Diana Olick: Despite its name, Schneider Electric does not generate electricity. It's an energy management company mixing electrification and digitization together so customers like Nvidia know exactly where their energy is consumed and can then optimize in real time their energy usage. I sat down with company chairman Jean-Pascal Tricoire, who has been with Schneider nearly 40 years, but says he has never seen a revolution in energy technology like he's seeing now.Jean-Pascal Tricoire: AI is a revolution o ...

Core Insights - ConnectM Technology Solutions, Inc. has completed the acquisition of Cambridge Energy Resources Ltd. (CER), enhancing its service offerings in India's distributed energy and telecom sectors, which are experiencing rapid growth [1][2][4] Company Overview - ConnectM is a technology company focused on the energy economy, providing solutions that enable a transition to a modern energy system [6] - CER specializes in Energy-Management-as-a-Service (EMaaS) and offers integrated clean energy solutions, particularly for telecommunications infrastructure [7][8] Acquisition Details - The acquisition of CER was completed after securing regulatory approval, with ConnectM winning the bid in 2021 for INR 120 million ($1.4 million), while the fair value assessment of CER is INR 240 million ($2.8 million) [2][4] - The acquisition is expected to significantly contribute to ConnectM's growth, with projections indicating that revenue from India could increase from 5% to 15% of global revenue within the next twelve months, equating to an annualized $10 million [4] Strategic Importance - This acquisition positions ConnectM to leverage CER's local expertise to deploy its proprietary Home and Building Electrification (HBE) platform and Energy Intelligence Network (EIN) in India [3][4] - The move aligns with India's ambitious goals of achieving 500 GW of non-fossil fuel power capacity by 2030, supported by substantial investments in the power sector [4] Market Context - India's distributed energy and telecommunications sectors are among the fastest-growing markets globally, driven by the demand for renewable energy solutions and energy-efficient infrastructure [2][4] - The acquisition follows ConnectM's announcement of its first HBE project in India, marking a significant step in its international expansion strategy [5]