General Electric Co. is targeting annual sales of $100 billion from its energy unit, whose equipment provides more than a quarter of the world’s power, within the next decade.
General Electric Co., the world’s biggest provider of power-generation equipment and services, said it won contracts from Brazil, Egypt, Australia and other countries valued at as much as $3 billion.
GE Energy Financial Services Inc., a unit of General Electric Co., will invest in a 32-megawatt solar power project in southwest Japan’s Okayama prefecture.
General Electric Co. agreed to buy Lineage Power Holdings Inc . for $520 million to tap demand for electricity management from a surge in mobile computing, gaining customers from Verizon Wireless to Hewlett-Packard Co.