Current by GE Rolls Out Nationwide Energy Savings Program with Morgan Stanley
April 13 2018 - 7:55AM
Business Wire
- Morgan Stanley is partnering with
Current by GE to evaluate new energy efficiency opportunities
across more than 600 Morgan Stanley Wealth Management offices
- Networked LED & digital controls
solution will help reduce lighting-related energy consumption up to
50 percent in some branches
- Managed in partnership with Hines real
estate, new turnkey program will use digital controls data and
web-based interface to provide enterprise-level energy management
& visibility
Current, powered by GE (NYSE: GE) has announced a new energy
efficiency program with Morgan Stanley (NYSE: MS). The companies
are collaborating to evaluate energy savings opportunities across
more than 600 Morgan Stanley retail branches with a turnkey LED
lighting and digital controls solution that will reduce
lighting-related energy consumption by up to 50 percent in some
branches, plus improve operational productivity and enhance the
customer experience. The program, which is being implemented in
partnership with Hines real estate management, will provide
enterprise-level visibility across Morgan Stanley’s diverse
portfolio of Wealth Management branches.
“This collaboration is a great example of a leading financial
institution and real estate management firm coming together to
reduce energy, improve operations and position themselves for the
future,” said Maryrose Sylvester, President & CEO of Current,
powered by GE. “Forward-thinking companies everywhere are realizing
the added value of combining LED technology with digital controls,
sensors and software to deliver both energy savings and operational
productivity.”
Morgan Stanley’s leadership approach to energy efficiency is
guided by a commitment to reduce energy usage by 20 percent by 2022
from a 2012 baseline. According to the Department of Energy, only
12 percent of U.S. commercial and retail buildings had transitioned
to LED lighting solutions as of 2015. Lighting represents
approximately 40 percent of energy consumption for commercial
buildings.
“Morgan Stanley is a great partner who recognizes the value of
an enterprise view,” explained Frank Marcazzo, Director of
Facilities Management at Hines, which handles Facility Management.
“Working with Current by GE, we are able to reduce energy expenses,
leaving branch managers to focus on serving customers.”
Current’s LED retrofit solution is now being deployed on a
rolling basis across Morgan Stanley’s Wealth Management offices.
Beyond LED-related energy savings, Current’s Daintree* network is
also being evaluated, and if implemented, will provide a digital
controls solution that wirelessly integrates with building sensors
and devices to manage occupancy, daylighting, scheduling,
thermostats and plug loads.
The project is expected to begin later this month and continue
in phases over the next few years.
About Current, powered by GE:Current is the digital
engine for intelligent environments. A first-of-its-kind startup
within the walls of GE (NYSE: GE), Current blends advanced energy
technologies like LED and solar with networked sensors and software
to make commercial buildings and industrial facilities more energy
efficient & productive. Backed by the power of Predix*, GE’s
platform for the Industrial Internet, and a broad ecosystem of
technology partners, Current is helping businesses and cities
unlock hidden value and realize the potential of their
environments. www.currentbyge.com
* Trademark and/or Service Mark of General Electric Company
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version on businesswire.com: https://www.businesswire.com/news/home/20180413005062/en/
Current, powered by GEKaren O’Neil,
857-265-9113karen.oneil@ge.com
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