Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Schneider Electric SE
  6. News
  7. Summary
    SU   FR0000121972

SCHNEIDER ELECTRIC SE

(SU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Schneider Electric : and Temasek Launch GREENext to Provide Sustainable and Resilient Energy-as-a-Service

12/08/2021 | 11:32am EST
Schneider Electric and Temasek Launch GREENext to Provide Sustainable and Resilient Energy-as-a-Service

Rueil-Malmaison, France

08/12/2021

Download PDF
  • GREENext's commercial and industrial customers in India can now access lower electricity costs, more resilient and cleaner energy supply, without complex energy setups or investments

Schneider Electric, the leader in the digital transformation of energy management and automation, recognized as the World's most sustainable corporation in 2021 by Corporate Knights, and Temasek today announced the launch of GREENext, a joint venture that will provide sustainable and resilient energy solutions to commercial and industrial customers through solar and battery hybrid microgrid technology.

GREENext will utilise pre-engineered standardised microgrid technology, which increases deployment speed, that will distribute solar power and come with integrated, digitally optimised batteries to store power, providing an additional layer of reliability. As an Energy-as-a-Service, GREENext will remove the need for large upfront capital or expensive infrastructure upgrades throughout the lifetime of the contract. Powered by renewable energy, it will allow customers to reduce their carbon emissions, benefit from lower electricity costs and enjoy a more resilient energy supply.

This pilot phase will focus initially on India, with potential for further expansion to Southeast Asia.

Luc Remont, Executive Vice President, International Operations, Schneider Electric said, "Schneider Electric and Temasek share a vision of scaling technologies and businesses that can help the world transition to renewable energy. We are excited about how this venture can accelerate the renewable energy transition by removing the upfront capital barrier."

Nagi Hamiyeh, Joint Head of Investment Group and Head of Portfolio Development, Temasek said, "Enabling businesses to accelerate their decarbonisation efforts will be key to tackling the climate crisis we all face. Temasek has been actively investing in climate-aligned opportunities, catalysing breakthrough technologies and nature-based solutions that aim to usher in a low carbon future. We are pleased to be partnering Schneider Electric to explore how we can scale microgrid solutions to reduce the operational carbon emissions of companies in India, with the possibility of introducing such technology to other regional countries."

  • About Temasek

    Temasek is a global investment company with a net portfolio value of S$381bn (US$283b) as at 31 March 2021. Headquartered in Singapore, it has 13 offices in 9 countries around the world. The Temasek Charter defines Temasek's three roles as an Investor, Institution and Steward, which shape its ethos to do well, do right, and do good. As a provider of catalytic capital, it seeks to enable solutions to key global challenges. With sustainability at the core of all Temasek does, it actively seeks sustainable solutions to address present and future challenges, as it captures investible opportunities to bring about a sustainable future for all. For more information on Temasek, please visit www.temasek.com.sg.

Disclaimer

Schneider Electric SE published this content on 08 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2021 16:31:02 UTC.


ę Publicnow 2021
All news about SCHNEIDER ELECTRIC SE
01/14DIGITIZING THE SUPPLY CHAIN FOR THE : An intriguing project for a fresh intern
PU
01/13Royal HaskoningDHV and Schneider Electric collaborate on next generation process contro..
AQ
01/13Royal HaskoningDHV and Schneider Electric Collaborate on Next Generation Process Contro..
CI
01/13SCHNEIDER ELECTRIC : Barclays reaffirms its Buy rating
MD
01/13SCHNEIDER ELECTRIC : Implementing an Integrated Operations Center – 5 Tips for Succe..
PU
01/13Schneider Electric Buys UK Renewable Energy Platform Zeigo
MT
01/13SCHNEIDER ELECTRIC : Acquires Renewable Energy Platform Zeigo to Expand Digital Procuremen..
PU
01/13EMEA MORNING BRIEFING : Stocks Seen Stuck as Bullard Sees Four Rate Rises This Year
DJ
01/13SCHNEIDER ELECTRIC S.E. (ENXTPA : SU) acquired Zeigo Ltd.
CI
01/12NET ZERO HOME : DIY (Do It Yourself)
PU
More news
Analyst Recommendations on SCHNEIDER ELECTRIC SE
More recommendations
Financials
Sales 2021 28 759 M 32 825 M 32 825 M
Net income 2021 3 015 M 3 441 M 3 441 M
Net Debt 2021 6 328 M 7 222 M 7 222 M
P/E ratio 2021 29,7x
Yield 2021 1,73%
Capitalization 90 370 M 103 B 103 B
EV / Sales 2021 3,36x
EV / Sales 2022 3,09x
Nbr of Employees 135 000
Free-Float -
Chart SCHNEIDER ELECTRIC SE
Duration : Period :
Schneider Electric SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SCHNEIDER ELECTRIC SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 162,98 €
Average target price 169,00 €
Spread / Average Target 3,69%
EPS Revisions
Managers and Directors
Jean-Pascal Tricoire Chairman & Chief Executive Officer
Hilary Maxson Chief Financial Officer & Executive Vice President
Premraj Krishnakutty Vice President-Research & Development
LÚo Apotheker Director
Linda I. Knoll Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SCHNEIDER ELECTRIC SE-5.50%103 221
KEYENCE CORPORATION-14.00%132 418
EATON CORPORATION PLC-0.95%68 129
NIDEC CORPORATION-9.76%62 639
EMERSON ELECTRIC CO.4.84%57 985
ROCKWELL AUTOMATION, INC.-5.40%37 710