GE Combines Technologies into New Energy Efficiency Company

GE Combining Business

General Electric Co.has launched a new company, Current, that will integrate GE’s LED, solar, energy storage and electric vehicle businesses with GE’s growing data and analytics platform. The goal: to help clients lower their energy bills and better manage power distribution.Through analyzing energy consumption, says GE, it can save customers 10-20% on their energy bills.

To be headed up by GE Lighting President Maryrose Sylvester, will begin with US$1 billion in revenue, and is expected to grow to US$5 billion by 2020, GE said.GE Lighting will continue to sell LED bulbs as well as other products to consumers, a GE spokeswoman said.

GE describes its new strategy as “the future of energy.” Here’s more:

“Imagine using the most advanced technologies to make real-time decisions about your energy use. Imagine intelligent environments where buildings can generate power on site, or on the grid through networked lighting. Imagine smart cities configured with eco-friendly LED lighting systems networked with sensors…

Current, powered by GE, will meet the unique needs of a wide range of utility, Commercial & Industrial and municipal customers and provide them with Predix enabled hardware and software they need to be more reliable, efficient, and profitable. Current will deliver a combination of financing with GE’s physical and digital capabilities across energy efficiency, solar, storage, and onsite power.”

Find out more: http://www.currentbyge.com.

 

Related Articles


Latest Articles


Changing Scene

  • Nesco Announces New Sales Agent for Northern Ontario

    Nesco Announces New Sales Agent for Northern Ontario

    January 16, 2025 Nesco is pleased to announce the appointment of Sean Atkinson at Resilient Sales as their sales agent for Northern Ontario, effective January 1st, 2025. “Sean is replacing Steve Wallace, who after decades of providing tireless customer service and sales support is focusing on family and enjoying some well-deserved downtime in retirement,” commented… Read More…

  • ABB and Wieland Electric Partner to Redefine Efficiency in Modular Construction

    ABB and Wieland Electric Partner to Redefine Efficiency in Modular Construction

    January 15, 2025 ABB Electrification’s Smart Buildings Division and Wieland Electric have announced a strategic partnership to revolutionize modular and serial construction with advanced prefabricated electrical installation systems. The collaboration combines Wieland’s innovative connector technology with ABB’s extensive portfolio – including switches, sockets, installation boxes, energy distribution, and smart home solutions – to deliver plug-and-play… Read More…

  • ABB Expands Residential Energy Management Portfolio in North America with Lumin Acquisition

    ABB Expands Residential Energy Management Portfolio in North America with Lumin Acquisition

    January 15, 2025 ABB has announced the acquisition of Lumin, a U.S.-based pioneer and leading provider of responsive energy management systems, to expand its home energy management capabilities in the North American residential sector. The acquisition follows a strategic minority investment by ABB into the company in 2023. Financial terms of the transaction were not… Read More…

  • Mattr Completes Acquisition of AmerCable, Establishing US Wire and Cable Manufacturing Footprint

    Mattr Completes Acquisition of AmerCable, Establishing US Wire and Cable Manufacturing Footprint

    January 10, 2025 Mattr Corp. has announced that it has closed its previously announced acquisition of AmerCable Incorporated [see press release], which now forms part of Mattr’s Connection Technologies reporting segment. Under the terms of the transaction, Mattr has acquired all of the outstanding shares of AmerCable from Nexans USA Inc. for a purchase price… Read More…