​SCHNEIDER ELECTRIC AND BLOOMBERG NEW ECONOMY LAUNCH ENERGY TECHNOLOGY COALITION TO UNLOCK THE FUTURE OF ‘SMART DEMAND’

SINGAPORE & LAS VEGAS, Nov 19 (Bernama) -- Schneider Electric, a global energy technology leader, and Bloomberg New Economy announced today the launch of the Energy Technology Coalition (‘Coalition’). This new private sector initiative brings together global decision makers and experts across industries to accelerate the adoption of technologies that make energy consumption more efficient, resilient, and responsive amid soaring global electricity demand. The Coalition, co-chaired by Schneider Electric and Bloomberg New Economy, was unveiled during Schneider Electric’s Innovation Summit North America in Las Vegas, attended by 2,500+ industry leaders, and at the Bloomberg New Economy Forum in Singapore.

At a time when many energy investments are focused on increasing electricity supply to meet the rising demands of AI data centers and growing populations, the Coalition focuses on how energy can be used more efficiently. It will explore how AI, among other emerging technologies, can provide solutions that both optimize energy use and improve responsiveness of the power grid, enabling the integration of more energy sources, including clean power.