Arab Today, arab today masdar signs preferred partnership agreement with china’s byd to boost clean energy solutions
Last Updated : GMT 15:49:54
Arab Today, arab today
Arab Today, arab today

Masdar signs Preferred Partnership Agreement with China’s BYD to boost clean energy solutions

Arab Today, arab today

Arab Today, arab today Masdar signs Preferred Partnership Agreement with China’s BYD to boost clean energy solutions

Masdar
Abu Dhabi - WAM

Cityscape Abu Dhabi today saw the announcement of a Preferred Partnership Agreement between Masdar, Abu Dhabi’s renewable energy company, and BYD Company Ltd., a leading Chinese corporation specialising in clean and energy-efficient technologies.

The agreement will initially focus on promoting the commercialisation of clean transport and battery storage systems, potentially expanding to include activities such as solar panel technology for utility scale and rooftop projects, LED lighting, and solar-powered street lighting.

BYD, which stands for ‘Build Your Dreams’, is one of China’s largest companies and the world’s largest maker of rechargeable batteries. In January, the company won the Zayed Future Energy Prize in the Large Corporation category, in recognition of its global expansion and mission to promote safer and more environmentally friendly battery technologies.

The success marked the first occasion on which the prestigious award was presented to a Chinese company.

The Chairman and Founder of BYD, Wang Chuanfu, was also honoured with the Lifetime Achievement Award of the Zayed Future Energy Prize in 2014 for his personal dedication to sustainability and clean technology innovation for more than 20 years.

Mohamed Al Ramahi, Chief Executive Officer of Masdar, said, "Today’s agreement is the basis for a long-term partnership that will add further value to the advanced R&D already taking place at Masdar City in Abu Dhabi, and will strengthen the city’s positioning as an ‘innovation ecosystem’ connecting R&D, education, business and investment.

"We are looking forward to working with BYD on a range of cutting-edge projects, and to integrating their expertise as we pursue the many growth opportunities in the clean energy sector, particularly in the Middle East and North Africa."

Established in 1995, BYD specialises in batteries for mobile devices, grid-tied energy storage and electric vehicles, EVs, and today has a market capitalisation of more than US$19 billion.

As well as being the world’s largest manufacturer of rechargeable batteries, BYD is the world’s largest producer of electric vehicles and is a leader in electrified public transportation.

With a presence in more than 200 cities in 48 countries, the company sold more than 70,000 EVs in 2015 alone.

Through its manufacture of electric cars and buses, and 1GW of photovoltaic (PV) production capacity, BYD has helped secure significant carbon emission reductions. For example, a single BYD electric car operated as a taxi saves more than 14,900 litres of fuel per year compared with a conventional car – with 34 tonnes of CO2 emissions prevented.

The Preferred Partnership Agreement will see Masdar City provide a platform to showcase BYD technology and access to ongoing research at the Masdar Institute of Science and Technology, as well as to the many demonstration projects active across the city, such as the Personal Rapid Transit (PRT) driverless vehicles programme and Electric Energy Storage Solutions Hub.

A.D. Huang, General Manager of the Middle Eastern and African Region for BYD, said, "Our partnership with Masdar is an additional source of inspiration to realise new energy and technology solutions that also protect the environment. The agreement will raise our profile in the UAE and the wider Middle East, and help us to deliver on our ‘Three Green Dreams’ for the region: affordable solar power generation, efficient energy storage and electrified public transportation."

Masdar City’s existing projects and future expansion are on show at a dedicated exhibition stand throughout Cityscape Abu Dhabi, the real estate exhibition and conference running until April 14th.

Source:WAM

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today masdar signs preferred partnership agreement with china’s byd to boost clean energy solutions Arab Today, arab today masdar signs preferred partnership agreement with china’s byd to boost clean energy solutions

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday