Schneider Electric and Temasek Funds GreeNext Venture Targeting India First
Posted on 12/13/2021
Schneider Electric and Singapore’s Temasek Holdings revealed the creation of GreeNext, a joint venture that will provide services to commercial and industrial customers through solar and battery hybrid microgrid technology. GreeNext will utilize pre-engineered standardized microgrid technology, which increases deployment speed, that will distribute solar power and come with integrated, digitally optimized batteries to store power, providing an additional layer of reliability. GreeNext seeks to profit as a subscription service and GreeNext will remove the need for large upfront capital or expensive infrastructure upgrades throughout the lifetime of the contract. This pilot phase will focus initially on India, with potential for further expansion to Southeast Asia.