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GE’s Current nabs industrial refrigeration deal in smart buildings push

Current might have the worst ‘About’ description we’ve encountered this year, but that didn’t stop the GE venture from securing a deal with IMS Evolve, to target the food retail sector with a new combined offering that aims to cut wastage and energy use. Broadly, the partnership combines IMS Evolve’s Industrial IoT platform with Current’s lighting and software, which are largely built on Daintree Networks, which GE acquired back in 2016. The pair say that a US regional grocer has installed the new system in 200 stores, and reports an anticipated annual saving of $1.2mn, across refrigeration, HVAC, and lighting energy costs, with 30% reductions in food spoilage, and a 25% reduction in reactive maintenance calls. The latter two figures…

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