GE and Highview Power Sign Global Energy Storage Collaboration Agreement

  • GE Oil & Gas Licenses U.K.-Based Highview’s Liquid Air Energy Storage Technology
  • Highview’s LAES System to be Combined with GE’s Gas Turbines and Engines
  • Agreement to Enable Both Companies to Expand in Growing Energy Storage Sector

Seeking a larger role in the energy storage sector, GE Oil & Gas (NYSE: GE) has signed a global licensing and technology collaboration agreement with Highview Power Storage, a U.K supplier of large-scale liquid air energy storage (LAES) systems. The companies will explore opportunities to integrate Highview’s LAES technology in peaker power plants where GE gas turbines and gas engines are currently or will be installed to increase power plant efficiency, grid reliability and the distribution of renewable energy.

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