Name: AI’s Energy Appetite Is Forcing a New Global Race
Uploaded: 2026-01-22T14:07:00Z
Duration: 8 min 5 s
Description: Jean-Pascal Tricoire, chairman of Schneider Electric, speaks with the WSJ Leadership Institute’s Alan Murray in Davos about how the explosion of AI and data centers is colliding with global energy constraints—and why boosting efficiency across buildings, factories, and power systems is now the fastest way to meet surging demand and deliver meaningful results.

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Jean-Pascal Tricoire, chairman of Schneider Electric, speaks with the WSJ Leadership Institute’s Alan Murray in Davos about how the explosion of AI and data centers is colliding with global energy constraints—and why boosting efficiency across buildings, factories, and power systems is now the fastest way to meet surging demand and deliver meaningful results. Photo: Michael Claudio/WSJ

https://m.wsj.net/video/20260122/5480eebb-013c-4a82-b0f6-0bf40962a64e/1/hls/manifest-hd-wifi.m3u8

Jean-Pascal Tricoire, chairman of Schneider Electric, speaks with the WSJ Leadership Institute’s Alan Murray in Davos about how the explosion of AI and data centers is colliding with global energy constraints—and why boosting efficiency across buildings, factories, and power systems is now the fastest way to meet surging demand and deliver meaningful results.

AI’s Energy Appetite Is Forcing a New Global Race

I'm here with Jean-Pascal Tricoire, who is the chairman of Schneider Electric and a Davos veteran. Happy to have you with us, Jean-Pascal.

Happy to be back with you.

Yeah, thanks so much. What's your message in Davos? By the way, I see you have an Oura ring. Are you getting good sleep here in Davos?

Nope.

Is your Oura ring-

bad sleep.

Your Oura ring is mad at you.

Yeah, it's crazy, yeah, yeah.

Yeah, it is. People don't understand, you get no sympathy when you go back home.

Well, I want confirmation about my bad sleep. But you were asking, right?

Yes, I was asking, what's your message in Davos here this year?

I don't have a message, but what I see is that here we're talking a lot about AI, energy, and geopolitics. And we live at the crossroad of this with technology, right? So if you look at AI, it's a big revolution of our time, and we're choosing AI in all of our systems. Systems we provide to our customers. And when you look at AI, basically AI needs a lot of energy and you know it, right?

Alan: Yes.

It's a lot of data centers. Those data centers need a lot of gigawatts. Those gigawatts are produced in different manners wherever you are in the world. In the US, it's gonna be more on fossil fuel. In China, it's gonna be more in nuclear, on renewable. In Europe, probably as Europe doesn't have fossil fuel, it's gonna be also more renewable and nuclear. And we are in the middle of all this, right? Making sure that big electrons feed the small electrons.

Alan: Yes.

But at the same time energy needs AI. The only way to supply enough energy today to data centers, to computing, to training is to find existing electrons from existing places. So it's a lot about energy efficiency. And the only way to get that done fast, it's digitize everything. Smart building, smart manufacturing, smart cities, make them more efficient with AI and extract that wasted energy to supply it to AI.

And how large are the efficiency gains that you can get in a building or in a data center by applying AI to the energy system?

Huge. You are speaking about the baseline of 20, 30%, but in some applications you can go as far as 80%. When you deal with data centers, and we are the biggest supplier of energy systems to data centers, the whole industry is working to make everything more efficient from the chip to the power systems to the power generation.

Yeah.

So we are streamlining all of this to get more efficient.

So, you know, you've been coming to Davos for years. How often have you been to Davos?

14.

14, that's a lot. And for most of those years, a big part of the conversation here was sustainability, the energy transition, peak oil, all of those topics, which have basically been scrubbed from the agenda this year. Is that a problem in your view?

I think we're speaking exactly about the same thing in a different fashion. At Schneider, we never taken sustainability from a theoretical or ideological point of view. It's about efficiency, on making more while using less of resources, making everybody along the chain more efficient, more productive, spending less money on the site, on being more resilient on the topic of energy. So what I see today is that speak about data centers, speak about countries, everybody is looking for technologies to be more reliable, more resilient, and more efficient.

Yeah, and how about, we didn't quite get to the geopolitics piece of this. I mean, what we have seen in Davos this year is a confrontation between President Trump and the Europeans over what the world of the future is gonna look like. What role each part of the world is going to play. How does that affect your business?

It actually creates different frames of operation. When you live in a place which is poor in fossil fuels, like India, Europe, China, while you work on technologies that will substitute fossil fuel and you're gonna move to electricity, right? China is probably leading the way being almost 30% electric, soon to be one-third electric. Then when you have countries rich in fossil fuel, they tend to produce electricity from fossil fuel. But at the end of the day, the future is electric.

Yeah.

Because tech AI is electric, because mobility is going to electric, because all new technologies, semiconductors and everything, are very hungry in electricity. They don't operate on fuels. So at the end of the day, we as Schneider,

You are truly-

On the distribution side. So whatever the electricity is coming from, we're gonna electrify the usages, right?

Yeah.

It's gonna be smart buildings, it's gonna be smart manufacturing, electrical, it's gonna be smart cities, more electrical. Everything will be more electric. Today, a world which is in average 20% electric will be in 20 years time 40% electric, which is probably the biggest-

And that's not slowing .

energy migration.

That's not slowing down at all.

That's accelerating. That's not fixed by what you believe at the level of generation. It's fixed by the fact that when you move to electrification, you're gonna be three times more efficient on average.

Alan: Yeah.

So when you use AI to make things more efficient, you're gonna be four to six times more efficient. When you use EV, it's gonna be more efficient than an AC and so on and so on.

Alan: You were CEO of Schneider Electric for how long?

20 years.

Alan: 20 years.

Yeah.

Alan: Now you're chairman.

Yeah.

Alan: Is it easier being chairman?

It gives you time to go deeper in issues, in possibilities, in opportunities. I enjoy the fact that now I can really work on partnerships, more partnerships in technology with customers and so on. And my biggest pleasure is to see the new team succeeding.

Alan: That does not sound like retirement.

It is... Are you retired?

Alan: No, not at all. I'm wondering about that sometimes here in Davos.

Okay, no, but it's a different role. After 20 years, I really appreciate being in a different role.

Alan: Yeah, well, you've really played an important role in driving this transformation to electric and showing the possibilities of digital technologies and improving the electric-

But just let me, for 20 years, we've transformed Schneider to pioneer and to lead the convergence of digitization on electrification for more efficiency.

Right.

And more resilience. The very exciting thing is that the emergence of AI brings that to a completely-

whole new level.

different level. And I'm so excited to see that the team now is benefiting from that foundation on building on that acceleration to go to a new level.

So a lot of people I've talked to here in Davos think 2026 is gonna be a breakthrough year for AI in the enterprise. How is Schneider Electric gonna be different 12 months from now than it is today because of AI?

Well, it's not a single but it's just an acceleration.

Yeah.

And we see it. Look at the team results, Schneider results on the acceleration. Look at everything we do is getting connected. Everything is generating data. Everything is generating the capability to run AI on it. And everything is repositioned on the digital space with digital twins. And what excites me also is that digitization opens completely new doors to all sorts of partnerships. So we are building multiple partnerships with software companies, integrators and so on so that we can deploy faster all the possibilities of that convergence to all of our customers everywhere in the world.

Jean-Pascal, it's always great to talk to you.

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