Rio Tinto, a leading global mining and metals company, and Schneider Electric have signed a memorandum of understanding (MoU) to collaborate on the development of a circular and sustainable market ecosystem for both companies and their customers.
This multi-product partnership will see Schneider Electric use more responsibly sourced materials produced by Rio Tinto. These include low-carbon aluminium and copper produced with renewable power, iron ore, and borates. Rio Tinto will utilise energy and industrial services from Schneider Electric, as the companies work together to develop digital platforms, technologies and solutions to be deployed across the metals and mining supply chain to help drive further decarbonization.
The partnership will draw on Schneider Electric’s Energy as a Service experience to evaluate the use of new innovation solutions, including microgrids, to supply energy from low-carbon sources, and artificial intelligence and advanced analytics to help meet sustainability goals at Rio Tinto sites and throughout its supply chain.
Rio Tinto’s START traceability and transparency initiative, its first sustainability label for aluminium using blockchain technology, will be deployed with Schneider Electric to help unlock additional value for customers, suppliers and partners. The companies will work to expand this transparency, offering START in combination with Schneider Electric’s EcoStruxure platform.
The companies will also partner to evaluate other emerging innovation opportunities, such as the more efficient production of critical materials for renewable technologies and advances in low-carbon, green steel manufacturing, both of which will play a key long-term role in industrial decarbonization.
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.