Schneider Electric Innovation Days 2024
Published on : Thursday 05-09-2024
The Company launched eight new innovative products and solutions to accelerate India’s energy transition.
In early August 2024, Schneider Electric, the leader in the digital transformation of energy management and nextgen automation, launched eight new innovative products and solutions at its multi-city Innovation Days 2024, held at Mumbai. With similar events planned for Delhi, Bengaluru, Ahmedabad, and Kolkata, the Company intends to directly engage with over 2,000 end customers, partners, and stakeholders in person, and thousands more digitally.
These events will serve as a dynamic platform to unveil a wide range of new and innovative products and solutions from the Schneider Electric Portfolio, designed to be more efficient, reliable, sustainable, and safe. The event will also feature expert sessions with industry leaders to catalyse change across the entire ecosystem.
Speaking about Innovation Days 2024, Deepak Sharma, Zone President – Greater India and MD & CEO, Schneider Electric India said, “Schneider Electric is deeply committed to advancing the Innovation and Sustainability roadmap of India through our extensive range of products, systems, software, and services-driven portfolio. The Multi-City Innovation Days will provide a first-hand look at more than eight new products and solutions that we have launched for a diverse set of customers. This makes Innovation Day the biggest platform in the last 5 years for new offer launches. Our goal is to equip our customers and partners with state-of-the-art solutions and technologies covering Energy management and NextGen automation, thereby helping in creating a brighter, more sustainable future for India and for the world. With continuous focus on innovation, we are committed to playing a pivotal role in driving India's journey toward energy efficiency, bolstering decarbonisation efforts, and accelerating the nation’s growth and development on its path to becoming net-zero.”
Addressing the Media Roundtable organised on the occasion, Mr Sharma drew attention to the fact that Schneider Electric has been present in India for almost 60 years and today has almost 30 plus plants and more are on the anvil. The figures are significant – 38,000 employees in the country, of which almost 6,000 plus are dedicated to R&D development. India is one of the four hubs of the group globally, which means it is empowered to make decisions, not to develop products in India for India, but for global distribution.
“We're building more, you know we've been talking about some investments for two years now, and all those investments we promised are in action so the new factories are coming up. We will also be investing in building our infrastructure for R&D and digital. Recently we had our cooling factory inaugurated in Bangalore, the Rudrapur plant in Uttarakhand went live and it's now producing to its capacity. We also announced the opening of our biggest campus in Bangalore – the Bagmane Solarium City. While we say that we also feel pride that our biggest factory will soon be coming up at Bangalore, it is going to be again the biggest factory of Schneider Electric in the world with 1.2 million sq.ft space,” he stated.
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The state-of-the-art campus Bagmane covers an area of ~ 630,000 sq.ft and features a Global Innovation Hub, Training centre, R&D centre, Skill centre and the Digital Hub. With a capacity to accommodate over ~ 8000 professionals, this is the biggest office for Schneider Electric in the world.
“With innovation as a backbone, our continuous endeavor is to bring new technologies and not just hardware, but more digital, more connected, and now also loaded with artificial intelligence and machine learning. As of now, we're already in deployment of almost 240 applications in the market, which can help us to achieve machine learning and AI applications that help us build a more digital solution,” said Sharma.
Referring to sustainability, Sharma emphasised how Schneider Electric is committed to make tomorrow more sustainable. “I think at Schneider Electric we started talking about sustainability almost 15-20 years ago when the awareness was much less than what it is today. But the good thing is now everybody's talking about it now, and it is a good thing that all of us admit that there's a problem and all of us are committed to solve the same,” he stressed.
Finally, the proof of the pudding is in its eating. ‘We eat our own food’, is what the Company often reiterates. All these have been used, tested and fine tuned at Schneider Electric’s own plants in India and elsewhere globally.
“All the technologies we're talking about are already in place, in operation in our own factories. Of our 31 factories in India the recent ones are fully integrated, but even those built earlier, the modern architectures were deployed more than 10 years later and one of these became the Lighthouse example in the country,” Deepak Sharma concluded.
The eight new launches at the Mumbai Innovation Day 2024
MasterPacTMTZ Active: A revolutionary new circuit breaker designed to set new benchmarks for safety, efficiency, and sustainability while ensuring business continuity. It has the Industry’s first native ERMS (Energy reduction Maintenance Setting) for providing superior safety against internal arc which happens during maintenance. It enables customers to respond to complex daily challenges, including 24/7 uptime demands, spiralling energy costs, and urgent calls for sustainable practices.
BlokSeT Lean LV Switchboard: Next generation BlokSeT Lean LV switchboard comes with a compact design with ~ 30% less copper and reduced carbon footprint of up to ~ 30%. This next generation of LV switchboard is IoT ready with wireless connectivity and provides 24x7 real time panel health monitoring of thermal protection to ensure enhanced safety and uptime.
Wiser 2.0 Smart Home Energy Management Solution: The latest Smart Home Energy Management solution comes with best-in-class technology and safety features. This solution helps customers save ~ 20% energy savings (based on research on HEMS by BEE). It is built to transform any new or existing home into a smart home in less than 4 hours, with everything connected, everything digital and everything through an app.
Miluz Lara Switches and Sockets: Industry’s 1st Modular Switches range with built in Air Quality Indicator. Made for thinner walls and compact spaces that are popular in Mivan and modern construction methods, Miluz Lara is a testament to Schneider Electric’s commitment to design, safety, efficiency, and innovation. Mivan construction uses aluminum formwork panels to cast concrete, which can help speed up construction and reduce costs. Other features include USB-type A+C charging ports, voltage surge protectors and connected switches to maximise comfort.
Galaxy VXL: A modular 3-phase UPS that allows for scalability, internal redundancy, and compatibility with various batteries. It delivers up to 97.5% efficiency in double conversion mode and up to 99% in conversion, reducing the total cost of ownership.
RM Airset: RM AirSeT, an SF6-free GIS, combines pure air technology to decarbonise grids while enabling enhanced performance, reliability, and efficiency of distribution networks.
EvoPact HVX-O- MV Breaker: This product is part of the Make In India commitment and addresses the renewable market to support the Government of India’s clean energy generation and distribution initiative.
EcoCare Services Membership Plan: This helps customers reduce up to ~75% electrical failure risk and unplanned downtime. It will further help them reduce by up to ~40% on-site activities and planned downtime costs, extending asset lifespan and reducing carbon emissions – in homes, at data centres, industries, buildings, infrastructure and many more.
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