Schneider Electric, opens new tab said on Wednesday that it had signed new deals worth almost $2.3 billion with two U.S. data centre operators, as surging adoption of artificial intelligence boosts infrastructure demand.
At an industry event in Las Vegas, the French industrial group announced a $1.9 billion partnership with privately held tech firm Switch, covering power modules and cooling systems
.The second agreement, valued at $373 million and involving uninterruptible power supplies and switchgear, was signed with Texas-based Digital Realty.
The two contracts are a phased delivery of 2025 and 2026, a Schneider spokesperson said.
Schneider, France’s biggest energy company by market value, has emerged as a key data centre supplier, making server racks, cooling and power equipment that form the backbone of AI infrastructure.
It is also working with chipmaker Nvidia, opens new tab to design cooling systems for its most powerful AI chips.
Large-scale cloud service providers, also known as hyperscalers, are racing to build AI infrastructure. Amazon, Meta, Google and Microsoft are projected to spend more than $360 billion in 2025, according to company filings.
