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Engineering giant General Electric (GE) has kicked off a global project to improve power electronics systems that manage the conversion of electricity from AC to DC, an area that is set to soaring demand in coming years as global renewable energy capacity increases. The company has plans underway to expand research teams in the US and China, and has recently announced plans to invest €5m in lab facilities at a new centre of electronics in Munich, Germany.
Carlos Haertel, managing director of GE Global Research, said the new lab would initially recruit a 20-strong team of engineers, but could expand to 45 to 50 people over the next few years.
A recently released study suggests that 274,000 additional jobs can be added to the U.S. economy if the country sets a goal of having 25 percent of its electricity generated from renewable energy sources such as biomass, hydropower, solar, waste-to-energy and wind.
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