Energy Efficiency is Key for New General Electric Company

Energy Efficiency is Key for New General Electric Company

Energy efficiency is certainly a hot topic in the homebuilding circle, and finding ways to cut down significantly on energy usage and bills in the home is just as important.

General Electric hopes to help in this department. The company has just merged its LED lighting, solar, energy storage and electric vehicle businesses into a singular new company called Current.

Current will be helmed by CEO and president of General Electric lighting, Maryrose Sylvester. It will center on energy efficiency solutions using GE’s Predix data analytics platform.

RELATED: Let’s Talk Energy Efficiency!

Starting off with more than $1 billion in revenue, Current will provide energy as a service. It will utilize sensors, software and product management to navigate the best solutions related to energy efficiency in the home.

Through the Predix analytics platform, Current will analyze energy consumption and detect patterns to make recommendations for increased energy efficiency.

With Current, General Electric aims to help customers save an estimated 10 to 20 percent on energy bills. With this type of energy efficiency, builders should certainly pay attention.

Some key customers already on board with Current include Walgreens, Simon Property Group, Hilton Worldwide, JPMorgan Chase, Hospital Corporation of America (HCA), Intel and Trane, a brand of Ingersoll Rand.

About The Author

Greg Vellante is a staff writer and multimedia specialist at TecHome Builder, as well as a content coordinator for AE Ventures events. He has over a decade of experience writing for various publications on topics that range from cinema to editorials to home technology. His favorite technologies fall into the A/V and home entertainment realm, and he’s keeping a close eye on the rising trends in robotics and virtual/augmented reality. Greg resides in Boston, holds a degree in Media Studies from Emerson College and pursues screenwriting/filmmaking in his free time.

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