Schneider Electric, a specialist in digital transformation of energy management and automation, has successfully completed the transaction to purchase a controlling stake in Operation Technology Inc. (ETAP)
ETAP is an energy management and engineering solutions company specialising in modelling, simulation, design, planning, monitoring, control, operator training, optimisation, and automation of power systems. ETAP's integrated digital-twin platform offers the best comprehensive suite of enterprise solutions.
The ETAP investment completes Schneider's existing software portfolio for electricity power systems. Its technology will be integrated in Schneider's unique cloud-based platform for the design and operation of mission-critical power systems using vendor-agnostic software-driven modelling, design, real-time predictive simulation and operation solutions. This will help deliver end-to-end lifecycle digitalisation and bring enhanced efficiency, sustainability and resiliency to a broader audience and customer base.
A more efficient and low carbon future starts with smart design
By 2040, the world of electricity will be profoundly different: the share of electricity in everything we do will double, reaching at least 40% of final energy consumption; and six times more electricity will be generated from solar and wind (Source: IEA). Electrical distribution systems must digitise to support the energy transition. The combined solution will help improve power system performance from modelling, to design, to operations to drive improved grid asset performance, saving up to 20% in Total Capital Expenditure (CapEx).
Driving end-to-end lifecycle digitalisation in its end markets
The integration of Schneider Electric's EcoStruxure power design platform and ETAP's electrical software design solutions will extend their reach across multi-vendor operating platforms to millions of connected assets across energy-intensive and mission critical power systems applications.
Following the Group's recent strategic investment in IGE+XAO and ALPI, this further enhances Schneider Electric's unique digital twin and software capabilities in power, grid, and mission-critical sectors, driving sustainability, efficiency, and resiliency across the lifecycle from CapEx to OpEx.
ETAP will continue to operate as an agnostic, independent software vendor, while its solutions will strengthen Schneider Electric's position as a major player in electrical design, operations & maintenance.
Jean-Pascal Tricoire, chairman & CEO at Schneider Electric, said, ?We are delighted to welcome the ETAP team on board. We share a passion for the digitalisation of electrical design and the streamlining of every stage in the electrical installation life cycle, from design and build, to operate and maintain. Both of our companies are preparing for a world that will be smart and green, by becoming increasingly digital and electric. By joining forces with ETAP, we are entering a new chapter of advanced electrical distribution, with more digitalisation on a global scale, and new tools to empower our customers and partners to make informed decisions and reach new levels of efficiency and sustainability.?
Dr Farrokh Shokooh, founder and CEO at ETAP, commented, ?We are extremely pleased to join Schneider Electric, a trusted and respected global company. We are energised by the synergies that will bring the technologies and expertise of ETAP and Schneider together to serve our customers. Now, ETAP is even better positioned to offer an intelligent electrical digital twin platform with integrated solutions to support our customers across multiple industries in accelerating productivity and increasing efficiency for planning, automation, operation, optimisation, and management of their power systems.?
