Walmart Continues Retail Energy Efficiency Leadership with 1.5 Million LED Fixtures Now Installed Across Global Fleet of Stor...
January 16 2018 - 6:55AM
Business Wire
Current by GE Has Reduced the Retailer’s
Costs by More Than $100 Million Dollars in Energy Savings
Walmart (NYSE:WMT), the world’s largest retailer, announced
results of an extensive lighting program with Current, powered by
GE (NYSE:GE) at the National Retail Federation’s Big Show. As part
of an ongoing commitment to energy efficiency, Walmart has now
installed more than 1.5 million LED (light emitting diode) fixtures
across more than 6,000 stores, parking lots, distribution centers
and corporate offices in ten countries.
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Walmart in-store LED (Photo: Business
Wire)
With energy costs traditionally representing one of the
company’s largest operating expenses, the monumental energy
initiative over the past decade has reduced lighting energy
consumption and reduced costs by more than $100 million.
“Energy is one of the key operating expenses that we can reduce
while delivering system upgrades that improve the customer shopping
experience,” explained Mark Vanderhelm, Walmart’s Vice President of
Energy. “The ripple effect from these LED conversions throughout
the business is truly staggering. We believe that by continuing to
reduce one of our biggest operating expenses, we’re supporting
future innovation and delivering on our promise of Every Day Low
Prices.”
The LED commercial lighting initiative between Walmart and GE
started 10 years ago with refrigeration display lighting and has
grown to include parking lot and interior lighting. Many stores now
also feature Current’s TriGain* technology, which is engineered to
improve product visibility and enhance color vibrancy in areas like
produce departments. Walmart is also moving aggressively to
complete LED and controls retrofits in 100 percent of its
distribution centers in the U.S., along with a new initiative to
replace all other forms of overhead lighting with LED.
“Walmart is setting a great example for the retail industry to
follow,” said Maryrose Sylvester, President and CEO of Current by
GE. “We believe the global LED and controls transformation is
paving the way for the next generation of smart retail, where
steady advancement toward new digital solutions will continue
improving the shopping experience. Walmart is once again on the
leading edge of progress.”
Walmart’s investment in energy efficiency has reduced energy use
per square foot by more than 12 percent since 2010. Its LED
investments are part of Walmart’s science-based emissions reduction
plan aimed at meeting its goal to reduce emissions 18 percent by
2025 (from 2015 levels) in its own operations through a combination
of increased energy efficiency, sourcing of renewable energy and
improvements in refrigeration systems and fleet efficiency.
About Walmart
Wal-Mart Stores, Inc. (NYSE:WMT) helps people around the world
save money and live better - anytime and anywhere - in retail
stores, online, and through their mobile devices. The
company’s legal name will become Walmart Inc., effective on Feb. 1,
2018, to reflect its growing status as an omni-channel retailer.
Each week, over 260 million customers and members visit our more
than 11,600 stores under nearly 60 banners in 28 countries and
eCommerce websites. With fiscal year 2017 revenue of $485.9
billion, Walmart employs approximately 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability,
corporate philanthropy and employment opportunity. Additional
information about Walmart can be found by visiting
http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
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
* Trademark and/or Service Mark of General Electric Company
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version on businesswire.com: http://www.businesswire.com/news/home/20180116005743/en/
CurrentKaren O’Neil, 857-265-9113karen.oneil@ge.com
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