Around the globe, energy consumption is increasing and putting continued strain on the grid – not to mention our wallets. Take the fact that, according to the U.S. Energy Information Administration1 (EIA), worldwide energy consumption is expected to grow by 56% between 2010 and 2040. Meanwhile, EIA data2 shows commercial energy rates in the United States are increasing annually. This doesn’t sound sustainable, does it? The world is quickly realizing that smarter energy use is absolutely vital to success, today and tomorrow.
At GE, we see new ways to think about energy. Current, powered by GE, was created to help customers take advantage of cleaner, more efficient solutions while tapping into technology to create a digital energy infrastructure. This startup within the walls of GE meets a huge and growing need, and we are seeing validation of the move every day.
Bringing together solutions including LED, solar, electric vehicle charging, and on-site storage offers customers - from industrial manufacturers to retail chains to cities - a single partner to help strategically optimize their energy use.
Adding sensors and software to these solutions takes efficient outcomes one steps further, and allows customers to monitor and analyze energy use and environmental factors to make strategic, informed decisions. This shift toward treating energy as a service rather than a product means we are able to focus on improving outcomes first, and finding the right solutions second.
Current rang in a new era of energy this month alongside customers and partners who are leading the energy transformation from the front as part of an event at the New York Stock Exchange. Check out what JPMorgan Chase & Co., Hilton, HCA and other leaders had to say about how they are tackling energy challenges head on and preparing for the future.
The world is ready for better and more sustainable outcomes. An era where we have a pulse on our energy spend and can control our results. An era where our environment is not only efficient, it is intelligent. And our assets can learn and improve. An era where we embrace a more holistic approach to energy.
At GE, we are embracing this new era of energy. We hope you’ll join us.
1U.S. Energy Information Administration, EIA Projects World Energy Consumption Will Increase 56% by 2040
2U.S. Energy Information Administration, Short-Term Energy Outlook, February 9, 2016