Current Lighting Solutions, LLC (formerly Current, powered by GE and GE Current, a Daintree company), trading as Current, is a company that sells energy management systems. It is headquartered in

Cleveland Cleveland ( ), officially the City of Cleveland, is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located in the northeastern part of the state, it is situated along the southern shore of Lake Erie, across the U.S. ...

, U.S. The company CEO is Manish Bhandari, who was previously the group president at Emerson for discrete & industrial portfolio of businesses.

History

Current was established by

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...

on October 7, 2015, as a startup subsidiary. It began with more than $1 billion of revenue with the expectation to grow the business to a $5 billion business by 2020. On April 21, 2016, Current acquired the building automation company Daintree Networks for $77 million. The plan is to combine Daintree's open-standard

wireless network A wireless network is a computer network that uses wireless data connections between network nodes. Wireless networking is a method by which homes, telecommunications networks and business installations avoid the costly process of introducing c ...

with GE's open source platform Predix to offer a new energy management system to businesses. On 6 November 2018, GE announced that it would sell Current to the US private equity firm

American Industrial Partners American Industrial Partners is an American private equity partnership. It invests in industrial businesses in the United States and Canada. It was founded in 1988 by Theodore Rogers and Richard Bingham. It has offices in New York City; the manag ...

. Under the terms of the sale, AIP will maintain use of the GE brand. The deal was concluded in April 2019. On 20 June 2022, the company announced that it would rebrand from GE Current to Current Lighting Solutions following the acquisition of Hubbell’s Commercial & Industrial (C&I) Lighting business.

Projects

Current announced working with seven global companies, including

Hilton Hilton or Hylton may refer to: Companies * Hilton Worldwide Holdings, Inc., a global hospitality company based in the United States that owns several hotel chains and subsidiary companies containing the Hilton name ** Hilton Hotels & Resorts, fla ...

Simon Properties Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/ lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indi ...

, and the City of

San Diego San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the List of United States cities by population, eigh ...

. The company has also partnered with other such companies as

AT&T AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...

Intel Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 seri ...

, and

Qualcomm Qualcomm () is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4 ...

. It also within the first 5 months secured the world's largest LED installation with

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the ...

. Under the deal, Current will replace 1.4 million existing lights at 5,000 of JPMorgan Chase's bank branches with

LED lighting An LED lamp or LED light bulb is an electric light that produces light using light-emitting diodes (LEDs). LED lamps are significantly more energy-efficient than equivalent incandescent lamps and can be significantly more efficient than mos ...

. The replacement is expected to reduce the lighting-related energy used at these branches by 50 percent. For the

2016 Summer Olympics The 2016 Summer Olympics ( pt, Jogos Olímpicos de Verão de 2016), officially the Games of the XXXI Olympiad ( pt, Jogos da XXXI Olimpíada) and also known as Rio 2016, was an international multi-sport event held from 5 to 21 August 20 ...

Rio de Janeiro Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the state of the same name, Brazil's third-most populous state, and the second-most populous city in Brazil, after São Paulo. Listed by the GaWC as a b ...

, Current provided 200,000 energy-efficient lights at more than 40 Olympic venues (over 46 million square feet in total), reducing 50 percent of the energy costs.

References

External links

* {{Authority control Engineering companies of the United States Former General Electric subsidiaries Technology companies based in the Boston area American companies established in 2015 2015 establishments in Massachusetts 2019 mergers and acquisitions