Current, Powered by GE and JPMorgan Chase Launch Energy Efficiency & Sustainability Collaboration Across 4,500 Branches

• 4,500 Chase branches will implement new energy management and digital
  technologies to cut total energy consumption by 15 percent and
  lighting-related consumption by 50 percent
• Bank is also working with GE’s Current team to pilot solar technology
  at Chase branches throughout California
• Agreement solidifies next phase of collaboration between the two
  companies, following 2016 deal marking the world’s largest LED
  installation

NEW YORK–(BUSINESS WIRE)–Current, powered by GE (NYSE:GE) today announced the second phase of an
ongoing collaboration with JPMorgan Chase to install new energy
management and digital technologies that will increase the energy
efficiency of roughly 4,500 Chase branches across the U.S., furthering
the bank’s long-term commitment to environmental sustainability.

Current’s new AllSites^* energy management system will utilize
sensors, software and lighting controls to help Chase branches reduce
electric and gas consumption by 15 percent and water from irrigation
systems by 20 percent. The bank is also working with Current to pilot an
installation of solar panels at Chase branches in California, with plans
to introduce solar technology to thousands of other locations.

This deal represents the next step of a 2016 collaboration
on the world’s largest LED lighting installation. To date, 2,500
branches have been retrofitted with LED lighting, helping to cut Chase’s
lighting energy consumption by 50 percent, or the equivalent of taking
nearly 27,000 cars off the road. An additional 60 JPMorgan Chase
corporate offices are also scheduled for LED retrofits.

“As we think about the future of our branch and workplace, we’re always
looking for smart strategies that make our business and buildings more
sustainable,” said David Owen, Chief Administrative Officer of JPMorgan
Chase & Co. “This technology will help us run our facilities more
efficiently, reduce energy consumption and improve the experience for
our clients, customers and employees.”

Chase’s branches will incorporate a variety of new software applications
developed by Current and its digital
partner ecosystem, including apps that improve energy management and
HVAC efficiency, irrigation processes and lighting & power system
controls. The apps are powered by GE’s Predix^*
technology, the world’s first software platform for the Industrial
Internet.

“Our job is to make businesses more efficient and more productive,” said
Maryrose Sylvester, President & CEO of Current, powered by GE.
“Companies like JPMorgan Chase are showing the immense value that can be
achieved at the intersection of energy infrastructure and digital
technology, and we are excited to continue partnering to shape the
future of banking.”

Current’s new AllSites application provides enterprise-level,
cloud-based visibility into energy and HVAC efficiency across thousands
of retail branches through Chase’s Network Operations Center. And to
reduce water consumption and improve irrigation systems for outdoor
plants, Chase branches will utilize an app built by Weathermatic,
one of Current’s development partners.

“Consumers in this industry, like many others, are demanding faster,
easier and more comfortable banking experiences,” added Sylvester.
“Today we’re installing a digital network that helps Chase improve
energy usage, but the possibilities go far beyond energy—the beauty of
an open software platform is tomorrow that same network could be used to
develop apps for improving branch space utilization, teller
productivity, appointment room scheduling or dozens of other
possibilities.”

Chase’s new installation complements the bank’s ongoing commitment to
sustainability, which includes efforts to manage its buildings and
branches more efficiently. The bank is on target to reach its goal to
reduce greenhouse gas emissions 50 percent below 2005 levels by 2020 and
continues to offset 100 percent of emissions generated by employee air
travel on an annual basis. In addition to the new solar pilot, the bank
promotes renewable energy by supporting projects that bring new
renewable energy capacity to the grid.

About JPMorgan Chase:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $2.5 trillion and operations worldwide. The Firm is
a leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction processing,
and asset management. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of consumers in the United States
and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands. Information
about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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

^*Trademark and/or service mark of General Electric
Company

Contacts

For Current, powered by GE:
Nikolas Noel, 502-544-5929
[email protected]