WASHINGTON and
RUEIL-MALMAISON, France, April 18,
2019 /PRNewswire/ -- Global investment firm, The Carlyle
Group (NASDAQ: CG) and Schneider Electric SE (EPA: SU), the leader
in the digital transformation of energy management and automation,
today announced the enhancement of their partnership to develop new
and innovative infrastructure projects.
In addition to creating new investment and energy-as-a-service
opportunities, this collaboration will apply Schneider Electric's
capabilities in advanced connectivity and real-time insights to
current and future Carlyle infrastructure and microgrid
investments.
In a market which faced sustained underinvestment in critical
infrastructure due to funding constraints, the new partnership will
offer innovative and efficient solutions meeting the needs of a
rapidly changing energy landscape.
The Carlyle Group recently announced several large
infrastructure projects, including the JFK Airport Terminal One
Redevelopment, and Lone Star Ports Harbor Island Crude Export
Terminal, as well as the Munich Airport Joint Venture (Reach
Airports) which are expected to benefit from this partnership and
Schneider's breadth of technology-enabled products, solutions and
services.
The JFK Airport Terminal One Redevelopment, the most recently
announced project, is expected to leverage Schneider Electric's
solutions to improve the sustainability of the terminal and enhance
the reliability of the airport's energy supply through a
state-of-the-art microgrid. The redevelopment is expected to reduce
energy use by as much as 30% and contribute to a goal of reaching
100% renewable energy usage within the next decade.
The new partnership also entails the formation of a joint
venture, named AlphaStruxure to drive from the design and
engineering phase the development of smarter infrastructure
projects and more reliable distributed energy and microgrid
networks. Juan Macias,
formerly SVP of Energy Automation and Digital Energy Solutions at
Schneider Electric, will lead AlphaStruxure as the Chief Executive
Officer, drawing on his broad experience in global energy
technology and new market endeavors over a nearly 30-year career in
the energy and industrial sectors.
The $18 trillion U.S. economy
relies on a vast network of infrastructure that was built decades
ago and plays a major role in the growth of the
economy1; delayed investment and rising maintenance
costs are however limiting the economic growth potential of these
critical infrastructure. Innovative private sector partnerships,
such as this one, can bring new solutions to upgrade critical
infrastructure within airports, seaports, water treatment and
delivery, institutions, communities and the private sector to
optimize energy consumption, deliver cost savings and improve
productivity and reliability
"People everywhere rely daily on infrastructure that does not
meet the demands of a 21st century economy," said
Andrew Marino, Managing Director and
Co-Head of Carlyle's global infrastructure
team. "AlphaStruxure delivers a powerful combination of
cutting-edge automation and energy management technology and
expertise, and financing solutions to turn this important global
issue on its head. Together, we will identify new investment
opportunities, modernize core infrastructure to keep people and
goods moving, and open new value and revenue streams for both
public and private entities. We look forward to a prominent role in
shaping the future of infrastructure around the world."
"Strong and resilient critical infrastructure is fundamental to
powering and maintaining our digital economy. We are just
scratching the surface of the investment needed to create more
modern airports, water systems, transportation systems and others
that will support future demand and connect society," said
Jean-Pascal Tricoire, Chairman and
CEO, Schneider Electric. "While
infrastructure is a global issue, it can only be addressed at a
local level. We believe our partnership leverages the best of our
organizations' abilities: Carlyle's ability to get deals done with
local stakeholders support and our global technology expertise and
footprint to optimize projects that will provide immediate,
tangible impact for economies globally."
AlphaStruxure builds on Schneider Electric and The Carlyle
Group's strategic alliance to deliver an energy-as-a-service model
that empowers customers to stabilize long-term energy costs and
upgrade critical energy infrastructure. By providing
energy-as-a-service, customers have a platform to own and operate
microgrids without capital outlay, as well as a simpler solution to
meet operational efficiency and clean energy goals.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG)
is a global investment firm with deep industry expertise that
deploys private capital across four business segments: Corporate
Private Equity, Real Assets, Global Credit and Investment
Solutions. With $216 billion of
assets under management as of December 31,
2018, Carlyle's purpose is to invest wisely and create value
on behalf of our investors, portfolio companies and the communities
in which we live and invest. The Carlyle Group employs more than
1,650 people in 31 offices across six continents.
Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary
About Schneider Electric
Schneider Electric is
leading the Digital Transformation of Energy Management and
Automation in Homes, Buildings, Data Centers, Infrastructure and
Industries. With global presence in over 100 countries, Schneider
is the undisputable leader in Power Management – Medium Voltage,
Low Voltage and Secure Power, and in Automation Systems. We provide
integrated efficiency solutions, combining energy, automation and
software. In our global Ecosystem, we collaborate with the largest
Partner, Integrator and Developer Community on our Open Platform to
deliver real-time control and operational efficiency. We believe
that great people and partners make Schneider a great company and
that our commitment to Innovation, Diversity and Sustainability
ensures that Life Is On everywhere, for everyone and at every
moment.
www.schneider-electric.com
Discover Life Is On
Follow us
on:
Twitter
Facebook
LinkedIn
Google+
YouTube
Instagram
Blog
1 A 2014 University of
Maryland study found that infrastructure investments added
as much as $3 to GDP growth for every
dollar spent, with a larger impact realized during a recession
View original content to download
multimedia:http://www.prnewswire.com/news-releases/the-carlyle-group-and-schneider-electric-extend-partnership-to-develop-critical-infrastructure-projects-300834752.html
SOURCE Schneider Electric