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General Electric today said it will spend $520 million to acquire Lineage Power Holdings, a company that specializes in fine-tuning power for servers, storage devices and other equipment inside datacenters.

GE bought the company from the Gores Group. Lineage pulled in $450 million of revenue in 2010.

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General Electric has made its first move into the fast-growing business of cutting electricity consumption by the telecoms and computer industries, buying Lineage Power for $520m from The Gores Group, a private equity firm.

The deal is GE’s third acquisition of an energy business in the past three months, as the group implements its plan to focus on infrastructure markets and reduce its reliance on financial services.

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How do you make sure a smart grid pilot project succeeds? General Electric and Accenture have written a report on the subject

Poorly executed pilot projects are over-budget, lack in clear goals, and fail to make key connections to stakeholders such as regulators and customers. For example, Xcel Energy’s SmartGridCity project in Boulder, Colo. shows some potential pitfalls that await utilities trying something new and complicated.

But sometimes it’s better to learn from the success stories rather than failures. Here are five key points for utilities both planning smart grid pilots and those with them underway. The U.S. has put $4.5 billion in stimulus funding into the smart grid sector, and China spent an estimated $7.3 billion last year, so there’s a lot of money at stake in coming up with the right answers.

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General Electric today announced that it will invest over $400 million into four centers of excellence dedicated toward designing and manufacturing refrigeration products.

A year ago, GE plunked $600 million into facilities for developing energy efficient washers and water heaters. Both efforts will lead to 1,300 jobs in the U.S., according to the company.

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Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year.

“Most egregious,” Forbes notes, is General Electric, which “generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.”

Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS

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