Schneider Electric is implementing solutions tailored to local needs to enhance energy efficiency and management in projects across the country. These solutions include the integration of advanced technologies that allow for more precise and efficient management of energy resources, thus optimizing performance and reducing environmental impact. Key to this transformation are software for Distributed Energy Resource Management, the development of Digital Electrical Twins, and Integrated Operations Management. A crucial approach has been adapting their global technologies to the specifics of the local market, which allows for greater efficiency and customization in their projects.
Schneider Electric's growth strategy in Argentina and the Southern Cone is based on our deep understanding of the local market and the ability to adapt to the region's specific needs. This strategy includes partnerships with local players and continuous investment in technological innovation. In Argentina, we recently inaugurated our new plant in Pacheco, where we develop new technologies in fully digitalized Medium Voltage Systems and high-value sustainability solutions such as our new SM AirSet. Additionally, we are strengthening our presence in key energy sectors, consolidating ourselves as a trusted partner in the region.
Digitalization has been implemented at multiple levels, from real-time monitoring to the use of artificial intelligence for the prediction and optimization of energy consumption. This also includes managing available energy resources, both renewable and non-renewable, and asset management to improve energy availability and optimize operational costs. These technologies not only help companies achieve their sustainability goals but also improve operational efficiency and cost reduction.
Our commitment to sustainability and efficiency is reflected in personalized solutions. To address the complex energy challenges of Argentina and Latin America, the company offers customized services and Digital Services tailored to the specific needs of each client, ensuring that the solutions are effective and aligned with each client's sustainability goals. This customer-centric approach has allowed Schneider Electric to maintain high levels of satisfaction and loyalty.
In energy risk management, we have introduced significant innovations that make a difference in challenging sectors. One of the recent innovations is the development of a cloud-based energy management platform, which allows for greater flexibility and control in managing energy resources. This platform has proven crucial in sectors with high variability in energy consumption, providing advanced tools for risk prediction and mitigation.
Looking to the future, Schneider Electric has ambitious goals to expand its influence in the Latin American energy market. These objectives include increasing the adoption of sustainable technologies, innovating in the electrification of industrial processes, digitizing electrical and energy systems based on digital twins, strengthening its network of strategic partners, and continuous investment in technological innovation. We aim not only to lead in terms of technology and solutions but also to promote sustainable and responsible practices throughout the region.
As a sponsor of the Argentina Energy Week 2024, we aim to strengthen our relationships within the energy sector. The event represents a key platform to showcase our innovations and share our vision for the future of sustainable energy. We want to take advantage of this opportunity to establish new collaborations and promote the exchange of knowledge and best practices in the market.