Schneider Electric, a global leader in energy management and automation, and Positive Zero, a decentralized decarbonization infrastructure business headquartered in the UAE, have signed a Memorandum of Understanding (MOU) to drive the development of sustainable energy solutions.
This collaborative effort aims to accelerate the adoption of clean energy technologies and propel the transition towards a net-zero future in the region.
As part of the agreement, Schneider Electric and Positive Zero will collaborate on various initiatives to advance decarbonization-as-service programs across the United Arab Emirates and the Sultanate of Oman. This includes exploring synergies across distributed microgrid projects, clean mobility solutions, energy efficiency, and sustainability.
David Auriau CEO & Co-founder Positive Zero
“Schneider Electric, one of the leading players worldwide, and Positive Zero are both positioned to address a new energy landscape, which is decentralized, flexible and connected. This collaboration represents a strategic alignment of our shared vision for decarbonization and sustainability. Positive Zero is dedicated to pioneering innovative solutions that contribute to a cleaner and more sustainable world, and our cooperation will accelerate this movement in the commercial and industrial sectors.”
Amel Chadli, President of Gulf Countries at Schneider Electric, stated that, “We are looking forward to the outcomes of this collaboration with Positive Zero. It underscores another important step for Schneider Electric’s journey and commitment towards accelerating the energy transition in the region and empowering organizations and communities to embrace sustainable energy solutions.”
In December 2023, BlackRock, the world’s largest asset manager, announced its commitment to invest $400 million in Positive Zero through a diversified infrastructure fund.
