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


Changing Scene

  • Schneider Electric Appoints Frederick Morency to Drive Electrification and Sustainability in Canada

    Schneider Electric Appoints Frederick Morency to Drive Electrification and Sustainability in Canada

    October 3, 2022 Schneider Electric has recently announced the appointment of Frederick Morency as Vice President, Sustainability, Strategic Initiatives & Innovation to lead its Electrification and Sustainability strategy in Canada. Frederick has been with Schneider Electric for 25 years and most recently served as Vice President, Services, where he orchestrated strong digital experiences between Schneider Electric’s partners, customers and… Read More…

  • Sonepar Acquires PEPCO

    Sonepar Acquires PEPCO

    September 30, 2022 Sonepar announced that its U.S. subsidiary has entered into an agreement to acquire Professional Electric Products Co., Inc. (dba “PEPCO”). With a strong presence in the state of Ohio, this acquisition offers Sonepar the opportunity to expand in the 6th largest electrical distribution market in the U.S. A family-owned business headquartered in Eastlake, Ohio, since… Read More…


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…