Schneider Electric’s Grid Modernization and PowerStruxure provide solutions that connect grids with distributed energy resources to increase infrastructure reliability. The company focuses on R&D and inorganic growth strategies to meet the evolving enterprise needs. In 2016, the company spent USD 1,368 million on R&D to support innovations for enhancing its product portfolio. The company’s low-voltage electric distribution panel developed using the cutting-edge IoT platform collects large volumes of data and stores it on the cloud to optimize business performance.