GE’s Current Acquires Daintree Networks
Current, powered by GE, has acquired Daintree Networks, an industrial internet provider of building controls solutions for commercial facilities. The acquisition will enable Current to expand its building automation platform and energy-as-a-service offering to small- and medium-size facilities through the deployment of Daintree’s open, standards-based wireless control systems.
Today, 90% of the world’s small- to mid-sized buildings do not have building automation systems, notes Current. Integrating Daintree Networks’ open-standard networked wireless control solution, ControlScope, into Current’s building automation portfolio creates the opportunity to link data from lighting and HVAC systems directly to Predix, GE’s Industrial Internet software platform, allowing customers to analyze their energy consumption and identify data patterns to increase efficiency and reduce power levels.
Fortune 500 and mid-size enterprises across North America, including Universal Music Group, the Salk Institute, and National Bank of Arizona, use Daintree technology to manage over one million lights, thermostats, and sensors in office, retail and industrial locations, delivering monthly lighting and HVAC energy cost savings of up to 60%.
“By combining Daintree’s open-standard control and sensing technology with GE’s Predix platform, Current’s building automation platform and its energy-as-a-service offerings, we’ll deliver the industry’s first next-generation, scalable cloud-based energy management and facilities optimization platform for every building type and size,” says Maryrose Sylvester, President and CEO of Current, powered by GE. “Our combined strengths will help customers, big or small, achieve a reduced carbon footprint and increased energy savings, and provide a solution for ecosystem partners to grow.”
This acquisition brings to Current an extensive ecosystem of value-added resellers, system integrators and device partners with long-standing experience in helping enterprises deploy and optimize ControlScope in commercial, retail and industrial environments. Built to established open protocol standards, Daintree’s ControlScope technology can be deployed wirelessly and securely in almost any enterprise and ensure interoperability between products offered by multiple device vendors.
The acquisition comes just six months after the formation of Current, an energy start-up within GE that integrates GE’s LED and onsite power businesses with GE’s industrial strength Predix platform. GE’s Predix platform is open, flexible, and securely connects multiple third party devices and assets to the industrial Internet.
