When General Electric unveiled plans to base its new Current division in Greater Boston back in October, it was unclear where in the region Current would set up shop.
Now we know the answer, at least for the short term: Current, led by longtime GE exec Maryrose Sylvester, has opened at the WeWork co-working space at 745 Atlantic Ave. near South Station in Boston. Sylvester said she expects to have about 20 employees there within the next two weeks, and possibly as many as 40 by the time Current’s existing lease is up at WeWork in six months. Sylvester is filling these jobs through a mix of relocations and new hires.
The Current division includes a number of energy-related businesses, and its primary goal is to help GE’s industrial and commercial customers achieve energy savings using a broad range of tools, including solar panels and energy-efficient LED lighting.
Current’s inception in Boston, of course, has been overshadowed by even bigger GE news: the decision last month by the parent company to relocate its corporate headquarters from Fairfield, Conn., to Boston. A number of top executives will make the move from Fairfield to South Boston’s Fort Point section by this summer, but the final location for the permanent headquarters hasn’t been picked.
Current is expected to eventually join the permanent corporate headquarters after it opens, something that’s expected to happen by 2018. As many as 200 Current employees could be working in Boston by that point.