Current, powered by GE Helps Home Depot Expand Rooftop Solar Energy to 30 East Coast Stores

• Current is building 30 onsite solar energy power plants at Home Depot
  locations in New Jersey, Connecticut, Maryland and Washington, DC
• Each store will reduce electricity grid demand by an estimated 30 to
  35 percent annually
• Select stores to collect data with digital metering and weather
  sensing technology

BOSTON–(BUSINESS WIRE)–#energy–The Home Depot has selected Current, powered by GE (NYSE:GE) to support
a significant expansion of its rooftop solar
energy program. Current partnered with Home Depot on site selection,
project implementation plans, financing and incentive capture for 20
solar installations in New Jersey, as well as 10 additional stores in
Connecticut, Maryland and Washington, DC. The 11.9 Megawatt (MW)
portfolio will deploy approximately 30,000 rooftop solar panels and
reduce electricity grid demand by an estimated 30 to 35 percent annually
at each Home Depot store.

“Our alternative energy projects are important elements of our
sustainability and operations efforts as they reduce carbon emissions
while also lowering our energy costs,” said David Hawkins, vice
president of labor and operations for The Home Depot.

The solar power installations are part of Home Depot’s renewable energy
initiative which also includes wind farms, solar farms and fuel cells
that will bring the company’s renewable energy footprint to more than
130 MW.

“Home Depot is a great partner to demonstrate the value of onsite solar
energy as a practical, affordable and important business strategy, and
drive further market adoption,” said Erik Schiemann, General Manager of
Solar at Current. “We are now beginning to leverage digital technology
to collect data that will help our customers become even more efficient.”

The Current team will add metering technology as part of the solar
installations at select Home Depot stores in each region. Digital tests
will gather data about local grid interaction and onsite plant
production, as well as detailed weather tracking sensor data. These
insights will help Home Depot optimize energy usage long term at similar
locations.

Current by GE has begun construction on the selected stores, which will
continue throughout 2017. Earlier this year, the Boston-based company
announced a number of additional solar
energy projects at businesses across the Northeast, including the
debut of a new 2.26
MW solar carport at GE’s Schenectady campus, the region’s largest
project of its kind. Solar solutions from Current are now generating
clean energy to fuel industries ranging from healthcare and retail to
manufacturing and municipalities.

About Current, powered by GE:

Current is the digital engine for intelligent environments. A
first-of-its-kind startup within the walls of GE (NYSE: GE), Current
blends advanced energy technologies like LED and solar with networked
sensors and software to make commercial buildings and industrial
facilities more energy efficient & productive. Backed by the power of
Predix*, GE’s platform for the Industrial Internet, and a broad
ecosystem of technology partners, Current is helping businesses and
cities unlock hidden value and realize the potential of their
environments. www.currentbyge.com

About GE:

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming
industry with software-defined machines and solutions that are
connected, responsive and predictive. GE is organized around a global
exchange of knowledge, the “GE Store,” through which each business
shares and accesses the same technology, markets, structure and
intellect. Each invention further fuels innovation and application
across our industrial sectors. With people, services, technology and
scale, GE delivers better outcomes for customers by speaking the
language of industry. www.ge.com

Contacts

For Current, powered by GE:
Karen Rodgers O’Neil, 857-265-9113
[email protected]