Schneider Electric, the leader in the digital transformation of energy management and automation and The World’s 2021 Most Sustainable Corporation, believes that electricity is the only energy that offers the fastest vector for decarbonization through a combination of renewables and digital software-led solutions. Smart bi-directional grids – or Grids of the Future – are the only way to enable the energy transition, helping the world halve its emissions by 2030 by removing 10Gt of CO2 per year and keeping within the 1.5C warming tragectory. Grids of the Future enable this through allowing multiple sources of locally generated decentralized renewable energy to combine safely, reliably, resilience and efficiently while stemming transmission and distribution energy losses.
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As the frequency of climate-linked severe weather events intesify, Schneider Electric delivers innovative, new software solutions designed to enable greater grid flexibility from distributed clean renewable energy (Electricity 4.0), maximize reliability and resilience, and improve operational efficiency of grid management. Decentralized generation is the future, with a joint Schneider Electric -Bloomberg New Energy Finance (BNEF) assessment indicating that solar is a major under tapped opportunity, with the potential see 167 million households and 23 million businesses worldwide hosting their own clean power generation by 2050. These deployments will unlock major decarbonization benefits, but policy and tariff design will be critical to enable them.
Paving the way to the electric decade
All roads to decarbonization rely on distribution utilities (DSOs) that manage the essential infrastructure for the energy transition. Only a data-driven grid overhaul allows the ‘prosumer revolution’ – the ability of consumers and businesses to generate their own renewable energy through solar and microgrids and sell excess back to the grid – that we are all counting on to decarbonize the biggest CO2 emitters, including buildings, homes and personal transportation. With EcoStruxure Grid software and services, Schneider aims to equip distribution utilities with data gathering, data management and advanced analytics solutions that let digital speed up the hard work of decarbonization.