Category Archives: Products: Lighting

GE’s new Current gives the Internet of Things a jolt of energy

Stacey Higginbotham, Fortune

As companies everywhere experiment with new business models enabled by the Internet of things, GE is building a brand new $1 billion energy business called Current to take its experimentation out of the lab and into the real world.

Last week Jeff Immelt, GE’s CEO hinted at Current’s creation, telling attendees at GE’s  GE  Minds + Machines conference that the conglomerate was building a new business aimed at energy efficiency that would combine LED lighting, solar and energy storage, along with GE’s Predix platform to offer customers something new.

The business is called Current and will be based in Boston. It’s headed up by Maryrose Sylvester who led GE’s LED lighting business. That whole line of commercial LED lighting folds into Current, which also will encompass some of the solar technology and battery technology that GE is working on as well.

http://fortune.com/2015/10/05/amazon-iot-cloud/

Philips moves R&D center to Cambridge, Mass. and pledges $25 million to MIT

Fortune

“The old headquarters were founded very much on this older philosophy of R&D where you needed to be in a quiet place for research and then you handed your ideas to the business for commercialization,” said Henk van Houten, executive vice president & general manager, Philips Research.

But now that philosophy has changed and R&D must be more integrated with the business, as well as with startups and other potential partners in big businesses and academia. Given that Philips will focus on lighting and healthcare technology for its R&D, Boston makes a considerable amount of sense, especially on the health side. There are plenty of academics who can parse data as well as research hospitals willing to explore how the combination of sensors, connected technology, and predictive algorithms can come together to help deliver better patient care, especially in the home.

http://fortune.com/2015/05/19/philips-rd-mit/