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Inefficiency: Current, powered by GE Unveils Digital Energy Management
System to Optimize Customer Operations
GE’s digital energy startup introduces EMS app to transform the way enterprises of all sizes manage energy across systems
Customers including McDonald’s and Simon Property Group already using tool to analyze and optimize energy
San Francisco – November 15, 2016 – Current, powered by GE (NYSE:GE) today introduced a new digital energy management solution for commercial and industrial facilities. The new tool, which is built on Predix*, GE’s operating system for the Industrial Internet, is already being used by national customers including McDonald’s and Simon Property Group. From lighting to HVAC systems, restaurants, retailers, warehouses and commercial businesses can use the solution to see exactly where and when energy is being used in real time, while powerful software enables not only historic, but also predictive and prescriptive analytics.
“This tool is a perfect example of the optimization enabled through the power of the Industrial Internet,” said Maryrose Sylvester, President & CEO of Current, powered by GE. “Energy is one of the largest overhead costs to any business, and customers are looking for a holistic, simple way to manage energy smarter. As we integrate sensors and software across systems, businesses can transform the way they see and optimize not only their energy use, but also their operational productivity.”
Increasingly, entities are seeing the benefits of building automation and are seeking out connectivity. Current, which acquired controls provider Daintree Networks earlier this year, is integrating intelligence via infrastructure like LEDs, and its new app harnesses the power of data beyond energy savings.
Customers across a variety of industries are already realizing the energy-saving potential of this intelligent app, with pilot installations for customers already underway.
“At McDonald’s, we aspire to deliver exceptional service for both our internal and external customers. We are always interested in technologies that can improve our capabilities and operational KPIs while enhancing the customer experience,” said James Floyd, V.P.- U.S. Operations, McDonald’s Corporation. “Current’s EMS tool provides actionable analytics around energy use, but also offers insights into additional dimensions that enhance our customers experience. This intelligence provides infinite possibilities that include optimizing labor, reducing operational tension and improving overall efficiencies and effectiveness at the restaurants, all while creating sustainable, profitable growth. By benchmarking ‘Best in Class’ companies like GE and Current, we generate thinking that leads to new growth and provides us a competitive advantage in the industry.”
The new energy management software is also being piloted with Simon Property Group, a global leader in retail real estate ownership, management and development for shopping malls retail properties across the U.S.
“This connected, real-time view of how, when and where energy is being used enables our site managers to take actions to reduce and shift energy away from the grid during peak periods, saving significant monthly costs,” said Michael Romstad, Executive Vice President of Property Management for Simon Property Group. “We’ve already installed efficient solutions such as LEDs at several Simon properties, which are providing significant energy savings and significantly better lighting levels. We estimate the energy management solution will help us reduce consumption across the board at The Westchester mall [in White Plains, NY] by about 20 percent.”
The intelligent energy application was introduced during Minds + Machines, GE’s premier event for the digital industrial sector. For more information, visit www.currentbyge.com
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
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