How Schneider Electric became corporate America’s go-to decarbonization partner
Summary
Schneider Electric, in fact, has been around for 187 years, the result of two banker brothers investing in coal and iron ore mines in a small town in Eastern France. The company helped industrialize and arm France, building railway bridges and producing weaponry, before entering the emerging electricity market a cool 130 years ago. At first, that meant “scraping utility bills” to manage companies’ energy footprint, advising clients like Hilton or Marriott, which have thousands of locations, “how to buy better and reduce their consumption,” as Wilhite put it. It is the launch of a sustainability software product called Zeigo, which makes much of the energy advice Schneider was giving to large multinationals, available to their thousands of SME suppliers. Under the new rules, 35% of short-haul freight vehicles and one-quarter of long-haul trucks, will need to run on electric batteries,” my colleague, Vivienne Walt, wrote in Fortune on Thursday.
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