Lauritz Knudsen a Schneider Electric Group company, has announced plans to expand its presence in the renewable energy sector by focusing on innovations in hydrogen analyzers, wind energy systems and EV charging infrastructure. Acquired from Larsen & Toubro’s electrical and automation division in 2020 for ₹14,000 crore, the company is now prioritizing clean energy solutions to align with global sustainability goals.
Key Highlights of the Expansion Plan
- Focus Areas:
- Hydrogen Analyzers: Developing advanced solutions for hydrogen production and storage.
- Wind Energy Systems: Innovating in wind turbine technology and energy generation.
- EV Charging Infrastructure: Expanding capabilities in electric vehicle charging solutions.
- Investment:
- The company is investing ₹850 crore in manufacturing plants, R&D labs, and automation lines.
- This investment is part of Schneider Electric’s global €2 billion capacity expansion plan from 2024 to 2027.
- Clean Energy Solutions:
- Lauritz Knudsen is focusing on alternative energy products, including ethanol, solar, wind, green hydrogen, Agri-tech, pumped storage systems (PSP), and battery energy storage systems (BESS).
Commitment to Renewable Energy
Naresh Kumar, Chief Operating Officer of Lauritz Knudsen, emphasized the company’s dedication to clean energy.
“We are dedicated to being a leader in clean and renewable energy. Our innovation and R&D efforts are concentrated on the new energy landscape, and in fact, we have a dedicated business unit focused on this area,” Kumar said.
Manufacturing and R&D Facilities
Lauritz Knudsen operates manufacturing plants in:
- Vadodara
- Ahmednagar
- Coimbatore
The company also has an R&D center in Mhape, Navi Mumbai, employing over 500 people. These facilities will play a crucial role in driving innovation and scaling production for renewable energy solutions.
Rising Demand for Alternative Energy
The company is capitalizing on the growing demand for alternative energy products, driven by global efforts to combat climate change and transition to sustainable energy sources. Lauritz Knudsen’s focus on green hydrogen, wind energy, and EV charging infrastructure positions it as a key player in the renewable energy market.
Looking Ahead
Lauritz Knudsen’s expansion into renewable energy reflects its commitment to sustainability and innovation. By investing in advanced technologies and infrastructure, the company aims to contribute to the global energy transition while meeting the rising demand for clean energy solutions.
As the renewable energy sector continues to grow, Lauritz Knudsen is well-positioned to lead the way in developing cutting-edge solutions that support a sustainable future.
