JP Morgan Chase, Current, To Revamp Bank Branches

JPMorgan Chase + Current

JPMorgan Chase + CurrentBanking may be getting a bit greener—environmentally, if not monetarily—at 4,500 Chase bank branches across the U.S. In collaboration with Current, powered by GE, Chase is investing in new energy management and digital technologies in an effort to “advance sustainability.”

JP Morgan Chase recently announced goals to source renewable power for 100 percent of their global energy needs by 2020 and to facilitate $200 billion in clean financing by 2025.

As they pertain to energy and lighting use specifically, the new systems are forecast to cut Chase’s total energy consumption by 15 percent and lighting-related consumption by 50 percent.

This initiative represents the next step of a 2016 collaboration with Current that to date encompasses 2,500 Chase branches spanning 25 million sq ft that have been retrofitted with LED lighting. An additional 60 JP Morgan Chase corporate offices are also scheduled for LED retrofits.

Current’s AllSites application will provide enterprise-level, cloud-based visibility into energy and HVAC efficiency across thousands of retail branches through Chase’s Network Operations Center. In addition, Current will utilize an app built by Weathermatic to manage HVAC, lighting and leak detection, as well as develop on-site solar-power generation.