French energy management company Schneider Electric has formed a joint venture (JV) with global investment firm Carlyle Group to develop new and innovative infrastructure projects.
The JV, named AlphaStruxure, will focus on delivering digitally-enabled and efficient critical assets by combining Schneider Electric’s smart energy management and automation solutions with Carlyle Infrastructure’s investing and asset-operator expertise.
The collaboration is expected to create investment and energy-as-a-service opportunities and also offer efficient solutions to meet the needs of a rapidly changing energy landscape, Schneider Electric said.
As part of this effort, Schneider Electric’s capabilities in advanced connectivity and real-time insights will be applied to the current and future Carlyle infrastructure and microgrid investments.
AlphaStruxure will work on infrastructure projects such as JFK Airport Terminal One Redevelopment and Lone Star Ports Harbor Island Crude Export Terminal.
For the JFK Airport Terminal One Redevelopment project, the JV aims to improve the sustainability of the terminal as well as enhance the reliability of the airport’s energy supply by leveraging Schneider Electric’s solutions.
The redevelopment project, which is expected to reduce energy consumption by 30%, will contribute to a goal of reaching 100% renewable energy usage within the next decade.
AlphaStruxure aims to drive the development of smarter infrastructure projects and more reliable distributed energy and microgrid networks, the firm noted.
Schneider said that the private sector partnership can bring new solutions to upgrade critical infrastructure to optimize energy consumption and deliver cost savings while improving productivity and reliability.
Schneider Electric chairman and CEO Jean-Pascal Tricoire said: “Strong and resilient critical infrastructure is fundamental to powering and maintaining our digital economy. We are just scratching the surface of the investment needed to create more modern airports, water systems, transportation systems and others that will support future demand and connect society.
“While infrastructure is a global issue, it can only be addressed at a local level. We believe our partnership leverages the best of our organizations’ abilities: Carlyle’s ability to get deals done with local stakeholders support and our global technology expertise and footprint to optimize projects that will provide immediate, tangible impact for economies globally.”