Schneider Electric and Temasek Launch GREENext to Provide Sustainable and Resilient Energy-as-a-Service

By Craig Resnick

Category:
Acquisition or Partnership

Schneider Electric announced the launch of GREENext, a joint venture that will provide Energy-as-a-Service to commercial and industrial customers through solar and battery hybrid microgrid technology, helping these customers to become more sustainable and resilient.

GREENext will utilize pre-engineered standardized microgrid technology that is designed to help increase deployment speed.  It will distribute solar power and is equipped with integrated, digitally optimized batteries to store power, providing an additional layer of reliability. As an Energy-as-a-Service, GREENext will help eliminate the need for large upfront capital or more expensive infrastructure upgrades throughout the lifetime of the contract. Powered by renewable energy, GREENext will help to allow customers to reduce their carbon emissions, benefit from lower electricity costs, and utilize  a more resilient energy supply.

This pilot phase will focus initially on India, with potential for further expansion to Southeast Asia.

Engage with ARC Advisory Group