The Digital Energy business of General Electric Company (GE) recently announced the launch of two new transformers that will help utility firms maximize their revenues and reduce operational costs.
Orders for both its 600-volt current transformers – Encompass and RevenueSense – were up 41% since their launch in Jun 2014. These transformers, designed for commercial and industrial applications, reduce inventory complexity and improve standardization for meter shop operations.
Due to the diverse range of applications that these transformers cover, a utility is likely to reduce its inventory by up to 90% by using these products. General Electric’s Encompass and RevenueSense transformers are more competitive than other transformers available in the market.
Both products reduce the billing multipliers, resulting in improved productivity and minimize the risk of mistakes in the billing process and meter programming. These products provide utilities with an accurate, wide-range solution to measure distributed energy.
General Electric’s Digital Energy business provides transmission and distribution solutions that move power from the power plant to the consumer.
General Electric is one of the largest and most diversified technology and financial services corporations in the world. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include Carlisle Companies Inc. (CSL), Federal Signal Corp (FSS) and Noble Group Ltd. (NOBGY), each carrying a Zacks Rank #1 (Strong Buy).
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