Schneider Electric Se - SBGSY STOCK NEWS

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.

Schneider Electric has enhanced its X Series connected wiring devices with Matter communications protocols, increasing compatibility across major smart home ecosystems. This upgrade simplifies home energy management and improves integration. The X Series line, which includes light switches, dimmers, and outlets, now offers:

1. Real-time energy consumption monitoring
2. Greater visibility and control over device-level energy usage
3. Expanded connectivity within smart home environments
4. Enhanced interoperability with various smart home systems

As a leader in smart home energy management, Schneider Electric aims to provide homeowners with insights into energy usage and tools to optimize consumption, potentially reducing utility bills. The Matter-enabled X Series products are available at major home improvement retailers and electrical distribution outlets nationwide.

The City of Boston, along with Schneider Electric, Northeast Clean Energy Council (NECEC), the Downtown Boston BID, and Mass CEC, is hosting 'Climate Tech in the City' on July 24, 2024. The event aims to bring together the climate tech community for technology demonstrations, information exchange, networking, and celebration. The event underscores Boston's strong standing in climate technology, bolstered by its universities, research institutions, and supportive policy environment. The day's agenda includes an outdoor event at City Hall Plaza from 10:00 AM to 4:00 PM and a block party at Summer Street Plaza from 4:00 PM to 7:00 PM. Both events are open to the public and aim to inspire collaboration and raise awareness about climate technology.

Schneider Electric has opened applications for its third annual Sustainability Impact Awards, recognizing partners' efforts in digitization and decarbonization. Open to customers, channel partners, and suppliers globally, the simplified application process runs until October 15, 2024, with winners announced in early 2025. The awards emphasize strategies for electrification, reduction, and replacement, alongside broader efforts in creating an Electricity 4.0 future. Last year saw over 400 entries from 60 countries, with 12 companies winning the global awards. This initiative is part of Schneider's broader Partnering for Sustainability program, including the recently launched Schneider Electric Sustainability School.