Current, powered by GE Poised to Grab Chunks of Intelligent Lighting and Infrastructure Market

GE, the corporate giant, does not do things in a small way. GE’s leap into the intelligent lighting market is no exception. Just four month ago GE formed the Current powered by GE startup that integrates GE’s LED, Solar, Energy Storage and Electric Vehicle businesses with GE’s software platform, Predix.

Current, powered by GE, reported that it signed a deal to install LED lighting across most of JPMorgan Chase’s U.S. branches. The contract potentially spans 25 million square feet across roughly 5,000 branches. According to Current, the project is the world’s largest single-order (indoor) LED installation to date. Current estimates that, once completed, the project could reduce the Chase branches’ lighting-related energy consumption by more than 50 percent. This reduction is equivalent to taking nearly 27,000 cars off the road.

“We are always looking for better ways to manage our branches in an efficient and sustainable manner,” said Barry Sommers, CEO of Chase Consumer Banking. “This helps us deliver on that goal by reducing the energy we use in the communities we serve.”

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“LED commercial usage is anticipated to grow from 28 percent today to 95 percent by 2025, unlocking tremendous value for our customers to reduce energy cost and complexity in commercial enterprises,” said Maryrose Sylvester, President and CEO of Current. “Chase understands this shift and is a frontrunner in leading the transformative change in distributed energy by leveraging LEDs to optimize energy efficiency.”

Leaders from Chase and Current rang the closing bell of the New York Stock Exchange on February 18 to celebrate the project alongside six additional companies working with Current on projects for energy-savings, including Hilton Worldwide and Hospital Corporation of America (HCA).

Current also reported an intended agreement with Capgemini to harness the creativity of more than 200 developers on its Predix software, which opened for general availability this week. The developers intend to focus on creating software solutions that help commercial and industrial customers reduce power consumption, generate power onsite, and drive new revenue streams through the use of networked systems and sensors in buildings and cities.

With help from its partnership with Intel, current intends to take on the market for intelligent infrastructure within cities. Current’s intelligent streetlamps will use the Intel® IoT Platform, an edge to cloud reference architecture with hardware and software building blocks from Intel. The Intel products will quickly process large and evolving data loads with the reliability and flexibility that cities today demand.

“Populations in cities around the world are growing exponentially, and forward-looking municipal leaders are turning to digital technologies to improve the economic and environmental health of their cities,” said Sylvester. “Through our collaboration with Intel we will accelerate the development of intelligent technologies to help cities pull and access data in ways they haven’t before to solve challenges and create new opportunities for both city workers and residents.”

AT&T and ShotSpotter and other companies have been partnering with Current in the intelligent cities market.

Current is reportedly tapping into the global development community to create the industrial app economy for intelligent buildings and cities. So far, the developers have submitted more than 100 sensor and application ideas from 13 countries for its intelligent LED lighting as part of a one-week idea generation challenge with TopCoder. The contest sought ideas that combine lighting hardware, sensors and a personalized user experience in various intelligent environments, such as retail, and commercial offices.

Current chose the winning ideas for potential development, including an enterprise-level conference room management app that can instantly reserve meeting space based on an individual’s indoor location and calendar commitments; a retail app that alerts customers to clothing options based on cost, body type, and size availability; and an event app that enables sports enthusiasts to instantly identify available parking choices, receive alerts about public transportation options based on traffic patterns, suggest food and drink vendors in proximity to seat location at a venue, and more.