News Update: GE Announces Nucleus, Smart Solution To Control Household Electricity Use And Costs

General Electric (NYSE:GE) unveiled Nucleus, which is an affordable, innovative communication and data storage device that provides consumers with secure information about their household electricity use and costs in order to make more informed choices about their power usage.

The Nucleus will be able to collect and store household electricity use and cost data for up to three years.

It is the first product in the company's Brillion suite of smart home energy management solutions that will help consumers control their energy use and costs.

"Currently consumers have little more than a monthly utility bill to determine what they're using and spending," said Dave McCalpin, GM, Home Energy Management. "GE's Nucleus with Brillion technology was developed to provide real-time information for more control over household energy costs and consumption. It serves as the command center for energy and cost conscious homeowners to make smarter, more informed decisions."

U.S. utilities are expected to install more than 40 million smart meters by 2012. The digital meters allow utilities to charge "time-of-use" rates for electricity throughout the day.

GE is currently trading 2.01% higher at $15.23.

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