iPhone | iPad
Android
Huawei
Occidental’s stock jumped nearly five per cent on Tuesday to trade for $62.89 after Buffett revealed his latest purchases of nearly 6.7 million Occidental shares worth more than $400 million
KT APPDOWNLOAD
Hitachi Energy, Schneider Electric collaborate to speed up the energy transition
Collaboration to accelerate the deployment of sustainable and smart energy management solutions
Supplied photos
Hitachi Energy, a market and technology leader in transmission, distribution and grid automation solutions, and Schneider Electric, the leader in the digital transformation of energy management and automation, announced today that they have entered into a collaboration to provide greater customer value and accelerate the energy transition.
Jean-Pascal Tricoire and Claudio Facchin.
The non-exclusive collaboration will support customers' sustainability efforts, including the decarbonisation of the energy and industrial sectors. Hitachi Energy can leverage Schneider Electric’s medium-voltage portfolio, while Schneider Electric will be able to use Hitachi Energy’s high-voltage portfolio to provide more comprehensive offerings.
This new collaboration builds on the trusted track record, global footprint, and extensive experience of both these sustainable energy technology leaders in delivering projects for renewables, data centers, mining, and other industry segments. Both companies expect this collaborative ecosystem to ensure benefits for customers across their operational life cycle, including a more holistic offering, strengthened supply chain and enhanced efficiencies.
“We continue to innovate with technology and business models to advance a more sustainable, flexible and secure energy system”, said Claudio Facchin, CEO of Hitachi Energy. “We have chosen to collaborate with Schneider Electric by enhancing our complementary portfolios and address the need of faster deployment of grid solutions for our customers,” he added.
“We are launching this collaboration to help our customers deploy the green electricity solutions instrumental in the fight against climate change”, said Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric. “With Hitachi Energy, we’re committed to leveraging our respective strengths in order to solve our customers’ most pressing energy challenges,” he concluded.
— business@khaleejtimes.com
More news from Business
Recession, demand expectations also weigh on market; Russia oil exports halted via southern leg of Druzhba pipeline
In July, the Dubai PMI rose to 56.4 in July from 56.1 in June, underscoring the resilience of the non-energy private sector economy by showing the best performance since June 2019
The increases varied according to seniority and were part of a mid-cycle salary adjustment for inflation, with top executives receiving smaller or no increases
Russia oil exports halted via southern leg of Druzhba pipeline; Recession, demand fears also weigh on market; EU puts forward ‘final’ text to resurrect Iran nuclear deal
The petrochemicals company attributes the increase in profit to higher average selling prices despite an increase in feedstock costs and higher selling and distribution expenses
Federal safety officials have confirmed they will let Boeing resume deliveries of the 787 Dreamliner jet
Abu Dhabi investment firm acquires 55.9 per cent of the Egyptian firm at 1.485 Egyptian pounds a share, valuing the company at $34.6 million