STATEMENT: Schneider Electric calls for rapid deployment of smart grids to accelerate the energy transition

(Information sent by the signatory company).

STATEMENT: Schneider Electric calls for rapid deployment of smart grids to accelerate the energy transition

(Information sent by the signatory company)

PARIS, Dec. 1, 2023 /PRNewswire/ -- Schneider Electric, the leader in the digital transformation of energy management and automation, today called on energy decision makers to prioritize digital upgrades to unlock the potential of sustainable, resilient, efficient and flexible networks of the future.

The urgent call comes as world leaders gather at COP28 in Dubai to accelerate climate action and, at the same time, key players in the electric power industry gather at Enlit Europe 2023 in Paris, France, to discuss transformative solutions for Europe's electricity systems.

Schneider Electric experts attending Enlit Europe 2023 argue that aging grid infrastructure is holding back the energy transition and propose that greater grid automation in smart grids managed by smart electric utilities can shape the future of a sector energy with low carbon emissions.

"The real challenge of the energy transition is to increase production and grid efficiency, do it the right way, connecting more renewables to the grid and ensuring that emissions do not increase in parallel," said Frederic Godemel, executive vice president of the Systems and Services Division of Schneider Electric. "We are simply not moving fast enough toward flexible, digitized power grids to enable this, even though we already have the connected equipment and software technologies to do so. Government and industry leaders must respond to this call for action: upgrade or risk missing our net zero emissions targets.”

At Enlit 2023, Schneider Electric presents new innovations that allow electric utilities to implement agile digitalization of the network and offer better collaboration between all actors in the electricity value chain. They include:

Schneider Electric visit to Enlit Europe 2023 (Paris Expo, Porte de Versailles, booth

About Schneider Electric

Schneider's purpose is to empower everyone to make the most of our energy and resources, uniting progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, products, controls, software and endpoint connection services to the cloud, throughout the life cycle, enabling integrated management of the company, to homes, buildings, data centers, infrastructure and industries.

We are the most local global company. We are champions of open standards and partnership ecosystems passionate about our shared meaningful purpose, inclusive and empowered values.

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