GE's Current Bestows Utilities with Robust and Connected Energy Platform
NEW YORK CITY, NY: To satisfy today’s burgeoning need of affordable and efficient energy solutions, General Electric (GE), a developer of software oriented digital products is pitching a startup company ‘Current’ that adorns ability to integrate GE’s LED, Solar, Energy Storage and Electric Vehicle business with Predix- a cloud driven platform for data and analytics.
Founded by Thomas Alva Edison, GE manufactures solutions for electricity generation, transmission, distribution, control and utilization. Its products portfolio consists aircraft engines, power generation, water processing, security technology, medical imaging and media content.
Powered by GE’s and digital capabilities as well as ecomagination-certified technology solutions, Current will offer an optimized solution that can provide LED lighting systems, energy storage, solar and gas fired technology options, while generating power on site and reducing energy usage. Current is backed by Predix solution which provides industrial Internet apps that can analyze and transform-time operational data into insight for better and faster decision-making. Predix improves asset performance and consolidates device connectivity, data integration and management, data analytics, cloud and mobility together to optimize business processes.
“GE’s new1 Bn dollars energy business initiative is a great example of what IoT can do,” reports Stacey Higginbotham for FORTUNE.
Current is designed to provide secure and reliable electricity to cities as well as a robust, connected platform for utilities,commercial and Industrial customers. It will deliver intelligent environment with sensor-based networked lightning that can capture usage and energy consumption data, accelerating productivity. Developers can leverage Current expertise to construct clean and distributed energy infrastructure and smart cities configured with eco-friendly LED lighting systems and distributed energy infrastructure.
Current’s continuous performance monitoring functionality will allow organizations to identify opportunities for energy savings and bolsters their grid reliability and resiliency. Companies including Walgreens, Simon Property Group, Hilton Worldwide, JPMorgan Chase and Intel are piloting Current’s solutions to transform their operations and drive energy efficiency.
See Also: Energy Tech Review