Schneider Electric S A Stock Price, News & Analysis

Schneider Electric has released new analysis highlighting the critical role of U.S. industry in safeguarding the country's freshwater reserves. The research, announced at WEFTEC 2024, reveals that 38% of U.S. states are already facing 'medium to high' or 'extremely high' water stress in 2024, with water stress expected to increase in 40 out of 50 states by 2050.

The energy sector has the largest freshwater withdrawals, using nearly 52 billion gallons of water daily. Other significant users include Chemical & Pharma, Pulp & Paper, Food & Beverage, Mining, Semiconductor, and Data Centers. By 2050, daily water withdrawals are expected to increase in several industries.

Schneider Electric emphasizes that industry can increase water efficiency by up to 40% through automation and digital technologies. The company offers solutions to help industrial customers reduce water usage through chemical usage optimization, enhanced data visibility, energy efficiency, and predictive maintenance.

Schneider Electric has launched a Building Decarbonization Calculator, an online tool that helps building owners and operators evaluate and prioritize retrofit scenarios for reducing carbon emissions. The calculator utilizes nearly 500,000 building performance models to simulate data across various building types, sizes, and locations. It allows users to assess the carbon and financial return on investment of Energy and Carbon Conservation Measures (ECCMs) and compare decarbonization pathways to regulatory standards.

The tool offers rapid assessments, ROI calculations for upfront expenses, support for regulatory compliance, prioritization of retrofit actions, and scalable functionality. A recent analysis of a large office retrofit project in Boston using the calculator estimated $3.7 million in energy savings and $1 million in avoided fines over the next decade, with a seven-year return on investment.

Schneider Electric, a leader in energy management and automation, is actively participating in Climate Week NYC 2024. The company plans to unveil significant decarbonization initiatives and share insights on the urgent need for progress in meeting global renewable energy and efficiency goals. Schneider Electric advocates for a holistic approach to sustainability, emphasizing the importance of electrification, digitalization, and cross-industry collaboration.

During the event, Schneider Electric will showcase how artificial intelligence can drive sustainability without compromising business goals. The company will also highlight the importance of tax credit transfer agreements enabled by the Inflation Reduction Act. Additionally, Schneider Electric's Sustainability Research Institute will present a new study on sustainable practices in building design and material selection, demonstrating significant reductions in environmental impact through strategic design choices.

Schneider Electric executives will participate in various events throughout Climate Week, discussing topics such as accelerating impact in the new energy era, climate trends, and transformative innovation in sustainability.

Schneider Electric announced new Tax Credit Transfer (TCT) agreements facilitated for Kimberly-Clark to advance grid resiliency and support America's clean energy transition. Kimberly-Clark will fund four new battery energy storage projects in Texas, USA, demonstrating its commitment to decarbonization and renewable energy solutions. The TCT deals include:

• $82.5M for a 180 MW battery energy storage facility
• $68M for a 100 MW battery energy storage facility
• $55M for a 100 MW battery energy storage project
• $32M for a 100MW battery energy storage facility

These projects align with Kimberly-Clark's goals to reduce absolute GHG emissions by 50% by 2030 and progress towards 100% renewable electricity in North America by 2030. The company's current vPPAs produce clean power from wind in Texas, making up 40% of its total electricity use by U.S. operations in renewable energy.

Schneider Electric Foundation is celebrating its 25th anniversary with the '25 Years Young' campaign, launching a global call for contributions to support innovative youth projects. The initiative, titled 'Youth Innovation For A Sustainable Future', aims to select 25 impactful projects across five continents, focusing on professional engagement and fair transition. The winning project will receive a 50,000-euro prize at the COP29 climate summit in Bakou, Azerbaijan.

Founded in 1999, the foundation supports changemakers driving sustainable development, social inclusion, and community empowerment. Throughout 2024, it will raise awareness of youth's social and environmental impact and mobilize employee support. The campaign reaffirms Schneider Electric's commitment to empowering the next generation of trailblazers tackling urgent social and environmental challenges.

Schneider Electric has launched Schneider Home, a comprehensive energy management solution for homeowners. This innovative system integrates solar, battery, EV charging, and utility power into a single, user-friendly app. Key components include:

1. Schneider Pulse: A smart electrical panel
2. Schneider Boost: A home battery for energy storage
3. Schneider Inverter: A hybrid solar inverter
4. Schneider Charge: An EV charger
5. Schneider X Series: Smart outlets and switches

The solution aims to simplify energy management, extend backup power, and reduce utility bills. It qualifies for financial incentives under the Inflation Reduction Act, making it more affordable. Schneider Home has already received several awards, including the CES Innovation Award and OMDIA Innovation Award.

Schneider Electric has unveiled the Schneider Charge Pro Level 2 AC Commercial Electric Vehicle Charger, a comprehensive solution for the growing EV market. This innovative charger is designed for commercial fleets, workplaces, multifamily residences, and destination venues, offering durability, fast setup, and integrated support.

Key features include:

• Aluminum back enclosure for enhanced durability
• Plug-and-charge capability with ISO 15118-2 communication
• Wi-Fi, Ethernet, and cellular connection options
• 25 ft cable for easier access to vehicles
• Quick setup design to reduce installation costs
• Remote station monitoring and 24/7 technical support

The Schneider Charge Pro is part of a fully integrated, turnkey solution that includes installation, hardware, software, and maintenance services, simplifying the transition to EV charging infrastructure.

Schneider Electric, a leader in energy management and automation, made significant announcements at the 20th anniversary of RE+, North America's largest clean energy event. The company introduced Schneider Charge Pro, a commercial EV charger, and Schneider Home, an integrated home energy management solution. These innovations aim to accelerate the energy transition by simplifying prosumer experiences.

Schneider executives are participating in six key panels at RE+, discussing topics such as distributed energy resources (DERs), renewables, virtual power plants (VPPs), and smart panels. The company emphasizes the need for faster technology deployment to electrify homes, buildings, and transport, highlighting its comprehensive portfolio of energy management solutions from grid to plug.

Nadège Petit, Chief Innovation Officer, stressed the importance of rapidly scaling solar technology, EV charging infrastructure, microgrids, and electrification to accelerate the energy transition.

Schneider Electric and GR3N have partnered to create the first open automation system for advanced plastic recycling. GR3N's MADE (Microwave Assisted DEpolymerization) technology breaks down PET into chemical building blocks, creating new PET pellets with virgin-like quality. The collaboration leverages Schneider Electric's EcoStruxure Automation Expert, a software-defined automation system that decouples hardware from software.

Key benefits include industrial scalability, design flexibility, reduced engineering time, and cost savings. The partnership aims to address the global plastic waste crisis, with plans to reach industrial scale by 2027 through a 35-40kta plant. This initiative aligns with the urgent need to revolutionize plastic consumption models and achieve net-zero goals by 2050.