SCHNEIDER ELEC UNSP/ADR - SBGSY STOCK NEWS

Schneider Electric has launched 'SpecLive Collaborate,' a pioneering platform designed to modernize and streamline the product specification process for architectural, engineering, and construction professionals.

Developed with RIB Software, this cloud-based workspace offers real-time access to technical product data, reducing coordination gaps and enhancing collaboration. The tool provides specifiers with accurate, up-to-date information, improving project transparency and efficiency without requiring new workflows.

Available via the MySchneider portal, SpecLive Collaborate is free for users enrolled in the program.

Schneider Electric announced a collaboration with Crux to purchase Section 45X Advanced Manufacturing Production Tax Credits from Silfab Solar. This purchase provides additional capital for Silfab Solar to expand their US solar PV module manufacturing. The collaboration aims to leverage the Inflation Reduction Act's tax credit transfer provisions to enhance renewable energy infrastructure and support sustainability efforts. Crux facilitated the transaction through its transferable tax credit ecosystem. This move is part of Schneider's broader strategy to assist clients in accessing tax credits while mitigating buyer risk. The tax credit market is expected to grow significantly, estimated at $7-9 billion in its first year.

Schneider Electric introduces a Battery Energy Storage System (BESS) as part of a fully integrated microgrid solution driven by its controls, optimization, and digital services. Graybar is the channel partner for BESS, emphasizing renewable energy solutions. BESS captures and stores energy for various applications, offering features like full integration, UL certification, easy installation, resilience, and multiple size options.

Schneider Electric partners with IPConfigure to integrate cutting-edge video surveillance solutions into EcoStruxure Buildings platform, offering a comprehensive security ecosystem. The partnership aims to modernize buildings, enhance security, and simplify building operations through a scalable cloud management tool.

Schneider Electric recognizes five U.S. companies for outstanding decarbonization efforts in the second edition of the Sustainability Impact Awards. Winners showcased innovative sustainability practices in energy management and automation. The global winners will be announced on April 3rd, highlighting the impact of Schneider's partner ecosystem in creating a more sustainable world.

Schneider Electric to Invest $140 Million in U.S. Manufacturing, Creating 750 New Jobs

Schneider Electric, a leader in energy management and automation, showcases rapid innovations at DISTRIBUTECH International® 2024. Recognized by Guidehouse Insights for excellence in Grid DERMS and Grid Edge DERMS. Focus on grid modernization, distributed energy management, and optimization.

Schneider Electric commits to investing in Texas-based clean energy projects using Tax Credit Transfer Agreement to accelerate renewable energy procurement in the U.S. and Canada. The agreement with ENGIE leverages new tax credit transfer provisions in the Inflation Reduction Act to help achieve 100% renewable energy goal.

Schneider Electric, Intel, and Red Hat have announced the release of a Distributed Control Node (DCN) software framework, enabling industrial companies to move to a software-defined, plug-and-produce solution. The framework supports interoperability and portability, aligning with the goals of the Open Process Automation Forum (OPAF) to drive industrial innovation.