Schneider Electric commits to 100% renewable electricity by 2030, doubling energy productivity

Schneider Electric commits to 100% renewable electricity by 2030, doubling energy productivity

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, the leader in digital transformation of and , has committed to obtaining 100% of its electricity from renewable sources and doubling its energy productivity. To achieve these objectives, the company intends to carry out a comprehensive optimisation of its energy system.

The commitment is yet another step in Schneider Electric’s journey to becoming carbon-neutral by 2030. In line with this priority, Schneider Electric decided to join two global collaborative initiatives, led by The Climate Group, that bring together influential businesses dedicated to accelerating climate action

RE100: To use 100 percent renewable electricity by 2030 with an interim goal of 80 percent by 2020.

EP100: To double energy productivity the economic output from every unit of energy consumed by 2030 against a 2005 baseline.

Schneider Electric aims to utilise a broad range of renewable energy sources, including solar, wind, geothermal and biomass, across its more than 1,000 sites around the globe, including 200 factories.

The company will use a three-pronged approach to drive its transition to 100 percent renewable electricity.

The company already has renewable energy projects in place at several locations, such as solar rooftops in Vadodara, , and Bangpoo, Thailand. While onsite projects are expected to cover only a certain proportion of Schneider Electric’s electricity needs, they enhance the company’s renewable energy capabilities and act as a showcase for other organisations contemplating such options in addition to energy efficiency-enabling technologies.

Helen Clarkson, Chief Executive Officer at The Climate Group, said: “Already a leader in the energy space, Schneider Electric has made a smart business decision in joining RE100 and EP100. This commitment will help the company deliver on its climate ambition to become carbon-neutral by 2030. Doubling energy productivity will allow it to use energy as economically as possible while making the transition to renewables that are cost-competitive in many markets. I applaud the powerful message Schneider Electric is sending to peers, investors and governments to accelerate the transition to a zero-emissions economy.”

In November 2016, Schneider Electric launched the next generation of EcoStruxure™, its IoT-enabled, plug-and-pay open architecture that delivers end-to-end solutions across six domains of expertise power, IT, building, machine, plant and grid for four end markets: building, data center, industry and infrastructure.

(Source: www.menafn.com)

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