Partnership to develop integrated Smart Building solution
Schneider Electric, a global leader in the digital transformation of energy management and automation, recently signed a memorandum of understanding (MoU) with PARA, a leader in digitally enabled building design and operational performance and a member of the London-based Sidara, a global collaborative of leading architecture, design, engineering, and consulting firms.
Providing accelerated efficiency solutions to increase sustainability in the built environment is of globally vital importance as buildings consume about 30% of the world’s energy and account for almost 40% of annual carbon dioxide emissions, according to a press release.
Responding to this critical demand, the agreement will provide a market-ready integrated solution, bringing together PARA’s digital twin technology PARA OS and its strategic digital advisory services, and Schneider Electric’s building segment portfolio, spanning the commercial, healthcare, and airports domains.
Bringing to market a one-of-a-kind solution that seamlessly integrates Smart Building strategy, design, engineering, and implementation, the partnership will bridge the gap between vision and execution and deliver smarter, more efficient, and future-ready buildings.
In a market crowded with competing, complex, proprietary technological solutions, PARA’s digital advisory helps clients cut through the noise, prioritize their needs, and build a clear, actionable strategy.
That strategy is then brought to life through the combined strengths of Schneider Electric’s automation and energy management expertise in combination with PARA’s advanced software capabilities, thereby reducing complexity, increasing speed of implementation, and negating compatibility issues.
Walid Sheta, Zone President, Middle East and Africa, Schneider Electric, and Faysal Shair, Partner and Director, Digital Solutions, Dar (the founding member of Sidara), signed the agreement at Schneider Electric’s new Dubai Office, The NEST, in the presence of senior representatives from the two companies.
“By uniting the unique expertise of Schneider Electric and PARA, we are creating a powerful, market-ready solution to accelerate the digital transformation of buildings. This collaboration simplifies the entire process, from initial design to long-term operation,” stated Sheta.
“We are excited to build on our ongoing partnership with Schneider Electric, to simplify complex processes and fast-track the adoption of smart, data-driven buildings,” concluded Shair.
