Latest news with #SchneiderElectric
Al-Ahram Weekly
6 hours ago
- Business
- Al-Ahram Weekly
Hassan Allam, Schneider Electric launch sustainable farming project in Nile Delta - Markets & Companies
The initiative aims to boost rural livelihoods and promote climate-resilient farming by implementing smart infrastructure and renewable energy technologies. It aligns with Egypt's Vision 2030 and adopts the Nexus of Water-Food-Energy (NWFE) framework to address interconnected development challenges. At the heart of the project is a solar-powered, climate-controlled greenhouse expected to produce up to 20 tons of vegetables annually. Designed to enhance energy and water efficiency, the system will operate on Schneider Electric's EcoStruxure platform and reduce reliance on diesel-powered irrigation—a long-standing barrier to sustainable agriculture in the area. The project aims to mitigate the adverse effects of poor water quality and climate change, which have negatively impacted productivity in parts of the Delta. It also supports Egypt's Integrated Sustainable Energy Strategy 2035 and its updated Nationally Determined Contributions (NDCs), which aim to expand renewable energy use and reduce emissions in the electricity sector. Beyond agriculture, the initiative includes a community development component that prioritizes job creation—particularly for women and youth—and promotes long-term environmental and financial sustainability. The partnership was announced during Schneider Electric's Innovation Day: Buildings of the Future in Cairo, where experts and officials discussed the role of digital and green technologies in sustainable development. Home to roughly 12,000 residents, El-Nouras relies on the El-Salam Canal for irrigation. If successful, the model could be replicated in other rural communities facing similar environmental and economic challenges.
Zawya
12 hours ago
- Business
- Zawya
Egypt: Schneider Electric, Hassan Allam Holding to develop smart agriculture model in Port Said
Arab Finance: Schneider Electric has signed a partnership with Hassan Allam Holding to support smart and sustainable agriculture in Egypt, with a focus on enhancing the 'Water-Energy-Food' Nexus through integrated solutions in rural communities, as per an emailed press release. The two companies will collaborate on a project in El Nouras village, located south of Port Said in Egypt's northern Nile Delta, aiming to improve quality of life through digital and sustainable technologies. The village, home to around 12,000 people, depends on the El-Salam Canal for irrigation, a key infrastructure channeling Nile water to reclaimed lands in Sinai. Under the agreement, Schneider Electric will deploy its EcoStruxure technology to improve energy efficiency, support responsible water use, and enhance agricultural productivity. At the center of the project is a solar-powered, climate-controlled greenhouse expected to produce about 20 tons of vegetables annually. The project addresses ongoing challenges facing the village's farmers, including limited access to quality irrigation water and the impact of climate change on crop yields. By enabling vegetable cultivation and supporting food self-sufficiency, it contributes to Egypt's broader sustainable development objectives. Fully powered by solar energy, the initiative aligns with Egypt's Integrated Sustainable Energy Strategy 2035 and its Updated National Determined Contributions of 2023, which target 42% renewable energy in the electricity mix and a 37% reduction in carbon emissions from electricity by 2030. Beyond reducing reliance on diesel-powered irrigation, the project aims to provide rural communities with greater access to sustainable technologies, support food security, increase farmers' productivity, and contribute to economic resilience. It is also expected to create job opportunities for both women and men while building local capacity for long-term operational sustainability. Announced during Schneider Electric's 'Innovation Day: Buildings of the Future' in Cairo, the partnership reflects the companies' focus on integrating environmental solutions with economic and social development. The project supports ongoing efforts to address infrastructure gaps in Egypt's rural areas, where many communities still lack access to reliable electricity, clean water, and sanitation. Both companies view this collaboration as aligned with Egypt's Vision 2030 and the UN Sustainable Development Goals through practical, community-based solutions. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
WIRED
13 hours ago
- Business
- WIRED
X Data Center Fire in Oregon Started Inside Power Cabinet, Authorities Say
A recent, hours-long fire at a data center used by Elon Musk's X may have begun after an electrical or mechanical issue in a power system, according to an official fire investigation. WIRED was the first to report on the blaze, which occurred on May 22 in Hillsboro, Oregon. Data center giant Digital Realty operates the 13-acre site, and multiple people familiar with the matter previously told WIRED that the Musk-run social platform X has servers there. Data center fires are rare, with about two dozen well-known incidents over the past decade across thousands of facilities globally, according to various researchers. But growing demand for generative AI technology—which relies on large clusters of advanced computers—is stretching the size and power needs of data centers. The intense load ultimately could leave AI data centers more vulnerable to fires from overheating or malfunctions. At the X data center, firefighters initially believed a lithium-ion battery may have been involved in the fire, but that did not end up being the case, Hillsboro Fire & Rescue spokesperson Piseth Pich says. The fire ignited a Schneider Electric Galaxy VX uninterruptible power supply (UPS) cabinet, according to a fire department report obtained by WIRED. The UPS system, which is about the size of a vending machine and is made of metal and plastic, acts as a filter and temporary battery, providing consistent electricity in case of an outage or other issues. They are common at data centers, industry experts say.
