GE has finalized its acquisition of FMC-Tech, a smart grid technology provider based in Ireland.
The acquisition, first announced in May, expands GE’s presence in the emerging smart grid market in the UK and Ireland. FMC-Tech provides real-time monitoring capabilities for power lines.
ESB Networks, an Irish electricity distribution operator, has worked with FMC-Tech on pilot trials of the company’s intelligent network sensors. The deployed test system has been effective in monitoring networks and detecting faults, which has helped lead to a significant reduction in outage times, according to ESB.
GE is also working with Smart Grid Ireland (SGI), a group of international and local businesses that aim to promote the benefits of a smart grid for sustainability and regional economic growth. SGI has proposed that the government consider a smart grid project that would allow more renewable energy sources to be connected to the existing electricity network.
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