Three stories that dropped out of the feedreaders over the last month or so.
From Energy Digital, April 12:
Microsoft and Schneider: Is Energy's Future Fully Automated?
Microsoft and Schneider Electric are working to make automated operations a concrete reality for energy producers, distributors and manufacturersSchneider Electric and Microsoft, two of the most technologically-innovative companies of the modern era, have struck up a partnership that looks set to make waves in the energy sector.
Together, the firms hope to build the foundations of the next generation of energy systems using the twin powers of AI and automation.
Specifically, Schneider and Microsoft are aiming to cut the cost of hydrogen production, while also optimising energy use and creating a scalable path to digital efficiency.
Across much of the industry, power producers and manufacturing plants still rely on hardware-locked systems that can limit their ability to upgrade or incorporate industrial AI. The two companies hope their collaborative efforts can usher in a newer, simpler, more streamlined era....
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From Reuters, April 29:
Schneider Electric tops revenue forecast as it rides AI data centre wave
Schneider Electric narrowly beat first-quarter revenue expectations on Thursday, once again boosted by the global artificial intelligence data centre buildout reinforcing the French group's role as one of the most sought-after suppliers.
Revenue in the three months through March grew 11.2% organically to 9.77 billion euros ($11.39 billion). That was a notch above the average consensus estimate of 9.76 billion euros, with 10.1% organic growth expected by analysts polled by the company.
Large cloud providers, also known as hyperscalers, are expected to invest more than $600 billion into data centres and other AI-related infrastructure this year alone, analysts say.
Schneider makes power equipment, server racks and most importantly cooling systems that let energy-hungry data centres operate at peak performance. The booming demand for this technology, particularly from the United States, is driving Schneider's earnings, offering a stable and alternative revenue stream to the legacy electric equipment business.
The $182 billion company, the fifth-largest by market value in France, is reaping gains from its acquisition of U.S. liquid cooling specialist Motivair last year...
KUALA LUMPUR: French energy technology firm Schneider Electric plans to open a South-East Asian training centre in Malaysia this year, a senior executive has said, as a boom in artificial intelligence (AI) infrastructure drives up power demand in the region.
South-East Asia’s data centre capacity is expected to grow three-fold by 2030, according to analysts, with Malaysia emerging as a major hotspot, attracting investments from tech giants, such as Microsoft, Amazon and Alphabet’s Google in recent years.
The country is also a key hub for semiconductors, accounting for about 13% of global testing and packaging....
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More than a hub, Malaysia has become a magnet for foreign investment. Previously:
October 2024 - "Oracle to Invest $6.5 Billion in AI and Cloud Infrastructure in Malaysia"
Malaysia is becoming something of a regional hotbed for data centers....
