Gen Electric (NYSE:GE)
Historical Stock Chart
3 Years : From May 2012 to May 2015
When Lake Nona pursued a vision to line its Southeast Orlando streets
with new lighting, the 7,000-acre, master-planned community needed to
match exacting aesthetic guidelines to leading-edge technology.
Community leaders found their answer in GE Lighting's Evolve™ LED
Contemporary Twin Support Post Top and Evolve
LED Roadway fixtures. Combined, the energy-saving street lighting
fixtures will consume approximately 253,000 fewer kilowatt hours (kWhs)
of electricity a year as opposed to traditional high-intensity discharge
(HID) lighting – a $27,000 utility cost reduction.
Opting for GE Lighting's Evolve(TM) LED fixtures will save Lake Nona, a master-planned community in Southeast Orlando, $27,000 in annual utility costs. (Photo: GE)
Adjacent to Orlando's international airport, Lake Nona was established
in the late 1980s and has continued to grow into the state-of-the-art
community it is today. A recent surge in development caused Lake Nona to
consider new energy-saving street lighting to match the modern
architecture and design of new businesses, medical facilities and a
residential neighborhood of 2,700 homes.
"We wanted to push our energy savings initiatives, so we made the
commitment to going 100 percent LED with our street lighting," said
Richard Levey, vice president of planning, Lake Nona. "But none of the
decorative fixtures we were being shown had the exact design aesthetic
we wanted, and we felt it was critical to install a forward-focused
lighting solution to go above and beyond in all aspects of the community
to build long-term value for our residents."
Lake Nona architects connected with GE Lighting engineers to arrive at a
decorative fixture solution that matched the community's contemporary
look and feel. The fixture uses the same energy-efficient LED technology
as other GE Evolve LED post top fixtures; the base and pole being
specially designed for Lake Nona.
More than 370 Evolve LED fixtures now illuminate Lake Nona where a
175-watt metal halide system had been originally proposed. GE's 86-watt
LED fixtures will save the community about $18,000 a year by drawing
170,000 fewer kWhs.
Orlando's local electric utility, Orlando Utilities Commission (OUC),
also helped make Lake Nona's decision easy with its OUC Convenient
Lighting Program. This program bundles pole and luminaire purchases,
installation, design, expertise, maintenance and energy costs all into
one convenient point of contact.
"The payback for us has been almost immediate—we've essentially seen
savings since day one," said Levey. "Lake Nona's unique relationship
with OUC, coupled with OUC's long and successful partnership with GE
Lighting, ensured this project would proceed flawlessly. The LED
technology is so efficient that, when paired with an energy credit also
earned from OUC, it didn't make sense not to install the new fixtures.
It was a win-win."
Throughout Lake Nona, GE's Evolve LED Contemporary Post Top fixtures
also reduced glare commonly cast onto lawns or into homes by
conventional street lighting.
"This lighting is exactly what we wanted. It fits perfectly with our
vision—it's the right scale and the right character. GE did what we
didn't think was possible—they took an idea, really a picture, from us
and turned it into a phenomenal product in record time," said Levey,
explaining Lake Nona received the first fixtures in time to satisfy the
project's aggressive timeline.
Around Lake Nona, new lighting on more heavily traveled arterial and
collector streets was also installed. GE's Evolve LED Roadway fixtures,
drawing 130 watts each, avoided a 250-watt high-pressure sodium (HPS)
fixture design, saving 83,000 kWhs annually, or nearly $9,000. The 134
fixtures feature advanced reflective optics to more efficiently aim
light where it's needed. A unique heat sink design further provides
excellent thermal management to extend LED life.
GE Evolve LED Contemporary Post Top and Roadway fixtures have helped
Lake Nona achieve its goal of creating a community both contemporary and
futuristic in nature, and this represents only 10 percent of total
project completion. In coming years, Lake Nona anticipates more than
5,000 GE outdoor LED fixtures will be installed at community education,
medical, retail, residential and recreational facilities.
LED lighting installations are just one component of a larger corporate
relationship between Lake Nona and GE. GE's ecomagination(SM) and
healthymagination solutions are being showcased in hospitals, homes and
clinics as part of Lake Nona's commitment to developing an innovative
health and sustainability community. Among GE's innovative,
energy-efficient products currently available in Lake Nona homes are
compact fluorescent (CFL) light bulbs and ENERGY STAR-qualified
appliances, including refrigeration, laundry and water heater units.
"The specific example of the LED streetlight project speaks about the
level of this kind of relationship between Lake Nona and GE," said Cody
Bunce, Associate, GE Enterprise Team. "The fact that the Lake Nona team
brought realistic ideas of what they wanted to accomplish with LED light
fixtures made their big ideas, like creating a lamp to call their own,
For more information about the GE Lighting products used in this
project, visit www.gelightingsolutions.com.
View this release in the GE
GE Lighting invents with the vigor of its founder Thomas Edison to
develop energy-efficient solutions that change the way people light
their world in commercial, industrial, municipal and residential
settings. The business employs over 17,000 people in more than 100
countries, and sells products under the Reveal® and Energy
Smart® consumer brands, and Evolve™, GTx™, Immersion™,
Infusion™, Lumination™ and Tetra® commercial brands, all
trademarks of GE. General Electric (NYSE: GE) works on things that
matter to build a world that works better. For more information, visit www.gelighting.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50389493&lang=en