SCHNEIDER ELECTRIC SA - SBGSF STOCK NEWS

Schneider Electric has launched Schneider OffGrid, a premium portable power station designed for outdoor enthusiasts and backup power needs. The device features multiple charging ports, including USB-A, USB-C, AC sockets, and wireless charging capabilities. Built with 60% post-consumer recycled plastic, it offers sustainable power solutions through solar charging compatibility and eco-mode features. The company has donated over 200 units to the Footprint Project for Hurricane Helene relief efforts, supporting community centers and medical facilities in Western North Carolina.

Schneider Electric reported strong progress in its Sustainability Impact (SSI) program, achieving a score of 7.29 out of 10 in Q3 2024, on track to reach its year-end target of 7.40. The company reached two major milestones: surpassing its goal of providing green energy access to 50 million people ahead of schedule, and training over 763,000 people in energy management.

The company achieved a 36% reduction in operational CO2 emissions from top suppliers through its Zero Carbon Project. Additionally, Schneider strengthened community initiatives through partnerships with Habitat for Humanity ($3.5 million commitment) and Footprint Project ($1 million donation) for sustainable housing and disaster relief efforts. A significant Tax Credit Transfer Agreement with ENGIE North America supports clean energy projects in Texas.

Schneider Electric announced that Jesús Carmona, Zone President for Mexico and Central America, has joined the Board of Directors of the U.S.- Mexico Foundation. With over 27 years at Schneider Electric, Carmona has promoted sustainability and digital transformation initiatives in the region. This appointment aims to strengthen economic relations and cooperation between Mexico and the United States, particularly in energy and sustainability.

Carmona expressed his commitment to working with the foundation to benefit both nations. He recently participated in the North Capital Forum 2024, discussing cross-border collaboration for a sustainable energy future. This appointment reflects Schneider Electric's dedication to building alliances and fostering collaboration in education, leadership, and competitiveness, promoting economic integration and cooperation at local, regional, and global levels.

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.