The panels are the result of a development effort between GE and OpenPeak, Inc., a leading communications technology developer. The device looks like a tabletop picture frame and can be placed virtually anywhere within a home. The panels are available to consumers through their utilities today. Functionality is dependent on the utility’s selection of applications.

With information from GE smart meters combined with dynamic pricing programs* from utilities , the panel will tell consumers the best times to perform high-energy-consumption tasks, such as drying clothes, running pool pumps and washing dishes. The panels even will be able to be programmed to control smart appliances, thermostats and heating and cooling devices—reacting to pricing and demand changes instantly. Over time, the device will act as an energy consultant, trending data and making recommendations to better manage energy use.

“Information is power. Give consumers more information about their energy usage and they’ll find ways to make better decisions,” said Bob Gilligan, vice president—transmission and distribution for GE Energy. “As part of our smart grid suite of offerings, the panels will empower consumers to better manage their energy usage based on real-time information. The panels will connect consumers with the knowledge they need to be better energy stewards and take charge of their energy use and carbon footprint.”

In addition to energy management, GE’s smart panels also will connect with Internet news, sports, music, weather services, social networks like facebook® and instant messaging. This multi-functionality helps make the panels a focal point for household information.

“Combining other useful information and entertainment applications with energy management information increases the frequency of consumer interactions with the device,” said Dan Gittleman, CEO of OpenPeak. “And frequent consumer engagement means a greater number of opportunities to communicate important energy consumption and conservation information.”

Consumers who opt in to the social networking aspect of the panel will be able to compare their consumption to neighborhood and city averages, seeing how they stack up against like households. Those comparisons may inspire increased conservation and modified behavior for some homes.

Through industry collaborations, GE will deliver one of the broadest portfolio offerings of carbon-smart technologies in the industry to modernize electrical systems from the power plant to the consumer. From smarter appliances and technologies for plug-in hybrid vehicles, to providing renewable technologies and smart meters, GE’s innovation and leadership is delivering integrated, large-scale smart grid deployments, leveraging technology synergies and delivering results. www.itsyoursmartgrid.com.

*Dynamic pricing and time of use (TOU) programs provide for variable pricing of energy based on the time of day. Dynamic pricing and TOU programs are provided by the utility and may or may not be available in your area. Availability of dynamic pricing programs in a particular market is dependent upon the utility serving that market.

About GE

GE is a diversified global infrastructure, finance and media company that's built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With 60,000 global employees and 2008 revenues of $38.6 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy - GE Power & Water, GE Energy Services and GE Oil & Gas - work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.

For more information, visit the company’s Web site at www.ge.com GE is imagination at work.

For more information, contact:

Britton Cronin
GE
+ 1 972 701 5452
[email protected]