Schneider Electric’s NEO Network Accelerates Renewable Energy Transactions

Schneider Electric’s NEO Network Accelerates Renewable Energy Transactions

August 5, 2016

Schneider Electric’s just-launched New Energy Opportunities (NEO) Network is a collaborative online platform that helps commercial and industrial companies quickly identify and vet renewable energy, cleantech and energy-efficiency prospects.

The network will connect buyers with developers and technology providers, linking companies to active projects and proven cleantech, fostering industry collaboration, and delivering global market intelligence.

The network simplifies and accelerates the buying process by connecting end users to viable projects and technologies. As a result, companies are able to find the right tools and financial vehicles to meet their sustainability goals, whether it’s a power purchase agreement (PPA) for electricity from a wind farm or distributed solar installed on a parking lot coupled with energy storage.

The NEO Network joins sustainability and energy managers at Fortune 1000 companies with technology providers, project developers and affiliates, such as investors and law firms, to bring greater transparency and standardization to transactions.

Schneider Electric will act as the network moderator, building the platform and qualifying the organizations that participate. The company will lend its energy management and sustainability expertise, which includes managing 40 gigawatts of electricity load in more than 100 countries on behalf of clients.

“Solar or biomass? Grid connected or not? PPA or lease? The endless questions and combinations make it difficult for companies to move their sustainability programs forward with speed and confidence,” says Steve Wilhite, Senior Vice President of Energy and Sustainability Services at Schneider Electric. “Add in the falling price of renewables and storage, and a mass of new industry players, and the picture gets even more blurred. Our vision is to remove the layers, the complexity, and advance informed decision making and partnerships.”

Global energy consumption is expected to increase more than 50% by 2040, with renewables becoming the fastest growing energy source. In addition, PPAs tied to offsite wind and solar projects more than doubled in the U.S. and Mexico last year. As the need for cleantech grows, along with technology and purchasing options, companies face the challenge of finding an ideal fit to support their climate action and business goals. To address these concerns, the NEO Network allows participants to

  • discover — participants have access to a knowledge center with whitepapers, research reports, and market intelligence covering more than 50 countries and regions
  • connect — companies create profiles outlining their sustainability objectives, project experience and capabilities, and references. Community forums also allow participants to post questions, join in facilitated discussions and share best practices
  • exchange — participants can collaborate with peers, and search for existing developments based on technology type, project size and location. They can also engage leading cleantech providers to initiate new sustainability projects

“We recently contracted 330 megawatts of solar and wind energy through three different power purchase agreements, and understand how complicated the process can be,” says Sam Kapoor, Chief Global Operations Officer, Equinix, which delivers interconnection and data centre services to companies across the globe. “These are long-term contracts and we can’t afford to lock into agreements with unknown financial risk. A platform such as the NEO Network will be valuable as we look to achieve our goal of 100% clean and renewable energy.”

“Climate change is the defining issue of our generation, and we believe that urgent and focused action is needed now,” says Letitia Webster, Vice President of Global Corporate Sustainability at VF. “As we take steps toward our 100 percent renewable energy target, the NEO Network is a tool to help navigate the complexities in the market more efficiently, and gather and share best practices.”

Find out more about the NEO Network: www.NEONetworkExchange.com.

Related Articles


Latest Articles

  • Investment in Single-Family Homes Continues to Rise for April

    Investment in Single-Family Homes Continues to Rise for April

    June 14, 2024 Month over month, investment in building construction increased 4.5% to $20.4 billion in March. The residential sector was up 5.4% to $14.3 billion, while investment in the non-residential sector increased 2.3% to $6.1 billion. On a constant dollar basis (2017=100), investment in building construction increased 4.1% to $12.5 billion in March. Investment in single-family homes continues to rise Investment in… Read More…

  • Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    June 14, 2024 Month over month, the total value of building permits in Canada significantly increased 20.5% to $12.8 billion in April. Construction intentions in the residential sector increased 21.0% to $8.0 billion and the non-residential sector rose 19.6% to $4.8 billion, with growth observed in all components. British Columbia posted a record high monthly total value of building permits ($3.1 billion),… Read More…

  • ECAO’s Ontario’s Energy Future Sector Analysis Report

    ECAO’s Ontario’s Energy Future Sector Analysis Report

    June 14, 2024 Driven by economy-wide decarbonization efforts in response to the global climate crisis, Ontario’s electricity sector is rapidly evolving to enable the shift from fossil-based energy sources to clean energy sources. At the same time, with electrification of industry, transportation and more, it is abundantly clear that the demand for electricity supply is… Read More…

  • Planned Shift from Gas to Electric Heat Required to Avoid High Costs and Emissions: Report

    Planned Shift from Gas to Electric Heat Required to Avoid High Costs and Emissions: Report

    June 14, 2024 New research published today by the Canadian Climate Institute finds that a system-wide shift from gas to electric heat is the lowest-cost path through the clean energy transition. The report, Heat Exchange: How today’s policy choices will drive or delay Canada’s transition to clean, reliable heat, concludes that provincial government action will be  necessary to protect reliability and… Read More…


Changing Scene

  • Danielle Mayer – 2024 ECAM Award Recipient

    Danielle Mayer – 2024 ECAM Award Recipient

    June 14, 2024 Danielle Mayer’s journey to receiving the 2024 ECAM Award is one of dedication and determination. Danielle’s interest in the electrical trade sparked when she realized its potential as a hands-on career path, prompted by the suggestion from her friends that they needed an electrician among them. Beginning her exploration of the electrical… Read More…

  • CAF-FCA Unveils Trades Talent – An Innovative Speaker Connection Service at 2024 National Apprenticeship Conference

    CAF-FCA Unveils Trades Talent – An Innovative Speaker Connection Service at 2024 National Apprenticeship Conference

    June 14, 2024 The 2024 National Apprenticeship Conference saw an exciting announcement from the Canadian Apprenticeship Forum (CAF-FCA) with the launch of Trades Talent, an innovative online service designed to connect event planners with expert speakers in the skilled trades sector. This ground-breaking platform promises to be a game-changer for those seeking knowledgeable and engaging… Read More…

  • Atkore Announces Environmental Product Declarations for Steel and PVC Conduit Products

    Atkore Announces Environmental Product Declarations for Steel and PVC Conduit Products

    Atkore Inc. announced it has published Environmental Product Declarations (EPDs) for its Galvanized Steel, Stainless Steel, and PVC Conduit & Fittings portfolios. Verified by an independent third party, each EPD contains a product’s life cycle assessment that measures its environmental impact, such as greenhouse gas emissions, energy use, water consumption, waste generation, and other factors…. Read More…

  • ECAO 2024 Douglas J.B. Wright Award

    ECAO 2024 Douglas J.B. Wright Award

    June 14, 2024 Congratulations to Mr. Allan Kellett, Co-Owner of K-Line Group of Companies, on being named the recipient of the ECAO’s 2024 Douglas J.B. Wright Award! The award was presented earlier this month as part of ECAO’s Annual General Meeting. View the LinkedIn post HERE Read More…