Schneider Electric acquires renewable energy platform Zeigo

Share
Schneider Electric's acquisition of Zeigo expands its portfolio of digital renewable energy and resource management solutions

Schneider Electric, the leader in the digital transformation of energy management, automation, and sustainability today announced that it has acquired start-up climate-tech platform Zeigo to enhance the company’s digital capabilities in energy, sustainability, and environmental commodity consulting. The acquisition will complement Schneider Electric’s portfolio of clean energy services and solutions and advance the company’s digital energy transformation ambitions. 

“Zeigo is delighted to join forces with Schneider Electric to continue to accelerate the digital clean energy revolution,” said Zeigo founder and CEO Juan Pablo Cerda. “Together, we will bring innovative energy solutions to even more companies, to drive impact as they embark on their decarbonisation journey.” 

Renewable energy procurement surges as net-zero ambitions reach tipping point

 

Organisations face increasing pressure to decarbonise as climate risks and global ambitions for an equitable energy transition both accelerate. For the past 10 years, one of the most common and effective means for companies to begin to decarbonise has been utility-scale renewable energy power purchase agreements (PPAs). To date, organisations have voluntarily purchased more than 77 gigawatts of wind, solar, and geothermal power via PPA.

The demand for PPAs is expected to grow as net-zero ambitions accelerate globally. More than 2,000 companies have already joined the Science-based Targets Initiative with the intention of mapping their decarbonisation aspirations to a 1.5 degree Celsius global warming threshold. A further 300+ corporations have joined the Climate Group’s RE100, committing to achieve 100% renewable energy in their operations. Taken in total, these commitments have led Bloomberg New Energy Finance to predict a shortfall in corporate renewable energy of 269 terawatt-hours by 2030.

"Mind + machine" approach advances the energy procurement process

 

Renewable energy procurement is time-consuming and complicated, requiring significant expert evaluation of projects and risks alongside the satisfaction of stakeholders up to and including corporate boards. By combining Zeigo’s AI capabilities with its existing best-in-class advisory services, Schneider Electric will deploy enhanced collaborative intelligence in the energy and environmental commodity procurement process, an ideal complement to existing Schneider Electric solutions for aggregation and digital platforms EcoStruxure Resource Advisor and NEO Network.

"As the world’s largest advisor to corporations on renewable energy procurement, we know that speed and complexity are two of the barriers that keep some corporations out of the PPA market,” said Steve Wilhite, SVP for Schneider Electric’s Sustainable Business Division. “By adding the Zeigo technology and team to our existing portfolio of services and solutions, we will be able to provide even greater value to our clients worldwide. My congratulations to Zeigo on this significant milestone.”

Schneider Electric’s command of renewable energy market continues

 

The acquisition of the Zeigo machine learning algorithm and 20-person team further contributes to Schneider Electric’s market leadership as the world’s largest and most experienced corporate renewable energy advisor. The company commands a leading market share in the US, Europe, Australia, and emerging geographies like Brazil and its global experts have supported the execution of more than 13,000 megawatts of corporate PPAs since 2014.

Schneider’s team has also been responsible for the development of first-of-its-kind, best-in-class programs like the recently announced Energize consortium for the pharmaceutical supply chain. Schneider Electric itself was recognised in 2021 by the Corporate Knights Global 100 Index as the world’s most sustainable company.

 

Join global business leaders and sustainability experts who are taking meaningful action at Sustainability LIVE, being held at Tobacco Dock, London, 23-24 February 2022. Register your attendance today. Click here to discover more. 

 

 

Share

Featured Articles

AVK Commits to Net Zero Power Solutions with Rolls Royce

AVK and Rolls-Royce alliance delivers over 500 sustainable generators in 2024, as data centre industry embraces HVO-ready, hydrogen-capable power solutions

How AWS Plans to Boost Sustainability with Orbital Materials

Tech giant AWS has launched a strategic partnership with Orbital Materials to develop technologies for data centre decarbonisation and efficiency

Schneider Electric's AI Data Centre Solutions: Explained

Schneider Electric partners with Nvidia to unveil a range of AI-ready solutions for powering sustainable data centres, aiming to meet growing AI demands

AWS Unveils Next-Gen Data Centres for AI Computing Demands

Data Centres

Kao Data Eyes European Growth With CBRE Partnership

Data Centres

Linesight Warns of Data Centre Cooling Equipment Delays

Critical Environments