STMicroelectronics Partners with Schneider Electric on Carbon Neutrality and Co-Development of Energy-Efficient Solutions
December 14 2020 - 8:00AM
PR n°C2975C
STMicroelectronics Partners with
Schneider Electric on Carbon Neutrality and
Co-Development of Energy-Efficient Solutions
Geneva, Switzerland, December 14, 2020 –
STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics
applications, has selected Schneider Electric as a strategic
partner to support its goal to reach carbon neutrality by 2027.
Schneider Electric, the leader in the digital transformation of
energy management and automation, will support ST in this next
stage of its ongoing efforts to reduce its global environmental
footprint.
The companies will collaborate on the overall reduction of
energy consumption on ST’s manufacturing and design sites, the
renewable energy sourcing strategy across all of ST’s locations,
and the identification and implementation of credible and relevant
carbon avoidance and sequestration programs.
The partnership builds on a longstanding relationship between
the two companies. Today, ST supplies a variety of energy-efficient
components to Schneider Electric for use in its variable speed
drives, power monitoring systems, building management systems, and
uninterruptible power supply (UPS) systems.
Under the new agreement, ST and Schneider Electric will increase
their cooperation to develop additional joint products,
technologies, and solutions focused on energy efficiency
improvement, supporting digital transformation in buildings,
datacenters, industrial applications, and infrastructure. The
partners will specifically look at the possibilities enabled by
wide-bandgap semiconductors (SiC and GaN), AI-enabled sensors, and
connectivity.
“ST is stepping up its ambition and plans for the sustainability
of its operations to become carbon neutral by 2027. To do so, we
have built a comprehensive program that covers extensive actions in
our fabs – key assets that will strengthen our design sites, our
global energy procurement of 100% renewable energy, and our overall
footprint throughout our operations globally,” said Jean-Marc
Chery, STMicroelectronics’ President & CEO. “These are very
ambitious targets for a global company such as ST. To reach them we
will collaborate with one of the leaders in this field, Schneider
Electric. Schneider’s support will be instrumental in reaching our
own sustainability targets and in the joint development of
technology, products, and solutions that can benefit the industries
we work with and, ultimately, society as a whole.”
“Schneider Electric is supporting the transition to an
all-digital, all-electric world that will meet the challenges of
the climate crisis without leaving anyone behind. But we’re not
doing it alone; our ecosystem—including our customers and our
suppliers—plays a crucial role in this transition,” said
Jean-Pascal Tricoire, Chairman & CEO of Schneider
Electric. “Both a customer and a supplier, STMicroelectronics
is one of our key partners in this endeavor. By using ST solutions
in our products, we can accelerate our performance and efficiency.
In turn, by working with ST to set and achieve its carbon reduction
targets, we create a virtuous cycle that contributes to the fight
against climate change while reaching our respective sustainability
goals.”
About STMicroelectronicsAt ST, we are 46,000
creators and makers of semiconductor technologies mastering the
semiconductor supply chain with state-of-the-art manufacturing
facilities. An independent device manufacturer, we work with our
100,000 customers and thousands of partners to design and build
products, solutions, and ecosystems that address their challenges
and opportunities, and the need to support a more sustainable
world. Our technologies enable smarter mobility, more efficient
power and energy management, and the wide-scale deployment of the
Internet of Things and 5G technology. Further information can be
found at www.st.com.
About Schneider ElectricSchneider’s purpose is
to empower all to make the most of our energy and
resources, bridging progress and sustainability for all.
We call this Life Is On. We drive digital transformation by
integrating world-leading process and energy technologies,
end-point to cloud connecting products, controls, software and
services, across the entire lifecycle, enabling
integrated company management, for homes, buildings, data
centers, infrastructure and industries. We are the most
local of global companies. We are advocates of open standards
and partnership ecosystems that are passionate about our
shared Meaningful Purpose, Inclusive and
Empowered values. Learn more at www.se.com.
For further information, please contact:
STMICROELECTRONICS INVESTOR RELATIONS:Céline
BerthierGroup VP, Investor RelationsTel:
+41.22.929.58.12celine.berthier@st.com
MEDIA RELATIONS:Alexis BretonCorporate External
CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com
SCHNEIDER ELECTRICMEDIA RELATIONS:Amy
HaddonEnergy & Sustainability ServicesTel. +1 303 551
7584amy.haddon@se.com
- Joint PR_ST-Schneider partnership on carbon neutrality _FINAL
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