Schneider Electric is cashing in on the infrastructure scramble, locking down nearly $2.3B in new contracts to upgrade US data centers. (Reuters)
Schneider signed a $1.9B agreement with Switch and a $373M deal with Digital Realty to deliver specialized power and cooling gear over the next two years.
The promise: With grid capacity already maxed out, Schneider’s pitching specific hardware to help operators scale up their AI compute without a 1:1 spike in power demand.