GE Invests Up to $40 Million in eSolar

General Electric Co. (GE) bought a minority stake in the California-based solar company eSolar this week. As a result of the deal, Paul Browning, President and CEO of Thermal Products for GE Energy, will join eSolar's Board of Directors. ESolar already had a licensing agreement with GE Energy, which granted it exclusive worldwide rights to eSolar's modular technology for its Integrated Solar Combined Cycle (ISCC) power plant solution. This solution, when combined with GE's own "FlexEfficiency" 50 Combined Cycle Power Plant technology, is able to deliver fuel efficiencies over 70%.

Source: http://techcrunch.com/2011/08/09/ge-invests-up-to-40-million-in-esolar/

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