UAE state-owned renewables firm Masdar has launched a renewable energy facility that will produce 1 gigawatt of uninterrupted clean power, the company's chairman said on Tuesday.
Speaking at the opening of Abu Dhabi Sustainability Week, Sultan Al Jaber, who also serves as the chief executive of energy giant Abu Dhabi National Oil Co (ADNOC) and is the UAE minister of industry and advanced technology, called the project a significant step in transforming renewable energy into baseload power.
"This will, for the first time ever, transform renewable energy into baseload energy. It is a first step that could become a giant leap," Al Jaber said.
"How can we power a world that never sleeps with energy sources that do? How can we transform renewable resources into reliable power? Today…we have an answer," Al Jaber said before announcing the project.
Al Jaber said that the rapid growth of energy-hungry applications like ChatGPT could lead to a 250% increase in energy demand by 2050, reaching 35,000 GW. This highlights the need for diverse energy sources to meet the unprecedented demand, he added.
Tech entrepreneur Elon Musk's Tesla is selling its Model Y cars in India starting at about $69,770 (AED 256,230), its website showed on Tuesday, as the electric car maker prepared to open its first showroom in the financial capital of Mumbai.
Low-cost carrier Wizz Air said on Monday it would exit its Abu Dhabi operations and suspend all locally based flights from September due to operational challenges and geopolitical developments in the Middle East.
DP World has signed a 30‑year concession agreement worth $800 million with Syria’s General Authority for Land and Sea Ports to redevelop and operate the Port of Tartus.
SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported.
Dubai’s Roads and Transport Authority (RTA) is advising motorists of new traffic diversions in Mirdif as construction begins on the Dubai Metro Blue Line.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held a phone call with his Iranian counterpart Dr. Masoud Pezeshkian to discuss strengthening bilateral ties.