The Most Important Light Bulb Deal in the World

Last month, JPMorgan Chase announced a deal with Current, a newly formed unit of General Electric, under which Current will plan, manage, and help finance the installation of 1.4 million superefficient light-emitting diodes at some 5,000 of the bank’s branches over the next two years. “It’s the largest rollout for an LED retrofit,” Jaime Irick, the chief commercial officer of Current, told me. The deal could help cut the branches’ lighting-related energy costs in half.