Walmart Continues Retail Energy Efficiency Leadership with 1.5 Million LED Fixtures Now Installed Across Global Fleet of Stores, Clubs, Offices and Distribution Centers

Current by GE Has Reduced the Retailer’s Costs by More Than $100
Million Dollars in Energy Savings

NEW YORK–(BUSINESS WIRE)–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.

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

Contacts

Current
Karen O’Neil, 857-265-9113
[email protected]