GE Announces New $40M Grid IQ™ Innovation Center in Markham, York Region
Posted on March 9, 2011
General Electric (GE) and the Government of Ontario announced a new $40 million Grid IQ™ Innovation Center, the first center of its kind for GE in Canada, to be located in Markham (York Region), Ontario.
The 200,000 square foot center will develop and manufacture grid modernization technologies and will encompass a global testing and simulation laboratory. The building is expected to open in July 2012.
GE’s Grid IQ™ Innovation Center will drive research and development, create new innovation-related jobs—including expanded manufacturing—and facilitate global collaboration. GE will add approximately 146 new jobs over the next four years. Additional indirect jobs in high-tech research, design manufacturing and construction are anticipated, beginning when the center breaks ground for its new building this spring.
GE’s Grid IQ™ Innovation Center should become a Canadian destination for companies and countries seeking to upgrade their energy systems. A testing and simulation laboratory can be utilized by global utilities to learn how the center’s technologies can help their specific infrastructures with simulations and testing before deployment.
Source: Business Wire