Lauritz Knudsen's Bold Leap into Renewable Energy

Lauritz Knudsen, a Schneider Electric Group company, plans to expand its renewable energy business particularly by innovations in hydrogen analysers, wind energy systems, and EV charging infrastructure. Acquired from Larsen & Toubro’s electrical and automation division in 2020 for Rs 14,000 crore, Lauritz Knudsen is now focusing on clean energy solutions.

“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,” Chief Operating Officer, Naresh Kumar said. The company sees rising demand for alternative energy products, including ethanol, solar, wind, green hydrogen, Agri-tech, pumped storage systems (PSP), and battery energy storage systems (BESS).

To support this, the company is investing Rs 850 crore in manufacturing plants, R&D labs, and automation lines. This forms part of Schneider Electric’s global Euro two billion capacity expansion from 2024 to 2027. Lauritz Knudsen operates manufacturing plants in Vadodara, Ahmednagar, and Coimbatore, along with an R&D centre in Mhape, Navi Mumbai, employing over 500 people. 

News by Rahul Yelligetti.