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Schneider Electric Launches catalyze To Accelerate Access To renewable Energy

KUALA LUMPUR, July 13 (Bernama) -- Schneider Electric, the digital transformation of energy management and automation company, has launched Catalyze, a new partnership programme aimed at accelerating access to renewable energy across the global semiconductor value chain.

Chief executive officer Peter Herweck said its purpose is to empower companies to make the most of Schneider Electric’s energy and resources, bringing progress and sustainability together for everyone.

“Our mission is to be a digital partner for sustainability and efficiency, and the Catalyze partnership programme is an excellent example of how companies in key global industries can collaborate to accelerate decarbonisation,” he said in a statement today.

Schneider Electric said Catalyze, unveiled during SEMICON West 2023, is a first-of-its kind programme of collaboration among key semiconductor and technology industry leaders to address the supply chain emissions within their industry.

“The programme joins other Schneider Electric supply chain partnership initiatives that seek to leverage the power of supply chain cohorts, including the Energize programme for the pharmaceutical industry, and Walmart’s Gigaton PPA programme.  

“Intel, one of the world’s leading semiconductor design and manufacturing companies, and Applied Materials Inc, the world’s largest semiconductor and display equipment company, are the inaugural corporate sponsors of the Catalyze programme,” it said.

It also said that together with Schneider Electric, the companies will encourage suppliers from throughout the semiconductor industry ecosystem to join the Catalyze programme and help accelerate the value chain’s transition to renewable energy and a low carbon future.

As the global demand for semiconductors in consumer and commercial products increases, the carbon footprint continues to grow, making it imperative for semiconductor industry leaders to collaborate to drive greater use of renewable energy and achieve a more sustainable path to growth, the company said.

“The shared goal of the Catalyze participants will be to encourage the industry’s thousands of suppliers to take bold climate action through decarbonisation.

“This is a challenging task, due to the complexity of the value chain, data availability and reliability, and the difficulties in defining the boundaries of such emissions,” it said.

Schneider Electric added that the programme will initially focus on suppliers with energy load in specific markets in the semiconductor value chain where renewable energy is currently available, with the intention to expand globally where specific interest and renewable energy market opportunities align.

-- BERNAMA

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