Current, powered by GE
Current, powered by GE, is a digital power service that integrates GE's LED, Solar, Energy Storage and Electric Vehicle businesses with its industrial-strength Predix platform. By combining GE's products and services with digital and analytical capabilities, Current can provide more holistic energy solutions.
Through Predix, GE will analyze energy consumption and help customers save an estimated 10-20 percent on energy bills by reducing power levels, generating power on-site and creating new revenue streams through the use of sensors and networked systems in buildings.
History[edit]
Current began in October 2015 with more than $1 billion of revenue with an energy-as-a-serv ice offering that includes sensor-enabled hardware, software, fulfillment, product management, and financing solutions.
Location[edit]
Current, powered by GE is located at 745 Atlantic Avenue in Boston, Massachusetts with an additional presence in Silicon Valley.
Management[edit]
Current, powered by GE is headed up by Maryrose Sylvester, who led GE's lighting business, a $3 billion enterprise, since 2011. Together with her leadership team of inventors, technologists, and specialists, she will scale Current from a $1 billion startup to a $5 billion business by 2020.[1]
Current events[edit]
World's largest LED installation[edit]
Current, powered by GE is installing LED lighting across most of the U.S. branches of JPMorgan Chase & Co, potentially spanning 25 million square feet across roughly 5,000 branches.[2]
Solar to save $70 million[edit]
Solar solutions from Current, powered by GE, being installed in 2016 at 18 GE sites in 12 states and Puerto Rico will produce more than 614 million kilowatt hours of energy and deliver roughly $70 million in energy and operating savings over the next 20 years.[3]
Making idle buildings intelligent[edit]
To expand its building automation platform and its energy-as-a-service offering to small- and medium-size facilities, Current, powered by GE, recently acquired Daintree Networks, an industrial internet provider of building controls solutions for commercial facilities.[4]
References[edit]
- ↑ "GE Introduces Startup Current to Transform Energy Sector". Current, powered by GE. Retrieved 2016-05-31.
- ↑ "JPMorgan Chase & Current, powered by GE Collaborate on World's Largest LED Installation". hub.currentbyge.com. Retrieved 2016-05-31.
- ↑ "GE Puts Solar to Work, Shaving $70 Million in Energy and Operating Expenses". hub.currentbyge.com. Retrieved 2016-05-31.
- ↑ "Current, powered by GE Acquires Daintree Networks to Transform Buildings from Idle to Intelligent". Current, powered by GE. Retrieved 2016-05-31.
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