GE Expands Waste Heat to Power Capabilities Acquiring Calnetix Power Solutions
Acquisition allows GE’s Jenbacher Gas Engine Business to enter $1 Billion Waste Heat to Power segment
GE announced at the beginning of this month the acquisition of Calnetix Power Solutions (CPS), a Florida-based company that develops innovative technology for small-scale, waste heat to power projects. The proven technology recovers waste heat from various types of engines, biomass boilers and gas turbines and uses it to produce electricity. Calnetix will be integrated into GE’s Jenbacher gas engine business, based in Jenbach, Austria.
"Alternative energy sources such as waste heat are growing in importance given the urgent global need for more efficient use of our limited resources. Acquiring Calnetix Power Solutions' technology gives us a tremendous opportunity to enter this very promising, small-scale waste heat to power segment with a competitive, fully commercialized offering. Because of its energy efficiency and zero emissions, we see this industry sector as a $1 billion global space with high growth opportunities," said Steve Bolze, president and CEO of GE Power & Water.
GE's existing gas engine technology covers an output range of 0.25 to 4.4 megawatts and can operate on a broad variety of gases while offering high levels of efficiency, durability and reliability. "By adding CPS's capabilities to our existing portfolio of turbines and engines using waste gases or other alternative energy sources, we are now well positioned to become the industry's waste heat to power expert," said Prady Iyyanki, CEO—gas engines for GE Power & Water.