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

EIN Temasek Schneider Logo

December 21, 2021

Temasek and Schneider Electric announced the launch of GREENext, a joint venture that will provide sustainable and resilient energy solutions to commercial and industrial customers through solar and battery hybrid microgrid technology.

GREENext will utilise pre-engineered standardised microgrid technology, which increases deployment speed, that will distribute solar power and come with integrated, digitally optimised batteries to store power, providing an additional layer of reliability. As an Energy-as-a-Service, GREENext will remove the need for large upfront capital or expensive infrastructure upgrades throughout the lifetime of the contract. Powered by renewable energy, it will allow customers to reduce their carbon emissions, benefit from lower electricity costs and enjoy a more resilient energy supply.

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

Luc Remont, Executive Vice President, International Operations, Schneider Electric said, “Schneider Electric and Temasek share a vision of scaling technologies and businesses that can help the world transition to renewable energy. We are excited about how this venture can accelerate the renewable energy transition by removing the upfront capital barrier.”

Nagi Hamiyeh, Joint Head of Investment Group and Head of Portfolio Development, Temasek said, “Enabling businesses to accelerate their decarbonisation efforts will be key to tackling the climate crisis we all face. Temasek has been actively investing in climate-aligned opportunities, catalysing breakthrough technologies and nature-based solutions that aim to usher in a low carbon future. We are pleased to be partnering Schneider Electric to explore how we can scale microgrid solutions to reduce the operational carbon emissions of companies in India, with the possibility of introducing such technology to other regional countries.”

Source

Related Articles


Latest Articles

  • Declines in Ontario and Manitoba Construction Intentions Push Down the Non-Residential Sector

    Declines in Ontario and Manitoba Construction Intentions Push Down the Non-Residential Sector

    December 16, 2024 The total value of building permits issued in Canada decreased by $399.1 million (-3.1%) to $12.6 billion in October. This comes on the heels of a strong September, during which construction intentions rose by $1.3 billion to the second-highest level in the series. Despite the monthly decline in October, the total value of building permits… Read More…

  • Lighting Control Basics for Home Automation

    Lighting Control Basics for Home Automation

    By Matthew Biswas Do your eyes roll when you hear terms like Smart home technology?  Or are you a true believer?  As it turns out controlling electrical devices via low-voltage technology can be easier to implement and use than many of us thought. The Lutron Caseta system uses the internet and Radio Frequency to instantly… Read More…

  • Grounded in Ontario: The Future of Energy Storage Systems

    Grounded in Ontario: The Future of Energy Storage Systems

    December 16, 2024 Technical Advisor Trevor Tremblay explains why following best practices and relying on licensed professionals will ensure a smooth and secure transition when integrating this exciting new technology. Energy Storage Systems (ESS) are revolutionizing the way individuals and businesses manage energy, providing cost-saving opportunities, increased energy reliability, and a pathway toward sustainability. In… Read More…

  • 4 in 5 Canadians See Electrifying Public Transit as Key to Advancing Climate Action, Schneider Electric Survey Finds

    4 in 5 Canadians See Electrifying Public Transit as Key to Advancing Climate Action, Schneider Electric Survey Finds

    December 13, 2024 Schneider Electric has released new survey findings showing Canadians are increasingly concerned about the environmental impact of traditional public transit emissions. According to the survey, 83 per cent of Canadians recognize the need for electrified transit to support a sustainable future and are seeking actionable and innovative solutions to ease the nation’s… Read More…


Changing Scene