Welcome to our dedicated page for Schneider Electric S.E. news (Ticker: $SBGSF), a resource for investors and traders seeking the latest updates and insights on Schneider Electric S.E. stock.
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Schneider Electric and Capgemini have launched the Energy Command Center, an innovative platform to help companies manage and optimize their energy use. This collaboration aims to accelerate the journey towards smarter and greener energy management. The platform integrates advanced AI, machine learning, and IoT technologies to monitor and optimize energy assets across various operations, including data centers and critical environments. Tested since 2022 in Capgemini's Indian campuses, the platform has achieved a 29% reduction in energy consumption in 2023 compared to 2019. This initiative supports their goal of achieving energy efficiency and a net-zero future.
Schneider Electric has launched 'SpecLive Collaborate,' a pioneering platform designed to modernize and streamline the product specification process for architectural, engineering, and construction professionals.
Developed with RIB Software, this cloud-based workspace offers real-time access to technical product data, reducing coordination gaps and enhancing collaboration. The tool provides specifiers with accurate, up-to-date information, improving project transparency and efficiency without requiring new workflows.
Available via the MySchneider portal, SpecLive Collaborate is free for users enrolled in the program.
Schneider Electric announced a collaboration with Crux to purchase Section 45X Advanced Manufacturing Production Tax Credits from Silfab Solar. This purchase provides additional capital for Silfab Solar to expand their US solar PV module manufacturing. The collaboration aims to leverage the Inflation Reduction Act's tax credit transfer provisions to enhance renewable energy infrastructure and support sustainability efforts. Crux facilitated the transaction through its transferable tax credit ecosystem. This move is part of Schneider's broader strategy to assist clients in accessing tax credits while mitigating buyer risk. The tax credit market is expected to grow significantly, estimated at $7-9 billion in its first year.
