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

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...