Raw: [
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the latest innovations and progress towards accelerating grid modernization at DISTRIBUTECH International® 2024, the leading annual transmission…
The post Schneider Electric Accelerates Grid Modernization with Advanced DERMS, AI-powered Solutions, and Open Collaboration appeared first on ESG News.
]
Schneider Electric Accelerates Grid Modernization with Advanced DERMS, AI-powered Solutions, and Open Collaboration – ESG News
LOADING
ESG News
ESG Business
Sustainability
Technology
Infrastructure
ESG Reporting
ESG Standards
Environmental
Government
Diversity, Equity & Inclusion
ESG Investing
Sustainable Finance
ESG Funds
Digital Assets
ESG Lifestyle
ESG Events
Upcoming Event List
International
ESG Europe
ESG Asia
ESG India
ESG Russia
ESG Middle East
ESG Japan
ESG Canada
ESG Latin America
ESG United Kingdom
Videos
Force For Good
Greenwich Economic Forum
UN Global Compact Leaders Summit 2022
Blockchain for Europe
UNCTAD Sustainable Stock Exchange Initiative
Humanity 2.0
World Economic Forum
Caspian Week
Converge2Xcelerate
International WELL Building Institute
EarthX
Type to search
ESG NewsESG Business
SustainabilityTechnologyInfrastructureESG ReportingESG StandardsEnvironmentalGovernmentDiversity, Equity & Inclusion
Fils and Telr Partner to Drive Sustainability in Finance and Payments
ESG News
February 16, 2024
Deloitte Leads the Way in ESG & Sustainability Services, Verdantix Report Finds
ESG News
February 13, 2024
The English Football Premier League Takes Big Step in Sustainability with New Commitment
ESG News
February 12, 2024
Salesforce Reveals the Gap Between Sustainability Commitments and Business Integration
ESG News
February 12, 2024
Schneider Electric Accelerates Grid Modernization with Advanced DERMS, AI-powered Solutions, and Open Collaboration
ESG News
February 29, 2024
Surge in AI Adoption Among Energy & Utility Companies, IBM Study Finds
ESG News
February 28, 2024
Medtronic Appoints Raman Venkatesh as First Ever Chief Sustainability Officer
ESG News
February 22, 2024
Verizon’s $1 Billion Green Bond Fuels Renewable Energy Expansion
ESG News
February 21, 2024
Italian utility A2A Invests $120 Million to Make Waste-to-Energy Plant More Sustainable, Cut Emissions
ESG News
February 27, 2024
FedEx Commits to Sustainability with Cutting-Edge Hub in Dubai South
ESG News
February 23, 2024
EU Pledges €233 Million for Green Transition through Strategic Environment and Climate Projects
ESG News
February 23, 2024
Biden-Harris Administration Invests $5.8 Billion in Clean Water Infrastructure
ESG News
February 20, 2024
SBTi Unveils Reports to Boost Corporate Climate Efforts Beyond Traditional Scope
ESG News
February 29, 2024
Singapore to Introduce Mandatory Climate Reporting Beginning 2025
ESG News
February 29, 2024
Deutsche Bank Unveils Updated Sustainable Finance Framework, Underscoring Commitment to Sustainability Goals
ESG News
February 28, 2024
Australian Employer Gender Pay Gap Report Exposes Top Companies
ESG News
February 27, 2024
Ford, Other Industry Leaders Support Strengthened EPA Standards on Heavy-Duty Vehicle Emissions
ESG News
February 9, 2024
Suncor must pay a record $11 Million fine for air pollution violations at Colorado refinery
ESG News
February 7, 2024
GRI Launches First Global Standard to Address Sustainability Impacts of the Mining Sector
ESG News
February 6, 2024
Schroders Achieves CDP ‘A’ Rating for Climate Leadership
ESG News
February 6, 2024
Australian Employer Gender Pay Gap Report Exposes Top Companies
ESG News
February 27, 2024
UK Government to help more black cab drivers go green with further funding support
ESG News
February 23, 2024
BBVA Sets Annual Record of €70 billion for Sustainable Business in 2023, up 39 percent
ESG News
February 2, 2024
Goldman Sachs and IFC Enhance Support for Women Entrepreneurs with New Initiative in Emerging Markets
ESG News
January 25, 2024
ESG Investing
Sustainable Finance ESG Funds Digital AssetsESG LifestyleESG Events
Upcoming Event ListInternational
ESG Europe ESG Asia ESG India ESG Russia ESG Middle East ESG Japan ESG Canada ESG Latin America ESG United KingdomVideos
Force For Good Greenwich Economic Forum UN Global Compact Leaders Summit 2022 Blockchain for Europe UNCTAD Sustainable Stock Exchange Initiative Humanity 2.0 World Economic Forum Caspian Week Converge2Xcelerate International WELL Building Institute EarthX
Get Breaking ESG News Alerts
Daily Newsletter
Join Now
videocam
Latest News
Seven simple questions
Help us improve your experience, delivering more of what you want
ESG Survey
Seven simple questions – Help us improve your experience, delivering more of what you want!
