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Schneider Electric, a global leader in digital transformation of energy management and automation, launched the Catalyze Program - a collaboration between leading global corporations to increase access to and use of renewable energy in the global semiconductor manufacturing industry.
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| Carbon reduction is a big goal for tech companies. |
Catalyze is the first collaboration between leading semiconductor industry leaders to address carbon emissions in the supply chain.
Together with Schneider Electric, leaders from leading corporations including Intel and Applied Materials will encourage suppliers in the semiconductor industry ecosystem to join the program to accelerate the transformation of the value chain to use renewable energy and move towards stronger decarbonization goals.
Catalyze Program:
Stimulating energy markets across the semiconductor value chain to promote the deployment of renewable energy projects.
Pioneering decarbonisation in the semiconductor industry, thereby driving significant follow-on action. Sponsoring companies will collaborate on programme development – including identifying focus areas and suppliers – and encourage other semiconductor companies to join the sustainability agenda across the value chain.
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Expanding access to the large-scale renewable power purchase agreement (PPA) market for new suppliers.
Provide thousands of suppliers with access to the program through a digital platform, driving rapid and measurable action to decarbonize the supply chain.
Educate companies across the semiconductor value chain on the importance of developing operating models for use in their supply chain programs – addressing the challenge of decarbonizing manufacturing.
“The Catalyze partnership is a great example of how companies in essential industries across the globe can work together to accelerate decarbonization,” said Peter Herweck, Global CEO, Schneider Electric.
The COP28 event called on businesses around the world to promote the use of renewable energy, increasing the capacity of renewable energy use by 3 times by 2030. Previously, at COP26, 40 countries, including Vietnam, committed to eliminating coal power - accounting for about 37% of the world's total electricity in 2019 - the fuel that contributes the most to climate change. This urged world business leaders in general and leaders in the manufacturing industry in particular to cooperate, promote the use of more renewable energy, and realize the path of sustainable growth.
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