Partnership addresses evolving needs of
energy industry and supports transition to more sustainable
future
VANCOUVER, BC, Nov. 27,
2023 /CNW/ - Copperleaf® Technologies Inc.
(TSX: CPLF) ("Copperleaf" or the "Company"), a global leader in
decision analytics solutions for asset investment planning and
optimization to the energy industry, announces its alliance with
Siemens Smart Infrastructure, a leading provider of grid planning,
operations and maintenance software, and a domain expert in power
systems and grid control. This strategic partnership will combine
Siemens' expertise with Copperleaf's industry-leading enterprise
software solutions, to help transmission system operators (TSOs)
and distribution system operators (DSOs) make investment decisions
that deliver the highest business value.
Copperleaf and Siemens have entered into a co-innovation
partnership to integrate technical planning with value-based
investment planning. This joint innovation will allow utilities to
get the most out of their existing assets and optimally plan for
the necessary changes to the electrical grid to address the energy
transition in the coming decades. This integrated approach bridges
traditional planning siloes to maximize technical, financial,
environmental, and social performance.
"By bringing together Siemens' domain knowledge and advanced
software solutions and Copperleaf's industry-leading asset
investment planning (AIP) capabilities, TSOs and DSOs will gain
comprehensive insights to generate capital efficiencies and
maximize the value of their investments," commented Paul
Sakrzewski, Copperleaf CEO. "This approach will help organizations
achieve sustainable growth while meeting the increasing demands of
their businesses and complying with essential environmental,
social, and governance (ESG) regulatory mandates."
"We are excited to join forces with Copperleaf. A key focus of
this collaboration will be to integrate and optimize technical and
investment planning to increase the potential for cost savings and
improved reliability. Well-informed investment decisions help
utilities unlock much-needed grid capacity," added Sabine
Erlinghagen, CEO of Grid Software at Siemens Smart Infrastructure.
"As the world embarks on an ambitious journey towards a more
sustainable and decarbonized energy future, the complexities and
challenges faced by the energy industry have never been greater. It
is imperative that organizations adopt a holistic approach,
considering both the strategic and operational aspects of their
assets and businesses."
Forward-Looking Statements
This press release may
contain "forward-looking information" and "forward-looking
statements" (collectively, "forward-looking information") within
the meaning of applicable securities laws in Canada, including, without limitation,
statements with respect to our expectations, plans or future
opportunities. Forward-looking information is necessarily based on
a number of opinions, estimates and assumptions that we consider
appropriate and reasonable on the date such statements are made,
but which are subject to known and unknown risks, uncertainties,
assumptions and other factors that may cause actual results, level
of activity, performance or achievements will be materially
different from those expressed or implied by such forward-looking
information, including, but not limited to, the risk factors
described in our 2023 Annual Information Form ("AIF") under "Risk
Factors. Accordingly, readers should not place undue reliance on
forward-looking information.
Except as required by securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update this forward-looking information if the Company's
expectations regarding future events change, or actual results
differ from the expectations expressed in this press release.
About Copperleaf
Copperleaf (TSX:CPLF) provides
enterprise decision analytics software solutions to companies
managing critical infrastructure. We leverage operational and
financial data to empower our clients to make investment decisions
that deliver the highest business value. What sets us apart is our
industry-leading products and our commitment to providing
extraordinary experiences, shaped by people who care deeply and
partnerships that stand the test of time. Copperleaf is actively
involved in shaping and implementing global industry standards and
sustainability principles through our participation in the United
Nations Global Compact, the Institute of Asset Management, and
other organizations. Headquartered in Vancouver, Canada, our solutions are
distributed and supported by regional staff and partners worldwide.
Together, we are transforming how the world sees value.
About Siemens
Siemens Smart Infrastructure (SI) is
shaping the market for intelligent, adaptive infrastructure for
today and the future. It addresses the pressing challenges of
urbanization and climate change by connecting energy systems,
buildings and industries. SI provides customers with a
comprehensive end-to-end portfolio from a single source – with
products, systems, solutions and services from the point of power
generation all the way to consumption. With an increasingly
digitalized ecosystem, it helps customers thrive and communities
progress while contributing toward protecting the planet. Siemens
Smart Infrastructure has its global headquarters in Zug,
Switzerland. As of September 30, 2022, the business had around
72,700 employees worldwide.
Siemens AG (Berlin and
Munich) is a technology company
focused on industry, infrastructure, transport, and healthcare.
From more resource-efficient factories, resilient supply chains,
and smarter buildings and grids, to cleaner and more comfortable
transportation as well as advanced healthcare, the company creates
technology with purpose adding real value for customers. By
combining the real and the digital worlds, Siemens empowers its
customers to transform their industries and markets, helping them
to transform the everyday for billions of people. Siemens also owns
a majority stake in the publicly listed company Siemens
Healthineers, a globally leading medical technology provider
shaping the future of healthcare. In addition, Siemens holds a
minority stake in Siemens Energy, a global leader in the
transmission and generation of electrical power.
In fiscal 2022, which ended on September
30, 2022, the Siemens Group generated revenue of €72.0
billion and net income of €4.4 billion. As of September 30, 2022, the company had around
311,000 employees worldwide. Further information is available on
the Internet at https://www.siemens.com/.
Source: Copperleaf Technologies Inc.
CPLF-IR
SOURCE Copperleaf Technologies Inc.