GE announced that it has completed the sales of Current, powered by GE business unit to American Industrial Partners (AIP), following the agreement signed in November 6, 2018. Current, powered by GE was established by GE in 2015 as a startup subsidiary offering smart lighting and control services through the integration of LED technology, networked sensors and software. The business delivers energy savings and operational productivity for its customers, which include commercial offices, retail stores, industrial facilities and cities. Under a long-term licensing agre...

Earlier in this week, General Electric dropped a bombshell while announcing its financial results and business outlooks for the next two years. The company cut its dividend in half and planned to strategically downsize its business by narrowing its focus on three key sectors.

Today Current, powered by GE announced it is partnering with Sainsbury’s to make it the first grocery retailer in the U.K. to power all its supermarkets entirely by LED lighting.