GE To Become First Masdar City Tenant

Jan 27 2009 | 1:00am 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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...