Energy management and automation multinational Schneider Electric has signed a memorandum of understanding with marine energy technology company Minesto to develop and build ocean energy farms based on Minesto’s Deep Green technology. The companies will jointly identify, assess and develop projects, ranging from smaller microgrid installations to multimegawatt farms, as well as exploit their existing pipelines of leads. The collaboration will include technical system integration and project management, as well as sales and project finance opportunities.
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