The Finance World Magazine| Edition: September 2023

Abu Dhabi’s New Net-Zero Buildings to Propel UAE’s Decarbonization Drive
Three innovative net-zero energy
buildings in Abu Dhabi, part
of Masdar City’s sustainable
real estate project, signify
a significant step toward the UAE’s
energy reduction and emissions goals.
These high-tech structures employ airtight
envelopes to minimize air leaks,
window design to reduce direct sun
exposure and cooling requirements
and operate entirely on solar power.
Net-zero buildings consume only the
energy they generate on-site, reducing
reliance on the national grid. These
projects align with the UAE’s Net Zero
2050 Strategic Initiative, making a
substantial contribution to decarbonization
efforts. More net-zero energy
projects are planned, further promoting
sustainability in the region.
Dubai Achieves 100% Energy Transmission Reliability
with DEWA’s Smart Technology
Dubai Electricity and Water
Authority (DEWA) has embarked
on power transmission
projects worth over AED
4.2 billion ($1.14 billion), enhancing the
reliability of its energy transmission
systems. In the first half of 2023, DEWA
successfully commissioned seven 132
kV substations as part of this initiative.
By adopting Fourth Industrial Revolution
technologies, smart solutions,
and innovation across its operations,
DEWA has achieved a remarkable
100% reliability and availability rate for
Dubai’s energy transmission network,
marking a significant milestone in
ensuring uninterrupted power supply
in the emirate.
Dubai Utility Company Seeks Patent for Chemical
Liquid to Boost Energy Storage
UAE’s Green Ambitions
Provide Energy Businesses
the Opportunity
to Transition to Clean
Energy
The UAE is making significant
strides towards a greener future,
ranking second in the
Energy Transition category
of this year’s Green Future Index. The
country’s Hydrogen Strategy and updated
UAE Energy Strategy 2050 signal its
commitment to sustainability. The UAE
is rapidly becoming both a producer
and supplier of low-carbon hydrogen,
aiming to generate 1.4 million tons
annually by 2031, with the potential
to reach 15 million tons by 2050. This
aligns with growing global demand,
including the EU’s plan to import 10
million tons of renewable hydrogen
within seven years, particularly driven
by geopolitical concerns like the
Russia-Ukraine conflict.
The Dubai Electricity and Water
Authority’s Research and Development
Center has applied
for a patent for a chemical
liquid with exceptional thermal and
electrochemical stability, aimed at
enhancing energy storage systems.
This development aligns with the UAE’s
commitment to sustainability and its
transition towards renewable energy
sources and electric vehicle adoption.
The chemical liquid is anticipated to
significantly improve the efficiency
of energy storage, especially in lithium-ion
batteries commonly used in
electric vehicles. DEWA’s CEO, Saeed
Mohammed Al-Tayer, emphasized the
importance of such innovations in
advancing energy security and sustainability,
reinforcing Dubai’s position
as a global hub for clean energy and a
sustainable economy.
September 2023 www.thefinanceworld.com 41