Press release
The Carlyle Group and Schneider Electric extend partnership to develop Critical Infrastructure projects
WASHINGTON and RUEIL-MALMAISON, France, April 18, 2019 /PRNewswire/ -- Global investment firm, The Carlyle Group (NASDAQ: CG) and Schneider Electric SE (EPA:
About this update from The Carlyle Group Inc.
[{"type":"text","content":" WASHINGTON and RUEIL-MALMAISON, France, April 18, 2019 /PRNewswire/ -- Global investment firm, The Carlyle Group (NASDAQ: CG) and Schneider Electric SE (EPA: SU), the leader in the digital transformation of energy management and automation, today announced the enhancement of their partnership to develop new and innovative infrastructure projects. \n\n \nIn addition to creating new investment and energy-as-a-service opportunities, this collaboration will apply Schneider Electric's capabilities in advanced connectivity and real-time insights to current and future Carlyle infrastructure and microgrid investments.\nIn a market which faced sustained underinvestment in critical infrastructure due to funding constraints, the new partnership will offer innovative and efficient solutions meeting the needs of a rapidly changing energy landscape.\nThe Carlyle Group recently announced several large infrastructure projects, including the JFK Airport Terminal One Redevelopment, and Lone Star Ports Harbor Island Crude Export Terminal, as well as the Munich Airport Joint Venture (Reach Airports) which are expected to benefit from this partnership and Schneider's breadth of technology-enabled products, solutions and services. \nThe JFK Airport Terminal One Redevelopment, the most recently announced project, is expected to leverage Schneider Electric's solutions to improve the sustainability of the terminal and enhance the reliability of the airport's energy supply through a state-of-the-art microgrid. The redevelopment is expected to reduce energy use by as much as 30% and contribute to a goal of reaching 100% renewable energy usage within the next decade. \nThe new partnership also entails the formation of a joint venture, named AlphaStruxure to drive from the design and engineering phase the development of smarter infrastructure projects and more reliable distributed energy and microgrid networks. Juan Macias, formerly SVP of Energy Automation and Digital Energy Solutions at Schneider Electric, will lead AlphaStruxure as the Chief Executive Officer, drawing on his broad experience in global energy technology and new market endeavors over a nearly 30-year career in the energy and industrial sectors.\nThe $18 trillion U.S. economy relies on a vast network of infrastructure that was built decades ago and plays a major role in the growth of the e...