Schneider Electric, a leading global expert in energy management and automation, has unveiled a range of innovative solutions to address pressing energy and sustainability issues using artificial intelligence. The innovations were presented at the International Conference on Digital Transformation and Sustainable Development held in Paris.
Some solutions included innovations such as:
EcoStruxure Energy Hub – an intelligent energy management platform that allows companies to monitor resource consumption in real time and optimize their use to reduce their carbon footprint.
AI-Powered Grid Manager – an energy grid management system that uses artificial intelligence to analyze data and predictive control to improve the resilience and reliability of energy systems.
Green Building Suite – building optimization software to improve energy efficiency and reduce operating costs.
Smart Charging Station System for Electric Vehicles – a solution that integrates charging infrastructure with power grids and increases the efficiency of renewable energy sources.
According to Mikhail Bubnov, CEO of Schneider Electric Ukraine, these technologies will soon be available on the Ukrainian market.
“We are proud that our solutions presented in the global arena will be available to Ukrainian customers in the near future. This will enable the introduction of advanced technologies for energy management and automation, contributing to the sustainable development of the country and improving energy efficiency,” said Mikhail Bubnov.
According to the company’s forecasts, the use of such solutions in the Ukrainian market will contribute to improved energy management, cost reduction and transition to more environmentally friendly energy sources. This is especially important in the context of current challenges associated with the global energy crisis and the need to adapt to the standards of sustainable development.
Schneider Electric is a global leader in energy management and automation. The company develops integrated solutions for energy efficiency and sustainability, driving digital transformation across industries. With more than 180 years of history, Schneider Electric continues to innovate to create a sustainable future. Schneider Electric began its operations in Ukraine in 1994, opening representative offices in Kiev, followed by Donetsk, Mykolaiv and Lviv. In 2000, Schneider Electric Ukraine LLC was established with a commercial structure and warehouse, which allowed the company to strengthen its presence in the Ukrainian market and provide customers with a wide range of solutions in the field of energy management and automation.
Insurers in 2024 will focus on increasing investment in private markets, clean energy infrastructure and innovative technologies. According to the Reinsurance News website, this is according to the 13th annual Global Insurance Report by asset management company BlackRock.
For the third consecutive year, the report found that the majority of insurers plan to increase private market allocations, with 91% of respondents indicating they will do so in the next two years.
That figure reaches 96% for insurers in Asia Pacific and North America. The report is based on information from 410 insurance investors in 32 markets managing approximately $27 trillion in assets.
“With 2024 expected to be a landmark election year, insurers are increasingly concerned about how political uncertainty could impact macroeconomic risks, citing regulatory changes (68%) and rising geopolitical tensions and fragmentation (61%) as top concerns,” the report notes.
In addition, market risks such as interest rate volatility (69%) and liquidity problems (52%) were identified as critical.
Despite these challenges, 74% of insurers have no plans to change their current risk profiles. Many insurers cited the value of partnerships in improving their internal expertise for risk assessment and portfolio management, with 40% of respondents emphasizing that an investment partner that understands both their insurance business and operating model is critical to achieving their strategic goals.
In the public markets, 42% of insurers plan to increase investments in government and agency bonds, while 33% focus on inflation-linked bonds, as 46% view inflation as a significant macroeconomic risk. In addition, 44% of insurers are looking to increase their holdings in cash and short-term instruments to maintain liquidity.
BLACKROCK, clean energy, INNOVATION, INSURERS, INVESTMENT, private markets
Ukraine does not yet have resources for creating its own innovative drugs, the development is demonstrated by generic production, Dmytro Shymkiv, the chairman of the board of directors of Darnitsa Group, has said.
“For the production of innovative drugs, we need appropriate research and development and patent protection of intellectual property not only in Ukraine, but also globally. And we also need the ability to raise from $ 1 billion and have at least 8-10 years of time. The availability of such resources in Ukraine is not yet discussed,” he said in an interview with Interfax-Ukraine.
At the same time, he noted that “the generic market is also showing development, new combination drugs are being created and the existing lines are actively expanding.”
In addition, Shymkiv believes that “the Ukrainian pharmaceutical sector will not be able to cover all the needs for medicines,” therefore, there can be no talk of 100% import substitution.
“Refusal to import can be considered in those segments where Ukrainian companies can and are already producing drugs,” he said.
Commenting on the possibility of reviving vaccine production in Ukraine, Shymkiv stressed that “vaccine production is, first of all, issues of public-private partnership.”
“We studied the possibility of launching vaccine production. Everything causes the question: who is the customer. If the state guarantees the purchase, then we will have a Ukrainian plant using the best technologies. And Darnitsa is ready to invest in this. Invest where there are no guarantees of public procurement is too risky,” he said.
Ukrainian Prime Minister Volodymyr Groysman has said that today Ukraine is a very strong player in the field of innovation, and the Ukrainian IT sector shows an increase of about 20% annually. “We need to increase dynamic growth, and we need new investments for this goal. Of course, we need new technologies and not only technologies that we can borrow, but I think that many people will agree that today Ukraine is a very strong player in the field of innovation,” he said at the Kyiv International Economic Forum on Thursday. The premier added that in the innovation sector, the country is showing dynamic growth, in particular, a significant increase is shown by the IT sector – about 20% annually.
“We understand that new technologies are in conflict with the number of jobs,” Groysman added.
At the same time, he stressed that in Ukraine there are sectors where new jobs are created, and official unemployment in the country is falling.
The premier also predicted a shortage of labor in the future.
Groysman noted that there are areas in Ukraine that have the 10-12-fold potential for growth, which allows it to be quite competitive in investment.
