GE Lighting, a division of General Electric Company (GE - Analyst Report) and Trane, a brand of Ingersoll Rand (IR - Analyst Report) , have recently collaborated to bring a world class facility that allows building owners to use advanced and centralized facilities to control energy costs in commercial buildings. Building owners and managers can now control costs for heating, ventilation and air conditioning (HVAC) and lighting by using this facility.
GE Lighting has integrated its LightSweep Modular Lighting Control Solution into Trane Tracer’s centralized building automation system (BAS) to provide users with this advanced cost-control device.
LightSweep solution comprises relay panels, field devices and software. Some of its energy-saving features are simple switching, ability to use timers for on/off schedule for indoor and outdoor lighting systems and ability to sense the occupancy of a given space.
LightSweep solutions are very user-friendly and diverse users from small offices to large global retail outlets can upgrade their lighting systems to control lighting costs locally.
Trane is a global provider of HVAC systems and uses its high-performing Tracer BAS to provide maximum operational and energy efficiency for building systems. The system can be easily accessed and operated from smartphones to laptops.
The combination proves to be much more efficacious, than when used separately. Building owners and managers can now use this single, user-friendly system to scrutinize and control the two largest energy consuming components for commercial buildings, namely HVAC and lighting.
Using this software, managers can now monitor their office space (offices that use sensors) from a remote place through a web browser to determine the frequency of use. This in turn helps professionals decide whether the office premises need expansion or is currently efficiently utilized.
GE Lighting is a sub-division of The Home & Business Solutions segment of General Electric. General Electric is one of the most diversified technologies and financial service corporations in the world. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital.
Ingersoll-Rand designs, manufactures, sells and services a range of industrial and commercial products across the globe.
General Electric currently holds a Zacks Rank #3 (Hold), while Ingersoll-Rand carries a Zacks Rank #2 (Buy). Some of the other players in the industry in which GE operates are Honeywell International Inc. (HON - Analyst Report) and Macquarie Infrastructure Co. LLC (MIC - Snapshot Report) , each carrying a Zacks Rank #2 (Buy)