Schneider Electric S A - SBGSF STOCK NEWS

Schneider Electric has successfully partnered with Blue Stream Fiber to enhance their operational capacity and resilience through EcoConsult Services. The engagement focused on two Florida data center facilities in Port St. Lucie and Coral Springs, where Schneider's engineers conducted comprehensive assessments and developed customized consulting solutions.

The program delivered several key improvements, including doubling the electrical amperage of operations, adding redundancy measures, and upgrading secondary power systems to protect against outages. The partnership aims to support Blue Stream Fiber's growth while maintaining service quality for their customers.

The collaboration provides a structured plan for optimization through electrical system redesign and targeted equipment upgrades, ensuring long-term operational reliability as Blue Stream Fiber continues to expand its 45-year service tradition.

Schneider Electric announced the election of Aamir Paul, President of North America Operations, to the National Association of Manufacturers (NAM) Board of Directors. Paul joins leaders from major companies like General Motors, Dow, and Intel to shape policy advocacy and operational excellence.

The company has invested over $440 million in American manufacturing since 2020, including a recent $140 million investment plan announced in March 2024 to create 750 new manufacturing jobs in Tennessee. Schneider Electric operates more than 22 facilities across 14 states and employs over 21,000 workers in the U.S.

The company's presence spans significant market segments, with its products found in 40% of U.S. homes, 40% of worldwide hospitals, and 40,000 water installations globally. Schneider Electric was recognized in TIME's 100 Most Influential Companies list in 2023 for its work in reducing greenhouse-gas emissions.

Jana Gerber, North American President of Microgrids for Schneider Electric, has won the Gold Stevie Award in the Saving Energy, Sustainability Category at the 21st annual Stevie Awards for Women in Business. The award recognizes her team's work on over 350 microgrid projects in North America. The Stevie Awards received over 1,500 entries, with winners chosen by more than 200 professionals globally. Gerber's efforts focus on integrating software, systems, and products to enhance energy efficiency and resilience for Schneider Electric's customers. She expressed her honor in receiving the award, emphasizing the company's mission towards net-zero solutions and energy sustainability.

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.