Wednesday, June 19, 2024

Schneider Electric to invest US $72.5M in Mexico energy services

French multinational Schneider Electric have announced an additional US $72.5 million investment in their Mexican energy automation services.

The investment is earmarked to upgrade operations in their facilities in the states of Tlaxcala, Nuevo León and Mexico City, in response to increased demand. 

Much of Schneider Electric’s operations in Mexico is focused on the manufacturing and installation of energy management equipment. (Twitter)

Schneider Electric’s Mexico operations primarily focus on high- and medium-tension electric services for manufacturing facilities. It also has Digital Experience Centers, which allow the company to visualize real-time energy usage and identify areas for efficiency improvements as a result. 

The company is hopeful that upgrades to the network in Mexico will help to attract additional foreign investment since ensuring a consistent electric supply is a key factor influencing business investor choices in the current nearshoring boom.

Another goal is to provide a platform for new technology to combat climate change – a factor already causing significant problems in the region. Schneider has identified energy efficiency as a key element of its business, with Director of Digital Energy for Mexico Arturo Granados telling Global Energy magazine that the company has been trying to find ways to automate energy usage and reduce potential waste.

The automotive and logistics industries – two key elements of the Mexican economy – have been singled out as targets for energy automation, as Schneider looks to reduce the amount of power consumed in these sectors. 

The investment marks a commitment by Schneider Electric to “continue working hand in hand with our customers and collaborators in the electricity industry to build a more sustainable world, with innovations that consolidate a more electrical and digital Mexican industry,” said General Director for Mexico and Central America Jesús Carmona. 

Schneider has already invested more than US $105 million into the Mexican market since 2018.

With reporting by Forbes and Global Energy

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