GE To Become First Masdar City Tenant

Jan 27 2009 | 12:00am ET

GE will become the first tenant in Masdar City, Abu Dhabi's $22 billion carbon-neutral, zero-waste project.

GE and Masdar plan an Ecomagination Center that will focus on sustainable business solutions. The two also intend to expand their R&D relationship to support the development and deployment of new and innovative technologies.

In addition, the Ecomagination Center will showcase GE's latest technologies including wind, solar and other renewable energy products that will power the next-generation “smart” electrical grid, water purification technology and energy-efficient home appliances.

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.

The Ecomagination Center is part of a strategic partnership agreement signed by GE and Mubadala in July, with the aim of collaborating in the development of clean technology.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...