Current Lighting Solutions
| Company type | Private |
|---|---|
| Industry | Energy management systems, Lighting |
| Founded | October 7, 2015 |
| Founder | General Electric |
| Headquarters | Greenville , United States |
Key people | Steve Harris (CEO) |
| Products | Energy management systems, Lighting solutions |
| Parent | American Industrial Partners |
Current Lighting Solutions, LLC—previously known as “Current, powered by GE” and “GE Current, a Daintree company”—operates globally as a provider of energy management systems and is based in Greenville, South Carolina. On May 30, 2023, Steve Harris took over the role of CEO, following the interim leadership of Bill Tolley.
History
Established on October 7, 2015, by General Electric, Current began as a startup subsidiary. It initially generated revenues exceeding $1 billion and set an ambitious target to achieve $5 billion by the year 2020.
On April 21, 2016, Current expanded its capabilities by acquiring the building automation company Daintree Networks for $77 million. This acquisition aimed to combine Daintree’s wireless networking technology with GE’s Predix platform to strengthen its energy management solutions.
In a strategic move announced on November 6, 2018, GE agreed to sell Current to private equity firm American Industrial Partners, which maintained the right to use the GE brand name. The deal was finalized in April 2019.
Following its purchase of Hubbell’s Commercial & Industrial Lighting division, Current underwent a rebranding on June 20, 2022, transitioning from GE Current to Current Lighting Solutions. The company now distributes Hubbell’s HLI Brands through CurrentLighting.com and markets GE Current’s GLI Brands via LED.com.
Projects
Current collaborates with a network of seven international corporations, including notable names such as Hilton, Simon Properties, and the municipal government of San Diego. Additionally, partnerships extend to leading technology companies like AT&T, Intel, and Qualcomm.
Within just five months of operation, Current completed what became the largest LED retrofit worldwide with JPMorgan Chase, upgrading lighting in 5,000 branches by replacing 1.4 million fixtures. This initiative is expected to reduce energy consumption related to lighting by half.
For the 2016 Summer Olympics held in Rio de Janeiro, Current provided approximately 200,000 energy-saving light fixtures across over 40 venues covering more than 46 million square feet. This installation contributed to cutting energy expenses by 50%.