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Schneider Electric Opens New Data Center and Microgrid Testing Labs at Global R&D Center in Massachusetts

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As part of €2.26 billion (approx. $2.4 billion) invested recently in global R&D, new testing laboratories support surging market growthSchneider Electric designs and develops reliable, efficient power distribution units, tested, validated in Andover for the AI data center marketNew microgrid lab simulates, tests and validates microgrids in real-world situations, accelerating delivery of resilient and efficient power solutions

ANDOVER, Mass., Feb. 27, 2025 /PRNewswire/ — Schneider Electric, the leader in the digital transformation of energy management and automation, held a ribbon cutting today to mark the opening of new data center and microgrid research laboratories in the heart of its Global R&D Center in Andover, Mass.

The new labs are a part of €2.26 billion (approx. $2.4 billion) that the company invested in 2024 globally to support research and development. Andover is one of five R&D Centers operated by the company.

With the addition of the new spaces, Schneider Electric now has 40 labs in Andover. The 6,000-square-foot Power Distribution Unit (PDU) laboratory contains three testing bays and allows researchers to test high-powered voltage systems that the company designs and develops for the AI data center market. The 1,500-square-foot microgrid laboratory includes four 90kW grid simulators and three 45kW solar simulators, simulating the power demands of roughly 300 homes and solar energy for 110 homes. The lab enables researchers to test fully functioning microgrids under real-world conditions, allowing Schneider to more quickly design and deliver microgrids for its customers.

“As AI revolutionizes industries and consumers demand more data for digital services, the need for data centers continues to rapidly expand,” said Pankaj Sharma, Executive Vice President, Data Centers & Networks at Schneider Electric. “Additionally, industrial environments, businesses, municipalities, hospitals, and schools are seeking resilient solutions for their energy needs, and microgrids offer a terrific solution. These new R&D labs will help us deliver future-proof, reliable and efficient energy solutions to our customers.”

In 2024, Schneider Electric’s energy-management business grew by double digits. As part of industry-leading efforts to develop energy strategies to unlock the AI era, Schneider Electric recently released new data center reference designs in partnership with Nvidia to support liquid-cooled, high-density AI clusters. In North America, Schneider Electric has designed, built and maintains 350-plus advanced microgrid projects. Last year, Schneider Electric microgrids in the United States managed more than 100 gigawatts of energy, enough to power 75 million homes.

The new labs solidify Schneider Electric’s position as the largest clean energy company in Massachusetts. The company employs 1,600 people in the state, including 700 at the Andover facility. Schneider Electric’s many investments in the Boston region include sponsoring all Boston Athletic Association events as the organization’s “Official Sustainability Partner,” including the iconic Boston Marathon presented by Bank of America, as well as the Boston 5K, Boston 10K and Boston Half.

The investment also supports the recently passed Mass Leads Act, which aims to grow the state’s economy via emerging industries, such as climate tech, life sciences and artificial intelligence. Yvonne Hao, Secretary of the Executive Office of Economic Development, and Rebecca Tepper, Energy and Environmental Affairs, Commonwealth of Massachusetts, attended today’s ceremony.

“Microgrids are a critical tool to power our homes, businesses, and growing industries like AI,” said Secretary Tepper. “Schneider Electric’s innovative technologies tested and utilized here in Andover will help meet growing demand with clean energy resources, demonstrating again that our economic development and climate goals are closely linked.”

Secretary Hao added: “The opening of Schneider Electric’s new data center and microgrid laboratories signals a continued era of growth and innovation for our state. Data centers are critical to our nation’s economy from everything to banking, manufacturing, education and entertainment, and microgrids have emerged as a game changer in strengthening facilities and communities against energy disruptions.”

Power Distribution Lab Tests Reliable, Efficient Systems for Data Centers, IT Networks

The data center lab features high-voltage test stations and 3D-printing stations. Schneider Electric offers modular and configurable PDUs. These units are known for their robust design, ease of installation, and integration with Schneider Electric’s EcoStruxure software platform, ensuring seamless operation and optimization of power usage. This includes testing basic, metered, and switched PDUs that offer varying levels of monitoring and control to meet different needs. For example, NetShelter Metered Rack PDUs provide remote monitoring of connected loads, which helps in managing and optimizing power usage.

Microgrid Lab Simulates Distributed Energy Resources in Real-World Situations

The microgrid lab can test various Distributed Energy Resources (DERs), including on-site renewables like solar, backup generators, battery energy storage systems and EV charging, for buildings on campuses or in office parks.

“The microgrid lab is used to pre-test and validate our EcoStruxure™ Microgrid Flex solutions, helping to deploy microgrids more efficiently,” said Khaled Fakhuri, Schneider Electric’s Senior Vice President of Global Microgrids. “By integrating a spectrum of DERs, alongside a grid connection, the lab delivers tested, validated and documented architectures using a more standardized approach to accelerate the deployment of robust microgrid controls.

“The lab has already aided us with the deployment of several microgrids including JFK Airport’s New Terminal One project, overseen by AlphaStruxure, a joint venture of Schneider Electric and Carlyle, and for Bimbo Bakeries’ facilities in California, a GreenStruxure project,” Fakhuri added.

The microgrid lab also offers rigorous testing for battery energy storage systems to ensure peak performance during critical periods, such as high-peak pricing or grid interruptions. The Andover facility features Schneider Electric’s new Battery Energy Storage System (BESS), an all-in-one, behind-the-meter, energy-storage system. Seven-foot and 20-foot containerized battery systems were installed and are used to simulate energy storage.

About Schneider Electric

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitalization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com  

Discover Life Is On

Follow us on: X | Facebook | LinkedIn | YouTube | Instagram | Blog 

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on Schneider Electric Insights.

Hashtags: #SchneiderElectric #EnergyEfficiency #DataCenters #Microgrids #MassLeadsAct #AI

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/schneider-electric-opens-new-data-center-and-microgrid-testing-labs-at-global-rd-center-in-massachusetts-302387415.html

SOURCE Schneider Electric

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Club Offers for Travel Enthusiasts in Canada

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October 23, 2026

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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1 hour ago

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October 23, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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2 hours ago

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October 23, 2026

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

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