AREVA and Schneider Electric Sign a Strategic Partnership Agreement on Energy Storage

  AREVA and Schneider Electric Sign a Strategic Partnership Agreement on
  Energy Storage

Business Wire

PARIS -- February 6, 2014

Regulatory News:

AREVA (Paris:AREVA) and Schneider Electric have signed a strategic partnership
agreement to develop energy management and storage solutions based on hydrogen
fuel cell technology.

Under the terms of this agreement, both groups will combine their expertise in
order to design and propose energy storage solutions that guarantee the
reliability of electrical grids for isolated sites and areas where access to
power is limited.

AREVA will provide the Greenergy Box™, energy storage solution made with an
electrolyzer and fuel cell. This is used to store hydrogen and oxygen from
water electrolysis during periods of low energy demand in order to produce
electricity during peak consumption periods.

This technology is operational since 2011. Connected to a 560 kW photovoltaic
solar power plant on the MYRTE demonstration platform, in Corsica, the
Greenergy Box™ will also be soon  connected to 35 kW peak power photovoltaic
panels installed in La Croix Valmer (South of France).

Schneider Electric delivers integrated solutions focused on making energy
safe, reliable, efficient, productive and green. The signature of this
agreement with AREVA will enable Schneider Electric to achieve grid parity for
renewable energies while managing their intermittency and optimising network
connection. As such, Schneider Electric, a global specialist in energy
management, strengthens its unique position to connect all smart grid players.

Frédéric Abbal, EVP of Schneider Electric’s Energy Business commented “This
agreement will create a robust commercial partnership for deploying an
innovative solution in energy storage. AREVA will capitalize on the
international presence of Schneider Electric and its leadership in electrical
grid management, Utilities & Infrastructures, Industrial and Non-residential
Commercial Buildings.”

Louis-François Durret, AREVA Renewables CEO said: “This agreement will allow
AREVA and Schneider Electric to combine their experience, knowledge and
achievements in energy management and storage. It will also place both
companies as first of its kind players in this promising market.”

About Schneider Electric

As a global specialist in energy management, with operations in more than 100
countries, Schneider Electric offers integrated solutions across multiple
market segments. The Group has leadership positions in Utilities &
Infrastructures, Industries & Machines Manufacturers, Non-Residential
Buildings, Data Centers & Networks and in Residential. Focused on making
energy safe, reliable, efficient, productive and green, the company's 140,000
plus employees achieved sales of €24 billion in 2012 through an active
commitment to help individuals and organizations make the most out of their
energy.
www.schneider-electric.com

About AREVA

AREVA supplies advanced technology solutions for power generation with less
carbon. Its expertise and unwavering insistence on safety, security,
transparency and ethics are setting the standard, and its responsible
development is anchored in a process of continuous improvement.
Ranked first in the global nuclear power industry, AREVA’s unique integrated
offering to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and operating services. The group is also expanding
in renewable energies – wind, bioenergy, solar, energy storage – to become a
European leader in this sector.
With these two major offers, AREVA’s 46,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
people.
www.areva.com

Contact:

PRESS CONTACTS:
Schneider Electric
Véronique Roquet-Montegon, +33 (0)1 41 29 70 76
veronique.roquet-montegon@schneider-electric.com
or
AREVA
Alexandre Thébault, +33 (0)1 34 96 11 47
press@areva.com
 
Press spacebar to pause and continue. Press esc to stop.