SCHNEIDER ELECTRIC (EPA:SU) - The Carlyle Group and Schneider Electric extend partnership to develop Critical Infrastructure projects

Transparency directive : regulatory news

12/04/2019 08:00

News Release

For Immediate Release
April 12, 2019

The Carlyle Group and Schneider Electric extend partnership to develop Critical
                            Infrastructure projects

* The partnership is designed to develop new and innovative infrastructure
  projects meeting the growing need for sustainable investment in critical
  assets and services

* The companies will focus on delivering digitally-enabled and efficient
  critical assets by combining Carlyle Infrastructure's investing and
  asset-operator expertise with smart energy management and automation
  solutions from Schneider Electric

* The partnership builds on and expands the existing strategic alliance to
  widely deploy microgrids through customer adoption of energy-as-a-service
  offering

WASHINGTON, DC AND RUEIL-MALMAISON (FRANCE) - 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.

In 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.

In 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.

The 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.

The 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.

The 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.

The $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 economy(1);
delayed investment and rising maintenance costs are however limiting the
economic growth potential of these critical infrastructure. Innovative private
sector partnerships, such as this one, can bring new solutions to upgrade
critical infrastructure within airports, seaports, water treatment and
delivery, institutions, communities and the private sector to optimize energy
consumption, deliver cost savings and improve productivity and reliability

"People everywhere rely daily on infrastructure that does not meet the demands
of a 21st century economy," said Andrew Marino, Managing Director and Co-Head
of Carlyle's global infrastructure team. "AlphaStruxure delivers a powerful
combination of cutting-edge automation and energy management technology and
expertise, and financing solutions to turn this important global issue on its
head. Together, we will identify new investment opportunities, modernize core
infrastructure to keep people and goods moving, and open new value and revenue
streams for both public and private entities. We look forward to a prominent
role in shaping the future of infrastructure around the world."

"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," said
Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric. "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."

AlphaStruxure builds on Schneider Electric and The Carlyle Group's strategic
alliance to deliver an energy-as-a-service model that empowers customers to
stabilize long-term energy costs and upgrade critical energy infrastructure. By
providing energy-as-a-service, customers have a

(1) A 2014 University of Maryland study found that infrastructure investments
added as much as $3 to GDP growth for every dollar spent, with a larger impact
realized during a recession platform to own and operate microgrids without
capital outlay, as well as a simpler solution to meet operational efficiency
and clean energy goals.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry
expertise that deploys private capital across four business segments: Corporate
Private Equity, Real Assets, Global Credit and Investment Solutions. With $216
billion of assets under management as of December 31, 2018, Carlyle's purpose
is to invest wisely and create value on behalf of our investors, portfolio
companies and the communities in which we live and invest. The Carlyle Group
employs more than 1,650 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management
and Automation in Homes, Buildings, Data Centers, Infrastructure and
Industries. With global presence in over 100 countries, Schneider is the
undisputable leader in Power Management - Medium Voltage, Low Voltage and
Secure Power, and in Automation Systems. We provide integrated efficiency
solutions, combining energy, automation and software. In our global Ecosystem,
we collaborate with the largest Partner, Integrator and Developer Community on
our Open Platform to deliver real-time control and operational efficiency. We
believe that great people and partners make Schneider a great company and that
our commitment to Innovation, Diversity and Sustainability ensures that Life Is
On everywhere, for everyone and at every moment.

www.schneider-electric.com

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Contact
The Carlyle Group
Liz Gill: +1 (202) 729-5385
elizabeth.gill@carlyle.com

Schneider Electric
Véronique Luneau (Roquet-Montégon) : +33 (0)1 41 29 70 76

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