Schneider Electric has been recognised as the industry leader in a new analyst report – Navigant Research Leaderboard: Energy as a Service Solutions Providers – that evaluates the strategy and execution of 10 commercial and industrial energy-as-a-service (EaaS) suppliers.
Navigant Research put Schneider Electric at the top of the rankings because of the company’s “end-to-end energy procurement, energy management and DER (distributed energy resource) solutions” and EcoStruxure software architecture.
“Energy users are increasingly seeking cost-effective, customized, and comprehensive energy solutions to increase their operational efficiency and meet sustainability targets,” said Peter Asmus, research director with Navigant Research. “By using EaaS to increase the availability of abundant, reliable and renewable energy at a predictable cost, vendors like Schneider Electric can unlock benefits for businesses and communities.”
EaaS is transforming the way organizations approach energy buying and management, largely driven by the transition away from rigid, centralized systems. Using this model, businesses partner with solutions providers that oversee an energy portfolio, including innovative funding mechanisms and services that come with guaranteed performance such as energy cost savings or equipment uptime. The result is reduced risk, decreased capital burden, and increased operational performance that can help companies meet efficiency, sustainability and other enterprise goals.
Schneider Electric provides comprehensive EaaS offerings delivered through subscription services, leases, power purchase agreements (PPAs) and energy savings performance contracts. This allows its customers to incorporate advanced energy management solutions — microgrids, renewables, demand response, automation and analytics — both on- and offsite, facilitating the adoption of flexible DERs and lowering cost barriers. These technologies can be centrally managed using the company’s EcoStruxure platform, and are supported by advisory services, and a strategic ecosystem of partnerships and alliances.