Schneider Electric Expands Renewable Services with Acquisition of Renewable Choice Energy

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Today I am very pleased to announce that Schneider Electric Energy and Sustainability Services (ESS) has acquired Renewable Choice Energy, a leading global provider of clean energy services.

In ESS, our team is focused on helping clients build more reliable, cost-effective, and sustainable energy strategies.  We talk to our clients around the globe every day.  In many recent cases we’ve seen clean, renewable energy at or below the cost of traditional energy, and our clients have become increasingly proactive in adding renewables to their mix.  It’s a matter of diversification of their energy mix and cost management – but also environmental stewardship, as clients recognize the importance of creating a more sustainable environment in which to do business and raise our families.

We already provide advisory services for power purchase agreements, and help clients implement other innovative clean tech solutions.  This acquisition helps us extend our reach even further in those areas, and add deep expertise on renewable energy credits as well. Combined, we will have unparalleled expertise in these markets. In fact, together we’ve advised clients on the purchase of more than 2 GW of renewable energy in the last two years alone.

For us, culture is critical, and ESS and Renewable Choice have a lot in common. As a competitor, they always brought professionalism, a heart for service, and leadership.  I’ve been a part of several acquisitions in my career and have always found the best outcome arises out of situations when you add people you’d gladly hire. And in this case, we are really fortunate to find people that we are really excited about adding to our team.

We are excited to begin this journey together with a tremendous sense of excitement about the opportunities we can bring to our clients and our business, and I look forward to sharing these innovations with you.

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