Schneider has signed data center deals worth $2.3 billion

Schneider Electric has signed deals worth approximately $2.3 billion with two U.S. data center operators to mitigate the surge in electricity demand from AI-driven data center load, straining U.S. utilities. Schneider Electric announced on Wednesday that it signed approximately $2.3 billion worth of new contracts with two U.S. data center operators. The firm is set to provide cooling and power systems to Switch while providing UPS and switchgear for Digital Realty. Schneider Electric lands $2.3 billion data center deal At its Innovation Summit in Las Vegas, Schneider announced a $1.9 billion agreement with Switch, a privately held technology company. The purpose of the deal is to deliver power modules and advanced cooling systems. The company also struck a $373 million agreement with Digital Realty, a major data center operator based in Texas. The contract covers uninterruptible power supplies (UPS), switchgear, and ready-made power systems. Both contracts are expected to be...

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