Kyoto Group announced the signature of a Memorandum of Understanding with Schneider Electric. The companies' shared goal is driving mutual business growth while decarbonizing and electrifying industry together. The two companies aim to enter into a multi-country commercial agreement ("MCCA").

It will cover technology development, purchase and supply of Schneider Electric products and software solutions, focusing on innovation, superior quality, and cost optimization. This will lead to growth and positive outcomes for both parties. Schneider Electric intends to become Kyoto's dedicated technology partner and actively participate in delivery of critical electrical equipment to Kyoto Group's E-house and Heatcube.

Schneider Electric may also provide expertise and support to Kyoto in the pursuit of electrifying and decarbonizing the industry. The aim is to develop cutting edge, digital solutions that enhance operational efficiency, leverage customer experience and lead to market competitive advantages. The partners intend to actively promote competitive solutions based on the technology from both companies to their customers.

They will also initiate joint go-to-market activities. This underscores both parties' intentions to nurture a mutually beneficial relationship.