GE will locate a new $40 million Grid IQ Innovation Center in Markham, Ontario, Canada. The 200,000-square-foot center will be the first of its kind in Canada. It will develop and produce grid modernization technologies and include a testing and simulation lab.
"GE is investing in a better energy future for Canada and the world," said Juan Macias, general manager, smart substations - digital energy for GE Energy Services. "Our new center will give inventors and problem solvers the resources to accelerate development and testing of new solutions, while expanding GE's smart grid support and manufacturing capabilities. With a highly skilled, educated work force and multi-lingual residents, Markham is an ideal location for GE's Grid IQ™ Innovation Center."
"Today's announcement is an excellent example of how business and government can partner to develop innovative technologies that address Ontario's needs while having applicability to sustainable energy demands globally," said Elyse Allan, president and CEO, GE Canada.
The facility will support 146 new jobs in the next four years.
In September 2009, GE signed a memorandum of understanding with the Ontario government to partner and invest long-term in the province on new or expanded technology and advanced manufacturing centers.