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Energy management firm Schneider Electric has signed a lease agreement and a Memorandum of Understanding (MoU) to promote energy management at Masdar City in the UAE
The deal is aimed at exploring areas of collaboration, including the deployment of Schneider's energy management, performance and efficiency solutions in Abu Dhabi's Masdar Institute of Science and Technology's Phase 1a buildings.
The lease agreement and MoU were signed during the World Future Energy Summit, as part of Abu Dhabi Sustainability Week 2014.
Michel Crochon, executive vice-president strategy and technology for Schneider Electric, said, “Moving into Masdar City strengthens the working relationship between the two companies. Schneider Electric deals with energy management and innovating smart solutions that enable societies and cities to consume less energy.”
Masdar City is reportedly one of the world’s most sustainable urban developments, and on a mission to discover a ‘greenprint’ on how cities can accommodate denser populations while reducing energy, water and waste.
Mohammed Al Ramahi, CEO of Masdar added, “Having Schneider Electric at Masdar City is another step in building a technology cluster where economic opportunities are discovered and clean technologies are accelerated.”