In order to resolve the growing power concerns, General Electric (GE - Free Report) recently developed a new Critical Power business to support power requirements of the global mission-critical industries. This new business will provide uninterrupted power supply for industries that require reliable supplies of electricity, including data centers, telecommunications facilities, hospitals, mission-critical facilities and financial markets.
The main focus of GE’s Critical Power business is to help the mission-critical industries reduce energy consumption, thereby lowering the operating costs of critical power equipments. There has been an increase in demand for high availability and energy efficiency in both new and existing data centers.
To meet this growing demand, the solutions offered by the Critical Power business are expected to deliver and optimize electrical power for customers across multiple industries. GE’s Critical Power business includes power-switching products, UPS technology, DC energy systems and embedded power supplies such as board-mounted power and front-end rectifiers.
Additionally, GE’s Critical Power provides customers with financial support opportunity, which will include financial lease programs and terms to support equipment upgrades. The customers can implement the latest technologies, products and services at affordable prices in order to achieve more efficient power.
General Electric is one of the most diversified technology and financial service corporations in the world, competing with industry big wigs such as Crane Co. (CR - Free Report) and Macquarie Infrastructure Company LLC (MIC - Free Report) . Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. GE’s Critical Power business provides mission-critical applications with end-to-end power product and service solutions.
General Electric currently has a Zacks Rank #3 (Hold). One of its competitors, Tyco International Ltd carries a Zacks Rank #2 ( Buy).