Schneider Electric Secures $2.3 Billion Deals to Tackle AI Data Center Power Demands

Schneider Electric has secured approximately $2.3 billion in contracts with U.S. data center operators Switch and Digital Realty to deliver advanced cooling, power modules, UPS systems, and switchgear, addressing the escalating electricity demands driven by AI workloads that also parallel the energy-intensive nature of cryptocurrency mining operations. Schneider Electric’s $1.9 billion deal with Switch focuses