The companies will collaborate on the overall reduction of energy consumption on ST’s manufacturing and design sites, the renewable energy sourcing strategy across all of ST’s locations, and the identification and implementation of credible and relevant carbon avoidance and sequestration programs.
The partnership builds on a longstanding relationship between the two companies.
ST supplies a variety of energy-efficient components to Schneider Electric for use in its variable speed drives, power monitoring systems, building management systems, and uninterruptible power supply (UPS) systems.
Under the new agreement, ST and Schneider Electric will increase their cooperation to develop additional joint products, technologies and solutions focused on energy efficiency improvement, supporting digital transformation in buildings, data centers, industrial applications, and infrastructure. The partners will specifically look at the possibilities enabled by wide-bandgap semiconductors (SiC and GaN), AI-enabled sensors, and connectivity.
“ST is stepping up its ambition and plans for the sustainability of its operations to become carbon neutral by 2027. To do so, we have built a comprehensive program that covers extensive actions in our fabs – key assets that will strengthen our design sites, our global energy procurement of 100% renewable energy, and our overall footprint throughout our operations globally,” said Jean-Marc Chery, STMicroelectronics’ president and CEO.
“Both a customer and a supplier, STMicroelectronics is one of our key partners in this endeavor,” said Jean-Pascal Tricoire, chairman and CEO of Schneider Electric. “By using ST solutions in our products, we can accelerate our performance and efficiency. In turn, by working with ST to set and achieve its carbon reduction targets, we create a virtuous cycle that contributes to the fight against climate change while reaching our respective sustainability goals.”