Recovering waste heat from industrial processes and using it to produce electricity is a rapidly growing trend in the global power industry offering high efficiency and a reduced carbon footprint.

CPS offers well-proven waste heat to power technology to generate electricity using the waste heat of various types of engines, biomass boilers and gas turbines. The acquired business will be integrated into GE's Jenbacher gas engine business, based in Jenbach, Austria. Today, much of the activity in the small-scale, waste heat recovery sector is centered in Europe.

"Alternative energy sources such as waste heat are growing in importance given the urgent global need for more efficient use of our limited resources. Acquiring CPS's technology gives us a tremendous opportunity to enter this very promising, small-scale waste heat to power segment with a competitive, fully commercialized offering. Because of its energy efficiency and zero emissions, we see this industry sector as a $1 billion global space with high growth opportunities," said Steve Bolze, president and CEO of GE Power and Water.

In addition to the CPS assets, GE also acquired certain underlying intellectual property from Calnetix, Inc., CPS's parent company. All of the acquired assets, along with GE's Jenbacher technical and distribution capabilities, will enable GE to provide advanced and comprehensive offerings for customers in the waste heat recovery power generation space.

"This suite of technology is a natural fit for our business," said Prady Iyyanki, CEO-gas engines for GE Power and Water. "By adding CPS's capabilities to our existing portfolio of turbines and engines using waste gases or other alternative energy sources, we are now well positioned to become the industry's waste heat to power expert."

GE's existing gas engine technology covers an output range of 0.25 to 4.4 megawatts and can operate on a broad variety of gases while offering high levels of efficiency, durability and reliability.

"The acquisition combines the strength of two leading high-efficiency, power generation technologies," said Brad Garner, president and CEO of Calnetix Power Solutions.

"It opens the door for utilizing GE's diverse capabilities and resources to support and expand our technology. As proven through its earlier acquisitions of companies like Jenbacher and Enron Wind, GE is able to scale new power generation technologies quickly and effectively."

Since its acquisition by GE in 2003, GE's Jenbacher gas engine business has continued to expand its manufacturing capacity and technology offerings to meet the growing demands of the alternative energy industry.

Several of GE's Jenbacher solutions are currently approved under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

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