“A study showed that for 2 million photovoltaic panels sold and installed somewhere around 2008, it was found 10 years after installation that most of the defects are of a mechanical nature or due to the fault of the manufacturer, but almost 15 percent of the defects are due to junctions, cables and protections improperly installed. Schneider Electric comes with a whole suite of equipment designed specifically for this sector of photovoltaic parks. The next steps are the implementation of energy storage, micro grid and smart grid solutions,” Catalin Marmureanu, Sales Director EU & OEM, Schneider Electric Romania said during Energy Efficiency for Sustainable Business Conference organized by The Diplomat-Bucharest.

“We are happy that there are massive investments – both in the public and private sectors – regarding the digitization and streamlining of processes. Schneider Electric has prepared and continues to prepare through solutions for operational efficiency.

In addition, we have solutions for the preparation of gas networks for the transition to hydrogen by implementing the management of electric distribution.”

In January, Schneider Electric issued an urgent call for governments and companies around the world to accelerate their sustainability action and step-up investments into technologies that will help them reduce their carbon emissions and bolster their energy security.

The call comes amid spiking energy prices, an energy supply crisis and fast accelerating climate change, which together pose major challenges for companies, economies and societies around the globe.

With 38 percent of global CO2 emissions coming from the built environment, and a further 32 percent from industry, Schneider Electric’s products, software and services in the areas of industrial automation and energy management help companies, industries, building managers and households to decarbonize and digitize their energy usage. 

An independent survey of more than 500 C-suite executives commissioned by Schneider last year found that corporate sustainability commitments and investments are often hampered by the complexity of decarbonization. On average, the financial commitment to sustainability and decarbonization initiatives across the companies surveyed was less than 2 percent of projected revenue over the next three years – despite the fact such investments are often efficient and cost-effective, with return on investment often under one to three years.