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The energy efficiency, distributed energy and building automation project aims to help the city stabilize operating costs and maintain services during outages, a city official said.
The group now expects full-year adjusted organic earnings before interest, taxes and amortization growth of between 14% and 19%, up from 10% and 15%.
Schneider Electric (ENXTPA:SU) agreed to acquire Cognite Holding B.V., expanding its digital and data-focused capabilities in energy management and automation. The company also entered a partnership with Southern California Edison to deploy SF6-free grid equipment for U.S. utility operations. Schneider Electric is a global supplier of energy management and automation solutions, with a focus on hardware, software, and services that help customers control power use and industrial processes...
July 1 (Reuters) - European shares slipped on Wednesday, pausing after a strong finish to the second quarter and amid caution over signs that peace talks between Iran and the United States hit a new
The acquisition expands Schneider's industrial AI software business by combining Cognite with Aveva.
Over the past week, Hewlett Packard Enterprise and partners including Veeam, Rocket Software, Citrix, Vultr, Schneider Electric, and CloudCasa announced expanded collaborations and product launches spanning AI data centers, private cloud, networking, security, and disaster recovery, while HPE also detailed unified partner programs and hybrid quantum-HPC initiatives. Together with management’s disclosure of very large AI-driven revenue growth and accelerated earnings targets, these moves...
American Microgrid Solutions will use Schneider’s EcoStruxure technology to help facilities launch backup power quicker and with more impact in outages, the companies say.
Schneider Electric narrowly beat first-quarter revenue expectations on Thursday, once again boosted by the global artificial intelligence data centre buildout reinforcing the French group's role as one of the most sought-after suppliers. Large cloud providers, also known as hyperscalers, are expected to invest more than $600 billion into data centres and other AI-related infrastructure this year alone, analysts say. Schneider makes power equipment, server racks and most importantly cooling systems that let energy-hungry data centres operate at peak performance.
Microsoft (NasdaqGS:MSFT) and Stellantis announced a multi year AI and cybersecurity collaboration that includes rolling out Microsoft Copilot and Azure across global operations. Stellantis plans over 100 joint AI initiatives and aims to give all employees access to Copilot for daily work and decision support. At Hannover Messe, Microsoft highlighted new industrial software partnerships with Schneider Electric, Aras, Teradata and others tied to its AI and cloud platforms. The announcements...
At Hannover Messe 2026, Schneider Electric and Microsoft unveiled advancements in AI-powered, open software-defined automation for agentic manufacturing. This collaboration offers a unified approach to enhance manufacturing efficiency and resiliency by integrating EcoStruxure Automation Expert with Microsoft's Azure cloud and AI services. The platform allows manufacturers to standardize processes, simulate and validate automation logic, and expedite production changes, significantly reducing...
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