55 Life Is On | Schneider Electric www.se.com Chapter 1 – Group strategy and sustainability Strategic Report 1. 1.3.5 SE Ventures How we prepare for what is coming next The energy industry is transforming into a decarbonized, decentralized, and digital energy system. New solutions are needed to move the world towards a zero-carbon economy, and startups are developing disruptive technology and business models. The corporate venture capital arm of Schneider Electric, SE Ventures, enables Schneider to engage with these startups around the world. Our Market Intelligence team perform deep dives on quickly growing sectors, researching and developing market maps to provide recommendations. Every growth opportunity is evaluated as a potential investment, partnership, or incubation of a new business. SE Ventures provides capital to bold entrepreneurs who can benefit from Schneider Electric’s deep domain expertise, R&D assets, and global customer base. SE Ventures has built an extensive global innovation network, ensuring early access to breaking technologies and fast moving markets. How it contributes to the open ecosystem SE Ventures partners with startups to help them scale by connecting them with experts from our lines of business. Connecting our employees to startups is mutually beneficial – helping Schneider Electric to spur new ideas, reduce R&D costs, and add complementary technologies, and startups to benefit from our deep domain expertise, access to customers, and our world-class supply chain. This open ecosystem connects Schneider Electric to external companies with disruptive ideas, ensuring we are always challenging the current state and looking for innovation opportunities. Our recent “Dare to Disrupt” internal innovation program reflected our employees growing innovation DNA, with 2,500 people participating, 242 teams pitching their ideas, and three teams selected for an external incubation to build a new company. SE Ventures – areas of interest New Energy Landscape Decentralized, decarbonized, digitally enabled future. Smart Structures Connecting and decarbonizing the Built Environment. Industry 4.0 Sustainable industry, automation and connected workforce. Climate Tech Transforming businesses to zero-carbon. Examples of SE Ventures investments Electric Vehicle Services Installation and integration services for energy transition technologies. Industrial Predictive Maintenance AI-driven solutions for critical equipment. Manufacturing Software Connected worker platform for driving manufacturing excellence. Home Energy Management Home Energy Monitor and software provides real-time insight into energy use. Distributed Energy Resources AI-driven software to predict, optimize, and control distributed energy resources. Electric Vehicles Zero-emission electric transit vehicles and electric vehicle solutions for commercial applications. Cybersecurity Industrial cybersecurity platform to identify, manage, and protect OT, IoT, and IIoT assets. €500m fund 36 investments of which 12 in 2021 6 incubations 200 co-innovations with startups