News for Panel Builders

Schneider Electric has recently announced a global call for entries for its third annual Schneider Electric Sustainability Impact Awards to celebrate its partner ecosystem in creating a more sustainable and electric world. This year, the application has been revamped and submissions are open until Oct. 15, 2024. Global winners will be announced in early 2025. Named recently by Time Magazine and Statista as the world’s most sustainable company, Schneider Electric’s Impact Awards selection criteria reflect the company’s integrated approach to sustainability. Entrants are assessed based on their decarbonization efforts to Electrify, Reduce, and Replace, while also looking more broadly at their endeavors to create an Electricity 4.0 future through actions to Strategize, Digitize, and Decarbonize.

Recently, Schneider Electric released a new report that projects that electrification of U.S. industry will grow from 30 percent to 45 percent by 2030, a 50 percent increase. The report, compiled by the company’s Sustainability Research Institute, also recognizes the potential for a corresponding 25 percent reduction in fossil fuel demand over the same period. The report provides detailed analysis by sector, projecting that 16 of 21 sectors will reach 60% electrification by 2030. Further, it projects that U.S. industry as a whole will reach 64% electrification by 2040 with a corresponding 50 percent reduction in fossil fuel use.