Masdar has announced that GE will be an anchor partner in Masdar City, Abu Dhabi. The two companies have outlined plans to house a new Ecomagination Centre, focused on sustainable business solutions and to form a broader R&D relationship that will support the development and deployment of new and innovative technologies. The centre is part of a multi-faceted strategic partnership signed by Mubadala and GE in July 2008.
Ecomagination is GE’s commitment 'to conceive and construct pioneering technologies that help customers address their environmental and financial needs.' The Ecomagination centre at Masdar City will support the development of energy efficient products in the region and will aim at raising awareness of energy conservation among the Masdar City community. The centre will also showcase GE technologies, including wind, solar and other renewable energy products that will power the next generation “smart” electrical grid, water purification technology, and energy-efficient appliances for the home.
Masdar City, currently under construction, will be the world’s first carbon-neutral, zero-waste city completely powered by renewable energy. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), a wholly owned company of Mubadala Development Company. The City is a reflection of the long term strategic commitment by the government of Abu Dhabi to accelerate the development and deployment of future energy solutions.
“This is truly a landmark partnership in the development of Masdar City because it will allow us to jointly develop, deploy, scale and market innovative solutions in renewable energy and sustainability.” Masdar CEO Dr Sultan Al Jaber said. “We are excited that GE will be an anchor tenant at Masdar City, as we aim to build the world’s Silicon Valley for clean technology”.
The multi-faceted agreement also provides a framework for Masdar and GE to explore areas of R&D collaboration in the development of 'Clean Tech' products.
The Ecomagination Centre is expected to be up to 4000 square metres in size and will be located near the Masdar Institute, Masdar’s graduate-level institution dedicated to academic research and study in the development and deployment of the future of energy.
The Ecomagination Centre is a product of the GE and Mubadala framework agreement, signed in July 2008, on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning..
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