Leading digital transformation of energy management and automation company, Schneider Electric and global integrated energy company BP, have signed a memorandum of understanding (MoU) to help decarbonize high-emission customers, in Australia, the European Union, U.K. and, U.S and other countries.
Under the terms of the MoU, BP and Schneider Electric intend to combine skills and capabilities to define and scale integrated energy solutions for cities and commercial and industrial customers in hard to abate sectors, such as high emission transportation and heavy industry.
According to the EVP, Regions, Cities and Solutions, BP, William Lin; “Schneider Electric’s expertise is complementary to ours, opening up more opportunities for us to jointly help energy systems decarbonise. Combining BP’s energy supply capabilities with Schneider Electric’s microgrid and energy management technologies means that together we can offer clean, efficient and resilient solutions to better meet our customers’ needs.
“Many of our customers are looking for innovation and expertise to help decarbonize their energy supply and demand systems,” says Barbara Frei, Executive Vice President, Industrial Automation, Schneider Electric. “With BP, we’re committed to advancing technology solutions and addressing key markets together to help these customers reach net-zero faster,” Lin stated.
Together, BP and Schneider Electric’s complementary skills in consulting, designing, building, and operating decarbonized energy systems will help companies to achieve their decarbonization targets. Both companies also intend to explore business models to help customers lessen the complexity, risk and capital investment of decarbonization by operating such energy systems as a service.
Schneider Electric, which was recently recognized as the World’s Most Sustainable Corporation in 2021 by Corporate Knights Global 100 index, will provide decarbonization expertise and electricity 4.0 technologies to help design and operate critical or energy-intensive power systems. The company’s microgrid platform can integrate on-site renewable power, reliable backup systems including battery storage, electric vehicle infrastructure, and associated energy retail services.
BP on its part, brings together technologies and businesses including solar, wind, hydrogen, biofuels and electric vehicle charging, to provide innovative, integrated and decarbonized energy solutions at scale to help cities and large corporations reduce their carbon emissions.
BP and Schneider Electric intend to collaborate on integrated solutions and technology that address today’s most complex energy challenges, to help accelerate the world’s transition to net zero.
Schneider Electric as an energy management and automation company plays an active role toward driving digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
The company advocates for open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.