Schneider Electric and Microsoft call for startups interested in green energy
Shortlisted companies will reportedly benefit from Scheider and Microsoft's tech during a 3-month period.
A year after its launch, AI for Green Energy Incubation Lab, a joint effort between Schneider Electric and Microsoft, announced a callout for applications from interested startups wishing to transform the energy sector in Europe through artificial intelligence (AI). Spokespeople for the incubator said that shortlisted companies—which would be announced during the upcoming Schneider Electric Innovation Summit this October in Barcelona, Spain—would “benefit from the technical and business expertise of Microsoft and Schneider Electric during a 3-month acceleration period.”
The initiative is said to be a part of two bigger ones launched by the group—Schneider Electric Ventures, which launched late last year, to identify, nurture and support innovations that will make a major contribution to future sustainability and energy efficiency, and Schneider Electric Exchange, a new digital ecosystem launched last April bringing together experts and innovators from across industry, software and start-ups to solve sustainability and business efficiency challenges.
Organisations reportedly part of the program include the Inria laboratory, Sigfox, Elaia, Energize Venture and France Digitale, and will each get involved during all its phases (sourcing of start-ups, selection process, coaching, et al). Schneider Electric’s vice president for Internet of Things (IoT) and digital transformation Cyril Perducat was quoted in a statement saying, “We are delighted to partner with Microsoft to incubate new ideas to help the energy sector achieve a successful energy transition notably through AI. Co-innovation projects like this one are important for the entire energy industry to move forward towards a sustainable future.”