Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Schneider and GreenYellow target smaller businesses with energy saving technology

Schneider and GreenYellow target smaller businesses with energy saving technology

By America Hernandez

PARIS (Reuters) – Schneider Electric and solar startup GreenYellow will target small- and medium-sized European companies hurting from high electricity prices with previously out-of-reach energy saving technology, the firms said on Thursday.

While large energy-intensive businesses have long invested in demand management and so-called “microgrid” systems – which reduce energy use through automated controls, batteries and integrated solar panels – high costs have been a barrier for the smaller firms that are now bearing the brunt of Europe’s energy crisis.

Betting that energy price spikes seen in 2022 will be repeated in winters to come, Schneider and GreenYellow are launching a pay-as-you-go system for smaller clients to access the necessary equipment and a supply of renewable electricity at a guaranteed fixed price below predicted market rates.

The two firms said the three- or four-fold bill increases they expect SME’s to face next year compared to pre-crisis prices means they consider it worthwhile to roll out the offer, even if the sector is considered niche and not of interest to many competitors.

“Family-owned businesses in food, plastic parts manufacturing, retailers, who never had to care about their energy bill, are suddenly in the red,” Philippe Delorme, executive vice president of European Operations at Schneider, told Reuters. The coming winter will still be tense, there’s still a deficit between supply and demand in the energy system.

The subscription system will be launched in France, Spain, Portugal and seven countries in Eastern Europe. Plans for a rollout in Germany, parts of Benelux and the Nordic countries are in the works.


(Reporting by America Hernandez; Editing by Kirsten Donovan)


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts