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

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.