General Motors Cuts Energy Consumption and Costs with LED

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
213
General Motors Cuts Energy Consumption and Costs with LED Upgrade from Current, powered by GE Across 32 Sites

BOSTON, MA --(Marketwired - March 29, 2017) -

  • GM saving $2.3 million annually with installation of 45,000 efficient LED lighting fixtures from Current across 32 global locations
  • Combination of sensors and LED systems expected to help companies improve future productivity and better manage energy use

Two historic U.S. "generals" are joining forces to combat energy inefficiency and wasted productivity across the globe. Over the last year, General Motors installed 45,000 efficient LED lighting fixtures with motion sensors from Current, GE's digital energy startup ( NYSE : GE ). The installation includes 32 GM sites around the world and reduces lighting-related energy consumption by 60 percent, saving the company an estimated $2.3 million in annual energy costs. Current's connectivity-capable LEDs open the door to future productivity and energy management possibilities.

"We manage many energy-intensive operations as an automaker, so energy efficiency is critical and integrated into our business plan," said Al Hildreth, global energy manager, General Motors. "Current's LED lighting has helped us reduce power demand by 7 megawatts. GM will continue to pursue a variety of energy-saving technologies to achieve additional cost savings and carbon reduction."

GM is committed to reducing energy intensity 20 percent by 2020 using a 2010 baseline. To date, the company has reduced its energy 14 percent. GM uses other GE software solutions to improve inline scheduling and production monitoring, as well as data collection for existing energy systems.

Current brings together trusted GE energy solutions like LED and solar with cutting-edge sensors to optimize customers' energy use and increase business productivity. Powered by Predix* , GE's cloud-based platform for the Industrial Internet, Current's LED fixtures transform existing lighting systems into digital infrastructure.

"More and more industrial companies are realizing the huge potential to save money with energy efficient technologies," said Maryrose Sylvester, president & CEO of Current. "When a customer like GM decides to implement an LED upgrade across dozens of large facilities that are often lit around the clock, it translates into energy and cost savings that can be invested directly back into the business."

Many customers are choosing to put those cost savings toward creating intelligent environments that use digital connectivity to optimize energy efficiency and business productivity. Alongside energy retrofit projects like LED installations, Current can simultaneously attach a sensor-based digital network that gives companies additional data and valuable insights into their operations. And through the power of GE's Predix platform, both Current and its growing ecosystem of partners can develop new applications tailored to a customer's specific operational needs. Those apps all utilize that same network infrastructure and can be activated across disparate sites in large, global companies.

"We help businesses rethink the way they look at energy," said Sylvester. "Energy efficiency is a good starting point, but ultimately a company's lighting and other energy infrastructure can be a window into every fabric of its business productivity. That's what it means to have a truly intelligent environment, and that's what Current and our customers are working to achieve."

About General Motors:

General Motors Co. and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com .

About Current, powered by GE:

Current is the digital engine for intelligent environments. A first-of-its-kind startup within the walls of GE ( NYSE : GE ), Current blends advanced energy technologies like LED and solar with networked sensors and software to make commercial buildings and industrial facilities more energy efficient & productive. Backed by the power of Predix*, GE's platform for the Industrial Internet, and a broad ecosystem of technology partners, Current is helping businesses and cities unlock hidden value and realize the potential of their environments. www.currentbyge.com

About GE:

GE ( NYSE : GE ) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

*Trademark and/or Service Mark of General Electric Company

Contact Nik Noel Nikolas.noel@ge.com 502-544-5929

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Advenica: Rising Star in Secure File Transfer Market

Updated Category News Views 1

Advenica's Ascent in Secure File Transfer The cybersecurity world never sleeps, and with the rapid pace of digital threats, it's no surprise that secure file transfer solutions are becoming hotter commodities than coffee pots on Wall Street. Advenica, a name that might not ring a bell for everyone, has emerged as an 'Emerging Leader' in MarketsandMarkets' latest...

Continue Reading
KuCoin's KCUSD Tackles Stablecoin Idle Capital Problem

Updated Category News Views 1

KuCoin's Bold Move with KCUSD Folks, the cat's outta the bag with KuCoin's latest maneuver—introducing KCUSD. At first glance, it seems like they're just introducing another fancy stablecoin product, but peel the onion and there's more to it. We're talking about shaking up how stablecoins sit tight doing nada in the crypto world. KCUSD is out to make those idle balances...

Continue Reading
Europe's Largest Carbon Capture Facility Launches

Updated Category News Views 2

A New Chapter in Industrial Decarbonization Today's not just your average ribbon-cutting ceremony; it's a landmark turn in our journey toward a cleaner Europe. Yara's Sluiskil plant in the Netherlands just fired up Europe's biggest carbon capture facility, marking a crucial pivot point in industrial decarbonization. We're talking about capturing a staggering 800,000 tons...

Continue Reading
Sungrow's MGTL Series: A Game-Changer in Solar Tech

Updated Category News Views 2

Smarter Energy Systems Are Here Gone are the days when solar inverters were just clunky bits of tech you threw on a roof. Sungrow's latest MGTL Series, revealed in Da Nang, marks a revolutionary step for Southeast Asia, Africa, Latin America, and beyond. They're not just talking the talk—they're bringing real innovation to the table. Why the MGTL Series Stands Out Look,...

