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    HAL and Safran Aircraft Engines Sign Long-Term Contract for CFM LEAP Engine Turbine Forgings at Farnborough International Airshow.

    PHOTO CREDIT-Samsung Biologics announces all-cash offer to acquire PolyPeptide

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

    Emergent Logo

    Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch.

    Novo Nordisk receives European Commission approval of Wegovy® pill as first oral GLP-1 for weight management in the EU; single, ready-to-use pen for higher dose 7.2 mg also approved.

    Uber Announces Acquisition Offer for Delivery Hero

  • National
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    Mega Recruitment Drive for Over 70,000 Posts in Karnataka.

    Direct Recruitment for the Posts of Branch Officer in Karnataka State Legal Services Authority: Online Application Invitation

    Independence Day flower display Applications invited for various competitions and shop allocation in Lalbagh

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    Fortis Hospitals Mumbai Launches ‘Har Ghar Hero’.

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    United Arab Emirates: TotalEnergies Announces Final Investment Decision for the Umm Shaif Gas Cap Development.

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    Apollo Hospitals, Sheshadripuram Introduces iTIND for Young Men with Bladder Neck Obstruction

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Schneider Electric and Compass Datacenters Expand Partnership with $3 Billion Multi-Year Data Center Technology Agreement

FWM by FWM
November 12, 2023
in Business, Environment, National, Science, Technology, World
0
Aamir Paul Schneider Electric Global
source:Schneider Electric

Aamir Paul Schneider Electric Global source:Schneider Electric

  • Agreement between the companies is an expansion of an existing partnership to manufacture prefabricated modular data center solutions
  • The integration of supply chains between companies will deliver finished goods more quickly, with predictability, and at a lower cost
  • Boston, MA, USA 09/11/2023

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced at its Capital Markets Day meeting with investors a $3 billion multi-year agreement with Compass Datacenters. The agreement extends the companies’ existing relationship that integrates their respective supply chains to manufacture and deliver prefabricated modular data center solutions.

The skyrocketing generation and consumption of data, in large part due to the burgeoning AI market, requires a new breed of data centers that can be standardized in their design, manufactured efficiently, and delivered more quickly at a lower cost.

Since the inception of the initial agreement between the companies, Schneider Electric has manufactured and delivered about 150 modular data center solutions to Compass from its West Chester, OH operation. As demand for more data center solutions increase, the 110,000 square-foot Red Oak, TX operation—which the companies jointly announced in the summer—will also be used to support projected growth.

“We are extremely grateful for the unwavering support and unparalleled expertise that Schneider Electric has already provided in supplying us with pre-fabricated data center power rooms,” said Chris Crosby, CEO, Compass Datacenters. “Our collaborative efforts will allow us to meet the increasing demands from our customers to deliver cutting-edge data center solutions in an innovative manner.”

“We are proud that Compass chose Schneider Electric as their data center partner because we can provide the infrastructure they require in a predictable and reliable manner,” said Aamir Paul, President, Schneider Electric North America. “The extension of our agreement to continue innovating will address future demands to serve customers in industries ranging from cloud and service providers to semiconductors and EV’s, healthcare and telecommunication, among others.”

Through this unique 5-year vendor-supplier agreement, Schneider Electric and Compass Datacenters can deliver on the promise of scalable, modular data centers that offer a simplified design, streamlined manufacturing, and the ability to be deployed easily across many environments.

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