Schneider Electric Accelerates Grid Modernization with Advanced DERMS, AI-powered Solutions, and Open Collaboration
Energy
/
Sustainable Business
/
Technology
/
Schneider Electric Accelerates Grid Modernization with Advanced DERMS, AI-powered Solutions, and Open Collaboration
by ESG News
•
February 29, 2024
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Listen to this story:
Rapid innovations and stepwise deployments deliver immediate value for electrification and decarbonization
Schneider recognized by Guidehouse Insights as a leader in both Grid DERMS and Grid Edge DERMS Markets
Grid to Prosumer portfolio bolstered by new solutions for distributed energy management and optimization
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the latest innovations and progress towards accelerating grid modernization at DISTRIBUTECH International® 2024, the leading annual transmission and distribution event for utilities, technology providers, and industry leaders. Schneider has also affirmed their leadership in distributed energy resources management with its recognition by Guidehouse Insights as a leader in 2024 for both Grid DERMs and Grid Edge DERMS and #1 in 2023 for ADMS, reinforcing its strength with an industry-leading end-to-end portfolio and ecosystem for grid modernization.
Today’s electric grids are facing rapidly shifting market dynamics driven by both supply and demand side innovations that transform the energy value chain from grid to plug. This revolution is underscored by the exponential growth of distributed energy resources—like solar, wind, EVs and microgrids—occurring now and expected in the coming years. To keep up with demand, utilities must digitalize and shift their business model toward more customer services and energy orchestration.
Schneider Electric is advancing grid intelligence and efficiency with its system architecture and ecosystem that is open, interoperable, scalable and IoT-enabled. This extends a history of Schneider being a leading operations platform provider, which is further proven with the latest enhancements and innovations in advanced distribution management from EcoStruxure ADMS, as well as strategic investments, as demonstrated in Schneider’s collaboration with Itron. Collaboration is paramount to solving the emerging challenge to maximize grid capacity in response to the growth of DER and electrification, and utilities are motivated to partner with trusted and innovative technology vendors.
“Schneider Electric is accelerating the world’s decarbonization journey by enabling utilities to deliver resilient, reliable, affordable, and cleaner energy in a more complex energy landscape,” said Scott Harden, Chief Technology Officer, Innovation at Schneider Electric. “With a concerted effort to break down silos and bring an integrated approach to grid modernization and management, Schneider continues to demonstrate its strength through rapid innovations, strategic partnerships, and novel investment strategies, backed by the most comprehensive portfolio for grid modernization and lifecycle management.”
Grid Optimization for Distributed Energy Resources and Distribution Management
Schneider Electric’s Grid to Prosumer portfolio provides secure, end-to-end digitalization with its latest advancements for utilities and prosumers, including:
EcoStruxure ADMS (Advanced Distribution Management System) delivers new capabilities to boost efficiency, reduce costs, improve reliability and increase grid efficiency. The new ADMS release further solidifies Schneider’s leading position as recognized by Guidehouse Insights and lays the foundation for ongoing innovation for years to come.
Flexible deployment: modular cloud and on-premise deployment provides the highest flexibility in deploying mission-critical solutions, catering to the evolving cloud business model transformation in the smart grid industry.
Seamless integration: Native integration with EcoStruxure ADMS, EcoStruxure ArcFM, EcoStruxure DERMS and/or EcoStruxure Energy Transmission Operation adds value with the ability to manage the grid data model in an adaptive, automated way.
Future-ready and evergreen: Software development kit (SDK) libraries, industry-leading quality, and automated deployment and testing simplify software upgrades and enable extensions by certified partners, expediting software access, deployment and upgrades.
Harnessing the power of AI: Building on AI use cases for load/generation forecast and load profile generation, the new release delivers more accurate estimated time of restoration (ETR)—leveraging the power of AI to vastly improve grid operations, utility efficiency and customer satisfaction.
EcoStruxure ArcFM XI, our geographic information systems (GIS) suite of applications offers a map-centric, intuitive way to model, design, maintain, and manage facility and land-based information, and seamlessly integrates with EcoStruxure ADMS for real-time, two-way communication. A recent implementation at a large electric utility showcased over 99% data accuracy, setting the foundation of best practices guiding utilities through a streamlined data migration to Esri’s ArcGIS Utility Network.
