Schneider Electric has launched the EcoStruxure Power & Process (EP&P) to boost India’s rapidly evolving oil and gas sectors, and to drive the efficiency and augment profitability.
Schneider Electric has also partnered with Microsoft to create the commercial Internet of things (IoT) solutions in the areas of energy management and automation, thus bringing power and process systems together. The company aims to address the challenges of market volatility in the O&G sector.
When power and process management systems operate as separate silos, industrial organizations soon find themselves at a competitive disadvantage. Separate teams of engineers and programmers are required to build up and maintain operations.
The introduction of the EP&P in the Indian market will see companies in the oil, gas and petrochemical sectors break down the traditional barriers between power and process control systems to solve critical engineering and operating challenges.
By leveraging the Schneider Electric EcoStruxure IoT-enabled system architecture and platform, customers can connect assets that are the center of their projects with the assets that are the center of their operations, across the full lifecycle of their plants, including their supply chains.
Schneider Electric, the French multinational automation and energy management specialist, reportedly the launched Eco Struxure Power and Process (EP&P), to augment profitability and increase efficiency in India’s rapidly growing oil and gas sectors.
Schneider has teamed up with Microsoft to build commercial solutions from internet of things (IoT) in the field of automation and energy management. Through the Schneider Electric EcoStruxure platform, the electric firm intends to address the market volatility challenges arising in the oil and gas industry, while reducing OpEx and CapEx by 20%-30%.
Anil Chaudhry, Managing Director at the Schneider Electric India said when process and power management systems work as separate silos, industrial enterprises soon find themselves trapped in a competitive disadvantage. Through EcoStruxure companies can get better returns on the employed capital, with a 20% reduction in CapEx and a 15% reduction in downtime, as well as a 3% increase in profitability.
Anil Chaudhry further added that the Indian hydrocarbon market is at the edge of major transformation as companies in the value chain are stepping up their efforts to increase the country’s self-sufficiency in gas and oil, further expand refining capacities, and establish infrastructure of pipeline for transportation throughout the country.
By leveraging the IoT-enabled Schneider Electric EcoStruxure platform and system architecture, consumers can link assets that at the core of their projects to the assets that come form the core of their operations throughout the complete life cycle of their respective plants, including supply chains.
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.