Schneider Electric Bulgaria has developed a geothermal energy system at its smart factory in the
The investment, which has received an operational permit, is expected to be recouped in 10 to 13 years' time, the prime minister's office said in a press release.
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The geothermal heating and cooling system is part of a
The expanded factory together with the geothermal system are in the final stages of development and are expected to become operational in a short term, a company spokesperson told SeeNews over the phone.
The industrial site enlargement will create 150 new jobs, bringing the electrical equipment maker's headcount in
Last month, the French group said it is boosting investments in decarbonisation across its operations, with a goal to become carbon neutral by 2030, while at the same time reducing carbon emissions across its value chain by 25%.
Earlier this year, Schneider Electric Bulgaria became the sixth company to commit to
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