ION 7400 facilitates reliable metering and seamless integration of DER assets onto the grid, and has been enhanced with new feature-sets, easily upgradable in the field without any hardware replacement: (1) Advanced: simpler and cost-effective Class 1 PQ panel-mount or DIN rail meter; (2) Essential: offering flexibility to customers to install a cost-effective revenue meter at lower metering points in the energy supply chain, while maintaining the power of ION programmability.
EcoStruxure Power Automation System with PowerLogic P7 protection relay offers a digital twin to create a virtual representation of a substation that spans its lifecycle for more reliable electrical grids, reduced maintenance costs, and optimized power management. It supports the transformation of today’s electrical grids with greater flexibility to optimize energy from distributed resources and manage the end-to-end lifecycle of the electrical substation.
The Value of Collaboration and Open Systems
Schneider Electric continues to help solve the most complex customer challenges in collaboration with technology partners and portfolio companies and with the strength and breadth of the industry’s broadest ecosystem. With Uplight’s acquisition of AutoGrid, Schneider Electric extends its grid to prosumer momentum for flexibility services, Virtual Power Plants, and prosumer engagement as a single pane of glass solution.
Related Article: Schneider Electric and ENGIE Launch Tax Credit Transfer for Renewable Energy in North America
Enterprise projects today typically follow a lengthy playbook for deploying new systems with high upfront costs. But with incremental upgrades and agile deployments, utilities can flip the script and gain immediate value by digitalizing assets and integrating systems in a stepwise approach that lays the groundwork for the future. Schneider went live with EcoStruxure DERMS in collaboration with PG&E last year. Within 2 months from project kickoff, PG&E project team members were utilizing the software and in 7 months the solution was in production thanks to a cloud environment hosted on Microsoft Azure. With Schneider’s cloud-based deployments, utilities can cut time to execute by over 60%.
Schneider is platforming grid software solutions with a data-centric architecture that places data and analysis at the heart of decision-making. Supporting and driving industry standards enables flexibility, interoperability, and security across the architecture, and integration through industry open standards establishes Schneider’s commitment to easing data management—influencing and promoting adoption of distributed energy resources and end-to-end solutions for a digitalized, optimized and modern grid.
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Topics
Decarbonization
ESG
ESG News
Schneider Electric
Sustainable Electrification
Related Articles
EU Council fails to approve new environmental, human rights sustainability due diligence law
ESG News •
February 29, 2024
Iberdrola, Inditex, Santander, and Telefónica Launches 1st Ever Forum on Sustainable Legal Practices
ESG News •
February 29, 2024
SBTi Unveils Reports to Boost Corporate Climate Efforts Beyond Traditional Scope
ESG News •
February 29, 2024
Singapore to Introduce Mandatory Climate Reporting Beginning 2025
ESG News •
February 29, 2024
Mar
1
All day
World Seagrass Day
Mar
1
All day
Zero Discrimination Day
Mar
3
10:00 am – 12:00 pm EST
World Wildlife Day
Mar
3
10:00 am – 5:00 pm EST
World Wildlife Day
Mar
3
10:00 am – 5:00 pm EST
World Wildlife Day
View Calendar
Today’s Top ESG Stories
SBTi Unveils Reports to Boost Corporate Climate Efforts Beyond Traditional Scope February 29, 2024
Singapore to Introduce Mandatory Climate Reporting Beginning 2025 February 29, 2024
EPA Launches $3 Billion Clean Ports Program for Zero-Emission Infrastructure February 29, 2024
British Airways owner IAG signs biggest ever deal for sustainable aviation fuel of nearly 1 billion litres February 29, 2024
EU Sets Ambitious Targets to Restore Ecosystems by 2050 February 28, 2024
ESG News Quote of the Day
You have a responsibility to make inclusion a daily thought, so we can get rid of the word ‘inclusion’.
Theodore Melfi, American filmmaker
Tweet
ESG News Daily Newsletter
First Name
Last Name
Email address:
Leave this field empty if you’re human:
Related Stories
UK Energy Transition Stalls, DNV Report Warns, Urges Urgent Action
UK Government to help more black cab drivers go green with further funding support
Iberdrola Q-Cero: Over 40 Companies Unite for Thermal Demand Decarbonization in Spain
Fastmarkets Sets Benchmark with New European Low-Carbon Steel Price
About ESG News About Us
Become a Contributor
Newsletter
Contact Us
Services Advertise With Us
Sponsorships
Events
News Agency
Terms & Privacy Terms & Conditions
Privacy Policy
Cookies
Copyright
Follow Us
YouTube
©2021 ESG News Corp. All rights reserved.
Add ESG News to your home screen?
Add this web page on your home screen for quick and easy access when you’re on the go.
Just tapthen “Add to home screen”
×