
Rueil-Malmaison (France), July 23, 2012 – The Skolkovo Foundation and
Schneider Electric, the global specialist in energy management, signed an agreement to create a new R&D center in Russia's Skolkovo Innovation City.
The in-house R&D center, with a workforce of more than 100 employees by 2016, will be working to create an advanced energy distribution management system for electricity networks, develop standalone generator control systems and other innovative solutions. Around 90% of the company's staff at the R&D center will be research personnel.
Viktor Vekselberg, President of the Skolkovo Foundation said, "Cooperation with companies such as
Schneider Electric, who are leaders in their field and instrumental in imposing new standards, is especially important to us. It is also worth noting that the company, in addition to researching their own solutions, will be participating directly in developing the smart grid system for the Skolkovo Innovation City".
Jean-Pascal Tricoire, President & CEO of
Schneider Electric, said: "Opening our new R & D center in Skolkovo Innovation City, we are delighted to establish ourselves in the heart of the new Russian technology and innovation hub. Through this agreement, we reaffirm our long-term strategic plan to invest for innovation in Russia ".
The agreement was signed by Viktor Vekselberg, President of the Skolkovo Foundation, Conor Lenihan, Vice-President for International Business of the Skolkovo Foundation, Jean-Pascal Tricoire, President & CEO of
Schneider Electric, and Jean-Louis Stasi, President of
Schneider Electric Russia, during the 2012 St. Petersburg International Economic Forum.