Schneider Electric has launched its digital architecture, EcoStruxureTM Grid, which is an open IoT-enabled framework for the digital transformation of distribution utilities. EcoStruxureTM leverages IT-OT convergence, ensuring high efficiency in grid operations and optimal asset management, and enables an overall digital transformation. Schneider Electric, in partnership with IDC, has also released a white paper that outlines the Indian utilities’ increased focus on operational efficiency to improve their financial position, with efficiency improvement and cost reduction being their two key priorities for the next 12-18 months. According to the paper, IoT, analytics and cloud capabilities are particularly important elements for utilities seeking to monitor and control equipment, and manage their grid environment. In a separate development, the company has commissioned a 720 kWp capacity solar power project at its manufacturing facility in Vadodara, Gujarat. The solar project, built on a rooftop area of 6,000 square metres, covers almost 45 per cent of the total factory load and will produce over 1.05 MUs of electricity per year, which would help cut power costs by 20-25 per cent annually. Further, Schneider Electric will be able to cut its carbon dioxide emissions by 1,018 tonnes per year. This is the second solar project that has been commissioned by Schneider Electric at its manufacturing facility in India. In 2015, the company had installed a 120 kWp solar power plant at its Bengaluru unit. The design, engineering, procurement and construction for the plant was done by rooftop solar solutions provider Fourth Partner Energy.
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