‘An Industrial Revolution Unlike Any Before.' But Rigid Infrastructure Is Holding It Back [Forbes]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
NASDAQ:AMEX Investor Relations:
schneider-electric.com/en/about-us/investor-relations
Company Research
Source: Forbes
A.I. is real, but automation too is absolutely essential.” That's what Gwenaelle Avice-Huet , Executive Vice President of Industrial Automation at the global energy technology company Schneider Electric declared in remarks to the ~2500 industry leaders attending the company's recent U.S. Innovation Summit. She added that “the North America grid is under huge pressure like never before, because we have rising demand, aging infrastructure and at the same time, a push for decarbonization.” Industry's facilities “use over 30% of the region's electricity. So it's quite enormous.” These industry players are “key to grid stability and efficiency,” not just energy consumers. They include every aspect of the energy ecosystem, such as chemical companies, water systems, utilities, etc., each of whom “have a role to play in matching demand and consumption of energy,” she said. Leading companies and industries “are the ones that combine altogether automation, electrification, and digital intel
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