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GE, Best Buy Partner On Energy Management

6/23/2011 11:02:11 AM Eastern
Louisville, Ky. - GE and Best Buy are collaborating on a series of energy-management systems and products for the home.

Beginning early next year in select stores, Best Buy will begin selling GE's first smart appliances, which can vary their operation based on real-time electricity costs, and the manufacturer's Nucleus Energy Manager, a $149 communication and data-storage device that provides consumers with information about their household electricity use and costs.

Best Buy will also begin carrying GE's Energy Smart line of LED light bulbs later this year in select stores, and will work with the manufacturer to fast-track two GE-supported technologies -- a VPhase home energy control device and a Suntulit air conditioning control system -- for retail testing in the future.

The technologies are being developed under a $200 million GE Ecomagination Challenge program of investments and commercial partnerships funded by GE and several venture capital firms.

 "At Best Buy, we are committed to bringing new technologies to market, and we praise GE's Challenge as a groundbreaking way to accelerate new energy technologies to the marketplace," said Neil McPhail, senior VP of the retailer's new business customer solutions group. "We look forward to working with GE and the Challenge winners to bring the latest technologies to consumers and encourage consumers to use technology in ways that help them save money and live more efficiently."
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