Dive Summary:

• General Electric has announced the opening of its third innovation center in Canada, and the $40 million facility will be a home for smart grid research and development in Markham, Ontario.
• The Grid IQ Global Innovation Centre will be supported by $7.9 million from the province's government.
• At 200,000 square feet, the campus will provide workspace to GE engineers working to address energy issues for utilities and industrial customers.

From the press release:

GE (NYSE: GE) today announced the opening of its newly constructed Grid IQ™ Global Innovation Centre in Markham, Ontario. The state-of-the-art, 200,000-square-foot facility is designed to foster innovation and global collaboration to improve the efficiency, reliability and security of the world’s electrical grids. The $40 million project is supported by a grant of $7.9 million from the Government of Ontario.

The new facility includes 100,000 square feet of production space and will help GE meet both current and future product demands as utilities around the world continue to look for ways to improve their energy infrastructures. To support that growth, the facility also incorporates on-site research, test and simulation laboratories giving GE engineers easy access to the tools needed to help utility and industrial customers solve their toughest energy challenges. The building includes a technical training centre providing both on-site and distance learning offerings for GE employees, partners and customers. ...