Zawya
15 hours ago
- Business
- Zawya
Enhancing Social Impact: Schneider Electric and Hassan Allam Holding partner to advance smart and sustainable agriculture in Egypt
Schneider Electric, the global leader in digital transformation of energy management and automation, announced a strategic partnership with Hassan Allam Holding, a regional leader in engineering, construction, investment, and development. This partnership aims to develop a sustainable and integrated model to enhance the 'Water-Energy-Food' Nexus within Egyptian villages by incorporating the latest smart solutions and digital sustainable technologies. The initiative marks a strategic step toward improving quality of life in underserved communities and supporting national efforts to achieve the Sustainable Development Goals. Under the Memorandum of Understanding, the two companies will collaborate on a pioneering project located in the village of El Nouras, located in south of Port Said, in Egypt's northern Nile Delta region. This rural agricultural community, home to around 12,000 people, relies on El-Salam Canal for irrigation, a vital component of Egypt's water infrastructure that channels Nile water to reclaimed lands in Sinai. The project highlights the joint commitment of Schneider Electric and Hassan Allam Holding to improve the livelihoods of local communities. The partnership focuses on the 'Water, Energy, and Food' Nexus, leveraging Schneider Electric's EcoStruxure technology to deploy innovative, sustainable solutions that improve energy efficiency, support responsible water use, and enhance agricultural productivity. At the heart of the initiative is the installation of a solar-powered, climate-controlled greenhouse designed to cultivate variety of plants and yield around 20 tons of vegetables annually. These interventions directly address local challenges such as limited access to good irrigation water quality and low crop productivity due to climate change impact which have long prevented farmers from cultivating vegetables and achieving food self-sufficiency. Fully powered by solar energy, the system aligns with Egypt's Integrated Sustainable Energy Strategy 2035 & Updated National Determined Contributions in 2023 of generating 42% of its electricity from renewable sources by and cutting electricity carbon emissions by 37% by 2030, which are commitments outlined in both the Paris Agreement and Egypt Vision 2030. Beyond reducing dependence on fossil fuels in irrigation like diesel pumps, the project represents a major step forward in empowering rural communities by enhancing food security, boosting the farmers' productivity, and expanding access to sustainable technologies in resource-limited areas. It also underscores the mutual commitment of Schneider Electric and Hassan Allam Holding to accelerating sustainable transformation, integrating environmental solutions with economic and social empowerment to deliver long-term, meaningful impact. Sebastien Riez, CEO of Schneider Electric Northeast Africa and the Levant, stated: "This initiative reflects our deep commitment to supporting and empowering local communities through our innovative solutions and advanced technologies. At Schneider Electric, we believe that access to clean, reliable energy is a basic right and key development driver." He added: "Our partnership with Hassan Allam Holding is a true example of how cross-sector collaboration can turn sustainability ambitions into tangible impact for a greener, more inclusive future. We are improving livelihoods in local communities and contributing to Egypt's Vision 2030 and global climate goals." Merette Elsayed, Chief Commercial Officer of Hassan Allam Holding, stated: 'Hassan Allam Holding is committed to developing underserved communities through sustainable solutions that address water, food, and energy challenges in an integrated framework. Our collaboration with Schneider Electric in the Port Said project exemplifies this commitment through the implementation of smart, clean technologies that make a real impact on improving quality of life. We believe innovation and sustainability are the foundations for building more just and resilient communities.' The project goes beyond technological