Since its founding in 2006, Masdar, Abu Dhabi Future Energy Company has rapidly become a leader in renewable energy and sustainable urban development. The company’s mission is to create a sustainable future for the people of Abu Dhabi and beyond through innovation, technology, and collaboration. Masdar’s vision is to be the world’s first zero-carbon city powered by renewable energy.
Over the last 17 years, the company has invested heavily in research and development projects to develop innovative renewable energy technologies, including solar photovoltaic (PV) power plants, wind farms, and other clean energy sources.
In addition to its research and development endeavours, Masdar has established itself as a leading business model in the clean energy sector. The company employs an integrated approach to sustainability that focuses on creating economic value while minimizing environmental impacts. This includes investing in cutting-edge technologies such as electric vehicles (EVs), carbon capture and storage (CCS), and smart grid systems that help reduce emissions while creating economic opportunities for local communities.
The company also works with partners worldwide to develop renewable energy projects that bring innovative solutions to market at scale. This includes projects such as the UAE’s first utility-scale solar PV power plant located in Sweihan, Abu Dhabi, and an advanced battery storage system project developed.
Masdar has also pioneered several sustainability initiatives, such as its “Building Better Cities” program, which seeks to promote smart cities worldwide through strategic partnerships with governments and private stakeholders. This initiative aims to create urban environments that are efficient, connected, livable, healthy, resilient, mobile-friendly, climate-friendly and sustainable.
By leveraging its integrated business model and a solid commitment to sustainability, Masdar has become one of the leading companies driving innovation in the renewable energy industry today. With continued investments in research and development initiatives and successful collaborations with partners around the globe, Masdar is poised to continue growing into a significant player in the global push towards a more sustainable future.
