Siemens Energy AG will set up its Middle East Innovation Centre in Abu Dhabi in partnership with the Abu Dhabi Investment Office (ADIO) to accelerate the journey to net zero in the UAE and globally.
Siemens Energy will receive support to set up the centre as part of ADIO’s AED 2bn (USD 545M) Innovation Programme that creates growth opportunities for businesses in the emirate. The Innovation Centre to incubate and commercialise CleanTech solutions.
The partnership agreement was signed by Eng Abdulla Abdul Aziz AlShamsi, Acting Director General of ADIO, and Dietmar Siersdorfer, Managing Director of Siemens Energy Middle East.
The ceremony comes on the back of German Federal Chancellor Olaf Scholz’s visit to the UAE on September 25, during which he witnessed the signing of the New Energy Security and Industry Accelerator agreement that will accelerate projects between the UAE and Germany in energy security, decarbonisation, and climate action.
Siemens Energy chose Abu Dhabi for its Middle East Innovation Centre because of the emirate’s efforts to decarbonise the economy, become a global hub for green energy and grow the knowledge ecosystem, said a statement.
The Innovation Centre will contribute to the UAE’s goals of generating 50GW of renewable energy by 2050 and becoming a global energy centre of excellence.
The Innovation Centre in Abu Dhabi is one of only four globally that Siemens Energy has created, with the other locations in Orlando in the US, Shenzhen in China, and Berlin in Germany. It will leverage the company’s expertise in developing sustainable, reliable, and affordable clean energy technologies. It will also act as an incubator for new startups and technologies, bringing together customers, industrial partners, academia, and research centres to accelerate the commercialisation of innovative solutions driving the energy transition.