Schneider Electric commits to 100% renewable energy by 2030

By Sophie Chapman
Schneider Electric, the energy management and automation transformer, has committed to sourcing 100% renewable electricity, as well as report...

Schneider Electric, the energy management and automation transformer, has committed to sourcing 100% renewable electricity, as well as reporting its energy productivity.

The company first plans to optimise its energy system before aiming to be completely carbon neutral by 2030.

The firm has also joined two global, collaborative initiatives led by The Climate Group, one of which is RE100 which aims to only source renewable energy by 2030 with an intermediary target of sourcing 80% by 2020.

The second initiative is EP100, which plans to double energy productivity by 2030 against a 2005 baseline.

SEE ALSO:

“We are in a new world of energy that is becoming more electric, more decarbonised, more decentralised, and more digital,” Schneider Electric’s Chief Strategy Officer and Executive Vice President, Emmanuel Lagarrigue commented.

“Our mission at Schneider Electric is to supply the technologies that permit, drive and catalyse the transition to a new world of energy. “

“The commitments we have made today in joining RE100 and EP100 to source 100 per cent renewable electricity and reflect on the doubling of our energy productivity are a demonstration of how consumers and business can be empowered to ensure the affordability, resilience, sustainability, and security of the energy that they consume.”

Schneider Electric will aim to make its transition through three levers – on-site projects at the firm’s facilities around the world, offsite long-term procurement through Power Purchase Agreements (PPAs), and Energy Attribute Certificates (EACs) and green tariffs.

Share

Featured Articles

UK and US announce energy partnership

The agreement will work towards reducing global dependency on Russian energy exports, stabilising energy markets, and stepping up collaboration

Alfa Laval to supply world’s largest green hydrogen plant

The facility is being built in NEOM, the US$500bn futuristic city being developed in Saudi Arabia

COP27 agrees to climate compensation fund

The deal is said to be a historic first in acknowledging the vast inequities of the climate crisis

North America's natural gas can help mitigate energy crisis

Oil & Gas

COP27: Egypt and Norway to build 100MW green hydrogen plant

Renewable Energy

Renewable energy company Masdar opens office in Saudi Arabia

Renewable Energy