Power Measurement to operate under the Schneider Electric name
Power Measurement will operate as a global “power monitoring and control” group under the Schneider Electric name. Brad Forth, Power Measurement president and CEO, will lead Schneider Electric’s Power Monitoring and Control (PMC) initiative as vice president, PMC from the group’s headquarters in Victoria, British Columbia.
Schneider Electric acquired Power Measurement in April 2005. As an integrated part of the Schneider Electric family, Power Measurement, now Schneider’s PMC group will continue to develop intelligent systems for analysis and control of energy consumption.
“At a time when energy management has never been more important, it’s very exciting for everyone here to be a part of this great initiative,” said Forth. “As a key part of Schneider Electric’s global operation, we now offer our customers the world’s largest range of power and energy-management solutions, integrated seamlessly with Schneider Electric’s full line of power protection, monitoring and control equipment.”
“Energy won’t be cheap in the next five to 10 years, but together we’re going to help our customers master their energy bills,” said Jean-Pascal Tricoire, Schneider Electric’s chief operating officer.
“Power Measurement’s innovative technology in energy management and conservation reduces energy costs for consumers, and helps to promote environmental responsibility,” said Richard Neufeld, B.C. Minister of Energy, Mines and Petroleum Resources. “As we prepare to launch our new Energy Plan in 2006, our government is setting a new vision on a path towards a sustainable energy future with greater emphasis on efficiency, innovation and conservation.”