Major Energy Firms to Collaborate on Wind Power

Six leading makers of wind turbines have signed an agreement with the U.S. Department of Energy to collaborate on research into ways to improve the design and performance of turbines and reduce production costs.

The goal of the agreement is to increase the share of wind power in the U.S. energy grid from the current 2 percent to 20 percent by 2030. Among the companies agreeing to collaborate on the research effort are GE Energy and Siemens Power Generation.