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

  • Comprehensive Energy Savings Incentive Program for Alberta Businesses

    Comprehensive Energy Savings Incentive Program for Alberta Businesses

    Through additional financial incentives for participants bundling efficiency measures and new technology types, the Comprehensive Energy Savings (CES) stream supports facilities that are aiming to achieve deeper emissions reductions and energy savings. Participants that bundle smaller capital investments into a bigger investment package will benefit from increased incentives and greater long-term results, such as increased… Read More…

  • ECAO Anti-Racism Toolbox TalkAnti-Racism Toolbox

    ECAO Anti-Racism Toolbox TalkAnti-Racism Toolbox

    February 7, 2023 Racist actions, activities, tones, or remarks have no place in Ontario workplaces including construction sites. The ECAO not only have zero tolerance for any form of racism or intimidation, they are taking responsibility to stand up and be actively anti-racist in policy and action. To assist and educate member companies and their… Read More…

  • 2022 Electrical Contractor Survey: Material Availability and Price Volatility Increasing Risk for Electrical Contractors

    2022 Electrical Contractor Survey: Material Availability and Price Volatility Increasing Risk for Electrical Contractors

    February 6, 2023 By: Blake Marchand There are several factors that have led to uncertainty when it comes to material availability and product prices fluctuation in the electrical market. Primarily, those factors stem from global events that influence the broader market – the value and demand of raw materials, the cost of shipping, the cost… Read More…

  • Guide to the Canadian Electrical Code, Part 1 , 25th Edition – A Road Map: Section 80

    Guide to the Canadian Electrical Code, Part 1 , 25th Edition – A Road Map: Section 80

    Rule 80-000 notes that this is a supplementary or amendatory section of the code and applies only to the installation of impressed current cathodic protection systems. Appendix B and the CEC Handbook have additional information and descriptions of Cathodic Protection. This Section considers that the wiring methods used in installing such systems are sometimes inconsistent with the requirements of other Sections of the Code. Read More…


Changing Scene

  • Arlington Presents National and Regional Sales Awards at NEMRA 2023 Conference

    Arlington Presents National and Regional Sales Awards at NEMRA 2023 Conference

    February 7, 2023 Arlington Industries Inc. is pleased to announce the recipients of their annual representative sales awards – for 2022 sales of Arlington’s MADE IN USA and many patented, innovative and labor-saving products. Presented to firms representing Arlington at the recent 2023 National Electrical Manufacturers Representatives Association (NEMRA) meeting in Las Vegas, the awards… Read More…

  • Westburne Announces Three New Appointments in Quebec

    Westburne Announces Three New Appointments in Quebec

    February 7, 2023 Westburne has announced three new appointments in for their Quebec division. Stephane Lepage has been appointed Director of Sales – West effective January 10th. “With over 25 years of experience, Stephane started his career with Westburne, where he held several positions within the company. He then moved to other distributors and manufacturers…. Read More…

  • Acuity Brands Announces Licensing Agreement with BIOS

    Acuity Brands Announces Licensing Agreement with BIOS

    February 7, 2023  Acuity Brands, Inc. announced today that its subsidiary Acuity Brands Lighting, Inc. has entered into an agreement to participate in the BIOS ILLUMINATED™ partnership program. In connection with this agreement, BIOS will sell to Acuity Brands certain human-centric LED lighting components for use in its architectural lighting fixtures for wellness. Acuity Brands will… Read More…

  • FLO Introduces FLO Ultra™: a New DC Fast Charger Designed to Provide the Ultimate Fast Charging Experience

    FLO Introduces FLO Ultra™: a New DC Fast Charger Designed to Provide the Ultimate Fast Charging Experience

    February 7, 2023 FLO introduced FLO Ultra, an ultra-fast charger engineered to maximize energy delivery with future-proof performance and smart design that enables the ultimate EV charging experience. “EV demand and sales are topping all industry expectations and are now forecasted to exceed more than 45% of U.S. light duty vehicle sales by 2030,” said Nathan Yang,… Read More…