Arab Today, arab today ge launches energy efficiency subsidiary
Last Updated : GMT 15:10:36
Arab Today, arab today
Arab Today, arab today

GE launches energy efficiency subsidiary

Arab Today, arab today

Arab Today, arab today GE launches energy efficiency subsidiary

Jeff Immelt, chairman and CEO of GE
New York - AFP

General Electric has reshuffled several energy management and research operations into a new subsidiary called "Current" aimed at new energy technologies, the company announced Wednesday.

The new unit, which integrates lighting, solar, energy storage and electrical businesses, will work with clients to analyze energy use and provide suggestions on boosting efficiency.

"It will bring to market a holistic energy-as-a-service offering absent from industry today that includes sensor-enabled hardware, software, fulfillment, product management and financing solutions," GE said.

GE chief executive Jeff Immelt said the new unit combines GE products and services in onsite power, energy storage and digital to "provide customers -- hospitals, universities, retail stores and cities -- with more profitable energy solutions."

GE listed several large companies that have signed on with Current, including Walgreen, JPMorgan Chase, Simon Property Group and Hospital Corporation of America.

Current will be headquartered in the Boston area, with additional staff in Silicon Valley, California, and led by GE Lighting president Maryrose Sylvester. GE expects to add about 200 new jobs focused on software and energy management over the next few years.

The company will start with revenues of more than $1 billion. Its creation comes as GE radically scales back its financing business to focus on industrial operations.

Separately, Standard & Poor's revised its debt rating outlook on GE to "negative" from "stable" following news that activist fund Trian had acquired a $2.5 billion stake in the industrial giant.

The shift reflects that GE "could adopt a less conservative financial policy" that could involve acquisitions or share repurchases that require it to increase its debt, S&P said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ge launches energy efficiency subsidiary Arab Today, arab today ge launches energy efficiency subsidiary

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday