Cloud Computing Gets a $520 Million Boost from GE
Data centers are responsible for 1.5% of all power use in the United States, and they're not going anywhere--the electronics-filled buildings make cloud computing possible. It comes as no surprise, then, that GE sees room for opportunity. The company announced this week that it is offering $520 million to buy Lineage Power Holdings, a company that sells data center and telecom power conversion gear.
Lineage Power sells AC-DC converters, DC-DC converters, DC data center equipment, and other products that grab AC power from the grid and turn it into power for data centers. The company touts the energy efficiency of its products, which can purportedly cut energy loss and lower cooling costs in data centers by 50 to 70 percent.
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