GE combines solar, storage and energy efficiency with startup company Current
PV Tech, October 8, 2015. Image credit: geralt
Multinational conglomerate corporation GE has announced Current, a new energy company that combines GE’s LED, solar, energy storage and electric vehicle businesses with its Predix platform to single out and provide cost-effective and efficient energy solutions to customers.
Current will get underway with over US$1 billion of revenue and plans on introducing a new energy service that includes sensor-enabled hardware, software, fulfillment, product management and financing solutions.
By utilising the Predix platform, GE will be able to examine energy consumption and inform customers with data readings and recommendations on ways to boost efficiency. These solutions are expected to help consumers save an estimated 10-20% on their energy bills, as well as help utility partners improve on ways to manage their load.