RISE OF THE CURRENT
GE is strengthening operations of its new energy start-up Current in the Middle East region with the goal of supporting its partners to scale up energy efficiency and diversifying the energy mix. To drive the operations, GE has announced the appointment of Peter Lau as the Chief Executive Officer for Europe and the Middle East of Current. Current will enable intelligent environments where lighting is networked with sensors that capture usage and energy consumption data to dynamically improve productivity. It will also drive grid reliability and resiliency for utilities with solutions to meet the future challenges created by an increasingly distributed electric grid. Lau will steer Current toward new efficient energy models that address customersí goals today and in the future. He said: “Current brings the union of energy-efficient hardware and software to market in a way that will change the face of energy provision forever.” Current is backed by GE's balance sheet and financing expertise, and committed to successfully advancing Ecomagination-certified technology solutions, new business models and Predix solutions for the energy sector.