Impact-Company-Logo-English Black-01-177x54

Schneider Electric Gulf Countries and Pakistan Website

Welcome to our website.
Impact-Company-Logo-English Black-01-177x54

Choose another country or region

Welcome the the Schneider Electric French website. It looks like you are located in the United States, would you like to change your location?

Traduisez en francais

Mubadala and Schneider Electric to explore collaborative opportunities in the areas of clean, sustainable and innovative energy solutions

Abu Dhabi - United Arab Emirates

20/01/2021

Download PDF

The memorandum of understanding, signed during Abu Dhabi Sustainability Week, will pave the way for the two companies to work together on commercial, educational and research initiatives that will contribute to energy optimization and carbon reduction

Mubadala Investment Company, the Abu Dhabi-based global investor, and Schneider Electric, the global leader in the digital transformation of energy management and automation, have agreed to collaborate in a number of sustainability-related areas, both in the United Arab Emirates and globally.

The agreement provides for the exploration of a multi-faceted collaboration across a number of business opportunities, including Energy as a Service solutions in Europe, the Middle East, Africa, and elsewhere globally, as well as manufacturing opportunities in the UAE. More broadly, the companies will pursue the development of education and research initiatives with leading academic institutions in Abu Dhabi, and explore additional areas for collaboration in the areas of clean energy and sustainability.

The memorandum of understanding was signed by Musabbeh Al Kaabi, Chief Executive Officer of UAE Investments at Mubadala Investment Company, and Caspar Herzberg, Middle East and Africa President at Schneider Electric, on the sidelines of the Abu Dhabi Sustainability Week.

Musabbeh Al Kaabi said, “This agreement is an important development in Mubadala’s strategy of advancing the development, commercialization and deployment of clean energy solutions and innovative technologies globally as well as adding to Abu Dhabi’s position as a global center of excellence in the sector.”

“Through Masdar and other energy and technology-focused companies in our portfolio, in addition to our partnerships with world-class companies, like Schneider Electric, we are building on the UAE’s strong energy heritage and playing a significant role in advancing the transition to lower carbon-intensive solutions required to meet the world’s growing energy needs,” added Al Kaabi.

As part of Schneider Electric’s promise to reduce CO2 emissions and help organizations around the world shift to become carbon positive, the company proactively works with partners to create new business models that will promote a more resilient and sustainable future.

“Partnerships are fundamental to the goal of achieving a greener, more sustainable world, and Mubadala and subsidiaries such as Masdar have pioneered new approaches to sustainable business,” said Caspar Herzberg. “We believe that, by combining our areas of expertise, we will be able to make significant progress in the space of clean energy and energy efficiency and scale up these ideas to benefit organizations and societies globally.”

  • Energy as a Service (EaaS) is a business model which optimizes commercial and industrial customer’s future energy costs through offering long-term, fixed-priced subscription-based electricity services that can include energy management services. EaaS is a technology-based concept that benefits both the customer and the service provider. EaaS helps customers to update their infrastructure without capital outlay and benefit from technologies and processes that promote operational efficiency and reduce carbon emissions; customers will also be able to understand their electricity budget for years to come. EaaS also incentivizes energy service providers to find energy efficiencies which will improve upon other solutions.

    The EaaS model is fast becoming popular globally, with the market expected to be worth US$41.85 billion by 2027, according to Fortune Business Insights.

  • Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.

    Mubadala’s $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.

    For more information about Mubadala Investment Company, please visit: www.mubadala.com

Gulf countries

Adoption of Wiztopic's Blockchain Certification Platform

From 2nd October 2019, in order to secure its communication, Schneider Electric has been certifying its content on Wiztrust. You can check the authenticity on the website Wiztrust.com for corporate communications.

Your browser is out of date and has known security issues. It also may not display all features of this website or other websites. Please upgrade your browser to access all of the features of this website. Latest version for Google Chrome, Mozilla Firefox or Microsoft Edge is recommended for optimal functionality.

Chat

Do you have questions or need assistance? We’re here to help!