Zeigo Ltd

History

2022: Acquisition by Schneider Electric

On February 4, 2022, Schneider Electric announced acquisition of a startup, a technology platform Zeigo created to combat change climate. The platform will help strengthen the digital capabilities of the company in the field of consulting on energy, sustainable development and environmental products. It will replenish Schneider Electric's clean energy portfolio of services and solutions and assist it in conducting digital transformation in energy.

Companies face increasing pressure to engage in decarbonization, as climate risks rise and global ambitions to commit energy transitions are getting higher. Over the past 10 years, one of the most common and effective ways to begin decarbonization for companies were agreements Renewable Energy Procurement (PPA). As of February 2022, organizations purchased on On a voluntary basis, more than 77 GW of wind, solar and geothermal energy through PPA.

Demand for PPAs is expected to increase as global ambitions for zero emissions. More than 2,000 companies have already joined the Sciencebased Targets Initiative to compare their decarbonization goals with the global scenario warming by 1.5 ° C. More than 300 corporations joined the Climate Group business initiative under called RE100, committing to use only renewable energy. All this allows Bloomberg New Energy Finance to predict Generation of a 269 TWh renewable energy deficit among corporations by 2030.

The purchase of renewable energy is a time-consuming and complex process that requires serious expert assessment of projects and risks, as well as approval by stakeholders, including boards of directors of corporations. Combining the capabilities of artificial intelligence Zeigo with its consulting services, Schneider Electric will apply general experience and expertise in the process of energy and environmental procurement, which will perfectly complement existing solutions Schneider Electric for Aggregation and Digital Platforms EcoStruxure Resource Advisor and NEO Network.

As a consultant to corporations in the field of renewable energy procurement, we know that speed and complexity are two barriers to their entry into the PPA market, "said Steve Wilhite, senior vice president of Sustainable Business at Schneider Electric. - By adding technology and the Zeigo team to our current portfolio of services and solutions, we will be able to provide even greater assistance to our customers around the world.

The acquisition of Zeigo's computer-based training strengthens Schneider Electric's position as a an experienced corporate consultant on sustainable development in the world.