innovation to address the broader dimensions of sustainable development. It reflects the joint efforts Schneider Electric and Hassan Allam Holding and to promote local partnerships that transform lives through sustainable initiatives that boost local productivity, create new job opportunities for both women and men, build capacity for local operations, and support long-term financial resilience. The project also reinforces the role of the private sector in delivering community-based, holistic solutions that address infrastructure gaps in rural areas of Egypt, where many still lack accesses to reliable electricity, clean water, and proper sanitation services. The partnership between Schneider Electric and Hassan Allam Holding was announced during "Innovation Day: Buildings of the Future" event organized by Schneider Electric in Cairo, sets a new benchmark for sustainable development, demonstrating how smart and sustainable infrastructure can uplift communities and drive real, measurable progress toward both national and global development goals. Schneider Electric's solutions help reduce projects' carbon footprint, improve resource management, and create healthier, more productive living and working environments by utilizing advanced technologies in smart energy management and automation systems. This aligns with the UN Sustainable Development Goals and Egypt's ambitious vision for a greener and more prosperous future. Schneider Electric's purpose is to create a positive impact by empowering everyone to make the most of energy and resources, bridging progress and sustainability. This is what Schneider Electric calls "Life Is On." Our mission is to be the trusted partner for sustainability and efficiency. As a global leader in industrial technology, we offer expertise in electrification, automation, and digitization to enable smart industries, resilient infrastructure, next-generation data centers, intelligent buildings, and responsive homes. With deep-rooted expertise in this vital field, we deliver integrated, AI-powered Industrial Internet of Things (IIoT) solutions across the full lifecycle—supporting connected products, automation systems, software, and services. We provide digital twins that enable our clients to achieve sustainable growth. As a people-centric company, we rely on a strong global network of 150,000 employees and over 1 million partners across more than 100 countries to remain close to our customers and partners. We are committed to embedding diversity and inclusion in everything we do to fulfill our purpose: to create a sustainable future for all. About Hassan Allam Holding: Hassan Allam Holding is one of the largest companies in Egypt and the MENA region, with more than 90 years of experience in the engineering, construction, and infrastructure sectors. The group operates in diverse sectors, including infrastructure, energy, water, industry, logistics, petrochemicals, and complex large-scale projects in Egypt and the MENA region. The founders of Hassan Allam Holding commenced operations in 1936, making it the oldest construction franchise in the MENA region, with a solid reputation, superior technical capabilities, and a diversified portfolio. With a legacy of identifying and investing in attractive infrastructure projects, the globally expanded group has a current backlog exceeding USD 6 billion. The group is listed among the Engineering News-Record (ENR) top 250 global contractors.
Business Insider
2 days ago
- Business
- Business Insider
Schneider Electric (0NWV) Receives a Hold from Morgan Stanley
In a report released today, Max Yates from Morgan Stanley maintained a Hold rating on Schneider Electric, with a price target of €225.00. The company's shares closed last Friday at €237.15. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Yates is a 4-star analyst with an average return of 9.9% and a 60.95% success rate. Yates covers the Industrials sector, focusing on stocks such as Siemens Energy, ABB Ltd, and Alfa Laval AB. In addition to Morgan Stanley, Schneider Electric also received a Hold from Barclays's George Featherstone in a report issued on July 15. However, on July 9, Bernstein assigned a Buy rating to Schneider Electric (LSE: 0NWV).
