GE announced it’s expanding its involvement in the offshore wind power generation market. The company completed the acquisition of a Norway-based developer of drive-train and turbine technologies for the offshore wind market. ScanWind, based in Trondheim, has turbine technology intended to eliminate gearboxes to improve maintenance and reliability.
Archive for September 14th, 2009
Grainger buys majority stake in Japanese MRO direct marketer
Grainger announced that it has purchased the majority interest (53%) in MonotaRO Co., Ltd., a direct marketer of MRO supplies based in Osaka, Japan. In 2008, MonotaRO had revenues of $136M and operating earnings of $11 million.
Liquid-filled LED lamps?
Here’s an intriguing solution to some of the technological problems involved in building general-purpose LED lighting. The secret ingredient? Paraffin oil.