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Government Contractor Admits Scheme to Inflate Costs on Federal Projects and Pays $11 Million to Resolve Criminal and Civil Probes - Press Release


Government Contractor Admits Scheme to Inflate Costs on Federal Projects and Pays $11 Million to Resolve Criminal and Civil Probes
Schneider Electric Buildings Americas Inc. (Schneider Electric), a nationwide provider of electricity solutions for buildings and data centers with its principal place of business in Carrollton, Texas, will pay $11 million to resolve criminal and civil investigations relating to kickbacks and overcharges on eight federally-funded energy savings performance contracts (ESPCs), the Department of Justice announced today.  Under the contracts, Schneider Electric was to install a variety of energy savings upgrades, such as solar panels, LED lighting, and insulation, in federal buildings.
As part of the criminal resolution with the U.S. Attorney’s Office for the District of Vermont (USAOVT), Schneider Electric admitted that it fraudulently charged the government nearly $1.7 million in design costs incurred on three ESPCs funded by the Department of ....

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Schneider Electric admits to scheme to overcharge government agencies - Press Release


Schneider Electric admits to scheme to overcharge government agencies
Schneider Electric Buildings Americas, Inc. (Schneider Electric), a nationwide provider of electricity solutions for buildings and data centers with its principal place of business in Carrollton, Texas, will pay $11 million to resolve criminal and civil investigations relating to kickbacks and overcharges on eight federally-funded energy savings performance contracts (ESPCs), the Department of Justice announced today. Under the contracts, Schneider Electric was to install a variety of energy saving upgrades such as solar panels, LED lighting, and insulation in federal buildings.
As part of the criminal resolution with the United States Attorney’s Office for the District of Vermont (USAOVT), Schneider Electric admitted that it fraudulently charged the Government nearly $1.7 million in design costs incurred on three ESPCs funded by the Department of the Navy (DON), General Services Administration (GSA), ....

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Schneider Electric releases report on state of European renewable energy market - Press Release


Schneider Electric releases report on state of European renewable energy market
Our next Innovation Spotlight for this month comes from Schneider Electric, which introduces the latest edition of its intelligence report into the European renewable energy market.
The European renewable energy landscape presents a range of opportunities for corporate buyers to procure renewables and meet their sustainability targets. In July of 2020, Ball Corporation, a world-leader in the packaging sector, signed two virtual power purchase agreements (PPAs) in Europe enough to address approximately 63% of its European electricity load utilized in its aluminum beverage packaging plants (excluding Russia) with renewable energy.  ....

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