AI to impact energy market?

The ambition of this first promotion is to accelerate the digital transformation of this sector and help European start-ups to continue developing artificial intelligence. The Inria laboratory, Sigfox, Elaia, Energize Venture and France Digitale are also part of this program and will each get involved during all its phases (sourcing of start-ups, selection process, coaching, etc.).

Cyril Perducat, Executive Vice President IoT and Digital Transformation Schneider Electric, said, "We are delighted to partner with Microsoft to incubate new ideas to help the energy sector achieve a successful energy transition notably through AI. Co-innovation projects like this one are important for the entire energy industry to move forward towards a sustainable future."

For Schneider Electric, this initiative is part of two bigger ones recently launched by the group:

• Schneider Electric Ventures launched late last year, to identify, nurture and support innovations that will make a major contribution to future sustainability and energy efficiency.
• Schneider Electric Exchange, a new digital ecosystem launched last April bringing together experts and innovators from across industry, software and start-ups to solve sustainability and business efficiency challenges.

The selected start-ups will be unveiled at the Schneider Electric Innovation Summit on October 2 and 3, 2019 in Barcelona, ​​Spain.