Continue Reading
Snack Bars Market to Hit $32.66B by 2031: Growth and Challenges

Updated Category News Views 2

Snack Bars Navigate a Transforming Market There's a headwind in the snack bars market as it looks to lift off from $21.94 billion and land at $32.66 billion by 2031. That's a solid climb at an 8.28% CAGR. What's fueling this leap? A desire for convenient, portable nutrition that's squeezing into every nook of modern life—from the gym to the car, to your kid's lunchbox....

Continue Reading
Michigan Roof Inspections: Seasonal Insights That Count

Updated Category News Views 3

Weather's Wrath and the Michigan Roof Here's the deal: Michigan doesn't mess around when it comes to weather. We're talking harsh winters with piles of snow, followed by muggy summers that toss storms like they're confetti. Keeping that roof in top shape isn't just some luxury; it’s a downright necessity. Gut-punch reality? Many ignore it until it's too late. That's...

Continue Reading
53% of European Telecom Users Eye Provider Switch

Updated Category News Views 3

Change Is Brewing in Europe's Telecom Markets Seems like Europe's telco scene is simmering. Over half of consumers in major European markets are giving their mobile providers the side-eye, ready to jump ship. That's putting the heat on operators who once banked on loyalty programs to keep their customer base intact. Diverse Loyalty Challenges Across Europe What's...

Continue Reading
Overpricing in Atlanta Luxury Real Estate: Risks & Rewards

Updated Category News Views 4

When Pricing Sends the Wrong Message Jump into the high stakes poker game of Atlanta's luxury real estate, and you'll find that pricing strategy is your make-or-break move. Jud Whitlock, a seasoned veteran over at Atlanta Fine Homes/Sotheby's International Realty, lays it all down: in this digital age, pricing too high is akin to waving a red flag at savvy buyers armed...

Continue Reading
Thermoplastic Polyimide: A $0.86 Billion Market by 2032

Updated Category News Views 1

It's not often you get hyped about a compound with a name like 'thermoplastic polyimide,' but hold your horses—this isn't just any chemical. If you're watching markets with a sharp eye, you’ll see this thing estimated at $0.56 billion in 2026, gunning for a hefty $0.86 billion by 2032. We're talking about a solid 7.4% CAGR ride here folks, according to new data from...

Continue Reading
DNOW Faces Class Action: Proxy Missteps Under Fire

Updated Category News Views 1

DNOW's Rough Patch: Investors, Beware Here's a tangled mess for you: DNOW Inc., a name that should've been cruising post-merger, now finds itself smack in the middle of a class action lawsuit. Blame it on some botched acquisition moves with MRC Global Inc. The suits claim DNOW's management may have played fast and loose with the truth during their big merger spiel. When...

Continue Reading

Top 5 Most Recently Viewed Articles

UVU Earns UNESCO Chair: A Leap into Global Education

Updated Category News Views 371

Utah Valley University Achieves UNESCO Chair Designation In a significant milestone for Utah Valley University (UVU), officials from the United Nations have announced that the university has been awarded a UNESCO Chair designation. This impressive recognition emphasizes UVU's commitment to leveraging artificial intelligence (AI) to enhance education and promote...

Continue Reading
Investors Anticipate Earnings Update from CBAK Energy Tech

Updated Category News Views 79

Insights Into CBAK Energy Tech's Upcoming Earnings Report CBAK Energy Tech (NASDAQ: CBAT) is gearing up to unveil its quarterly earnings report, generating buzz among investors and market watchers. This report, anticipated soon, holds significant implications for the company's future outlook. Expectations for Earnings Performance Analysts are predicting an earnings per...

Continue Reading
Taiwan's $5 Trillion Milestone: AI Powers Growth

Updated Category News Views 7

When Taiwan's market cap breezed past the $5 trillion barrier, it wasn't just any minor event. This milestone serves as a testament to a new phase of growth fueled by AI and semiconductors. The Taiwan Stock Exchange (TWSE) seems to be riding a wave, converting itself from a mere exchange into a global gateway unlocking capital flows to some of the most anticipated tech...

Continue Reading
SingleFile Secures $9 Million in Series A Funding for Growth

Updated Category News Views 409

SingleFile's Journey to Securing $9 Million in Funding In a significant move aimed at bolstering its operations, SingleFile, an innovator in legal and compliance technology, has successfully reached a milestone by securing $9 million in a Series A funding round. This new influx of capital brings the company’s total funding to over $24 million since its inception,...

Continue Reading
CAVA Group Analysts Predict Up to 33% Rally Ahead

Updated Category News Views 168

Analyst Anticipations for CAVA Market rumors are buzzing like a bee on espresso; CAVA Group is drawing attention like it’s the last slice of pizza at a party. Analysts are predicting an uptick close to 33%. If that plays out, you’re looking at some serious returns. But don’t just take my word for it—let’s unpack this hype with a watchful eye. Wall Street's Radar...

Continue Reading