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Lauritz Knudsen plans green energy, EV charging forays
Financial Express Kochi
|February 25, 2025
Exploring Opportunities
LAURITZ KNUDSEN, part of Schneider Electric Group, is exploring innovations such as hydrogen analysers and wind energy systems as part of its plans to grow its renewable energy business. The firm is also looking to venture into EV charging infrastructure.
In 2020, Schneider Electric acquired L&T Switchgear, Larsen & Toubro's electrical and automation business, for ₹14,000 crore and rebranded it as Lauritz Knudsen.
"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," said Naresh Kumar, chief operating officer at Lauritz Knudsen.
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