electricity in
every sphere of life. Therefore, power utilities or electric grids
have to regulate the amount of electricity generated to meet this
Simultaneously, as these electric grids are required to operate
constantly it is very important for them to have both efficiency
and longevity. The recent power blackout in Northern India (one of
the world's worst blackouts) emphasizes the need for efficient
power management solutions.
With their efficient energy storage systems, GE and Xtreme Power
together are looking to exploit opportunities at electric grids
(both old and new) all over the world.
) is one of the primary competitors in this segment.
The new GE Durathon battery products last up to ten times longer
than conventional lead acid batteries and store more energy in half
the space. They are also eco friendly.
GE Energy Storage, a unit of GE Transportation, is a global
technology leader and supplier of advanced battery energy storage
systems. Headquartered in Schenectady, New York, GE Energy Storage
offers Durathon battery modules and complete energy storage
solutions to the Telecom, UPS, Energy Management, Power Generation,
Grid Operation and Motive power industries.
Austin, Texas-based Xtreme Power's XACT is an innovative
control system architecture offering sophisticated control
algorithms, real time response, remote monitoring and optimized
power management. Xtreme Power is a leading provider of scalable,
real-time power management and energy storage solutions that enable
a sustainable, reliable and cost-effective electric grid.
General Electric and Siemens both currently have a Zacks Rank of
# 3 which implies a short-term 'Hold' recommendation on the
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