Schneider Electric to build microgrid on its campus utilizing new funding model
Written By: Stratton Report
February 10, 2016
On February 10, Schneider Electric announced it will build a microgrid system at its Boston One Campus to develop, test and showcase microgrid energy management solutions. The system will include a 400 kilowatt photovoltaic system built and operated by REC Solar.
The microgrid will be deployed via a new business model that does not require any capital investment by Schneider Electric. Beyond saving the company nearly 5 percent on electricity costs at the site in its first year, the microgrid will offer power resiliency in the event of a power loss from the local utility.
Laurent Vernerey, President and CEO of Schneider Electric’s North American Operations noted:
“The Boston One Campus was built to showcase the connectivity, sustainability, efficiency, reliability and safety innovations at the heart of Schneider Electric. Deploying Schneider Electric technologies across the Boston One Campus creates a living laboratory at our North American R&D hub that will drive global innovation in efficiency and energy management solutions.”