Le Lézard
Classified in: Oil industry, Environment, Business
Subject: LIC

Huck Capital and Schneider Electric announce partnership to deliver energy-as-a-service, enabling commercial buildings to easily convert to renewable energy

SAN FRANCISCO, Aug. 14, 2020 /PRNewswire/ -- Today Schneider Electric, the leader in digital transformation of energy management and automation, and Huck Capital, an investment firm committed to transforming the century-old utility model, announce a partnership to create a new company that will deliver energy-as-a-service to commercial and industrial buildings. This partnership combines Schneider's industry leading energy management and microgrid expertise with Huck's sustainability-focused investment and operational focus. The partnership creates an innovative alternative for building owners and operators who want to transition to renewable energy to lower emissions, increase resiliency, and reduce costs, without investing in renewable energy assets and relying on specialists to operate the microgrid.

Emmanuel Lagarrigue, Chief Innovation Officer for Schneider Electric said, "Renewable energy, generated by buildings is no longer only accessible by a select few with in-house energy expertise and the capital to invest. This partnership will make decarbonized, on-site generated energy simple and accessible to a much bigger market".

Small and medium buildings represent over 90% of buildings in the U.S. and Canada today. In addition, a recent Wood Mackenzie study found that 600,000 buildings in the US, with a total demand of 145 GW, could save money by switching to on-site solar energy. 1  

Microgrids are the ultimate solution for companies wanting to ensure a steady supply of decarbonized energy while climate events like hurricanes and wildfires continue to ravage antiquated grid systems.

"Businesses want to maximize their energy independence and minimize their carbon footprint," said Steve McBee, Founder and CEO of Huck Capital. "This model supercharges momentum for a zero carbon future and provides customers the clean, affordable, and reliable solutions they demand. The energy transformation has arrived, and there is no better partner to meet the moment than Schneider Electric."

Jeff Ubben, Founder and Managing Partner of Inclusive Capital Partners believes "the partnership of the Schneider Electric brand, team and products with Huck Capital's operational focus on behind-the-meter solutions makes for a compelling opportunity. Inclusive Capital Partners is excited to participate as the lead investor supporting this partnership".

The energy-as-a-service model simplifies what today can be a very custom, complex and expensive process by providing standardized, modular, pre-engineered solutions. An average commercial microgrid using renewable energy delivers over 10,000 tons of greenhouse gas savings over its lifetime, the equivalent of saving 21 million car miles. The new company's pipeline projects 5 megatons of greenhouse gas savings.

The new company's CEO Jose Lorenzo said, "We know in the current crisis companies need to conserve cash, and our solution will enable them to decarbonize and reduce energy costs- while freeing up capital to keep their business running". Customers pay for resilient and sustainable energy outcomes at a cheaper rate without the hassle of investing in and operating microgrids.  

Schneider Electric will announce the commercialization of the new offer in the coming weeks, reaffirming their leadership in building solutions for the new electric future including distributed energy resources and microgrids.

1 https://www.forbes.com/sites/woodmackenzie/2020/08/04/us-commercial-solar-presents-massive-opportunity/#46ba2f3c35d8

About Schneider Electric

At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment.

We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries.

We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.


Discover more:

Life Is On


+ Lifecycle Services  

About Huck Capital

Huck Capital makes investments in a new generation of clean, customer facing energy companies that sustainably power the world's energy needs.

We are a team of former operators, investors and entrepreneurs who have deep industry experience transforming energy companies into more efficient and sustainable businesses. We believe that a net zero emissions future is possible through bold action to build resilient clean energy companies.


About Inclusive Capital Partners

Inclusive Capital Partners was formed in 2020 by a team of experienced investors with a shared passion for positively leveraging capitalism and governance in pursuit of a healthy planet and the health of its inhabitants.  Based in San Francisco, the investment firm seeks long-term shareholder value through active partnership with companies whose core businesses contribute solutions to this pursuit. 


SOURCE Schneider Electric

These press releases may also interest you

at 17:30
Ballard Power Systems today announced the company is expanding manufacturing capacity for production of its proprietary membrane electrode assemblies, or MEAs ? a critical component of every fuel cell ? 6x by early 2021 at its headquarter facility...

at 17:30
LevelTen Energy is honored to be recognized by three prominent organizations for its innovation in the renewable energy industry. LevelTen received a 2020 Green Power Leadership Award from the Center for Resource Solutions (CRS) and Environmental...

at 17:15
The "Distributed Acoustic Sensing (DAS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global distributed acoustic sensing (DAS) market...

at 16:16
Direct Energy Regulated Services has announced default natural gas rates for October 2020. These rates will apply to customers who have not chosen a competitive supplier within the ATCO Gas North and South service territories. The rates have been...

at 15:53
Direct Energy Regulated Services (DERS) has announced default electric rates for October 2020. The Regulated Rate Option (RRO) sets the rate per kilowatt hour that regulated customers pay for electric energy in the ATCO Electric service territory....

at 15:20
American Electric Power today announced that it will accelerate its electric vehicle purchases with the goal of replacing 100% of its 2,300 cars and light-duty trucks with EV alternatives by 2030. AEP's total fleet is composed of nearly 8,000...

News published on 14 august 2020 at 09:56 and distributed by: