Aiming to promote investments and sustainable development - Abu Dhabi Department of Energy signs MoU with Marubeni Corporation to Explore Energy Efficiency and Hydrogen Opportunities
Based on its strategy of cooperating with local and global entities working in the capitals energy sector, the Abu Dhabi Department of Energy (DoE) has mounted a partnership with Marubeni Corporation (Marubeni), a Japanese trading and investment company that is one of the biggest traders in Abu Dhabis energy sector.
A Memorandum of Understanding (MoU) was struck between DoE and Marubeni on January 15, 2020 during Abu Dhabi Sustainability Week 2020, which is underway from January 11-18 in the UAE capital. The settlement was signed by H.E Eng. Mohammed Bin Jarsh Al Falasi, Undersecretary, Abu Dhabi Department of Energy, and Ichiro Takahara , Chief Executive Officer, Power Business, Energy & Metals Group of Marubeni.
Our partnership with Marubeni, one of the biggest traders and developers in the power sector of Abu Dhabi, is strategic at all levels. This MoU represents a continuation of our existing relationship with Marubeni, a partner on Noor Abu Dhabi project the biggest solar power plant in the country. This new agreement allows us to attain larger cooperation and to discover together the key targets of DoE, particularly the efficient use of water and electricity, and to additionally discover the hydrogen opportunities, with the ultimate purpose of turning into a world leader in efficient energy usage inclusive of hydrogen. stated H.E Eng. Mohammed Bin Jarsh Al Falasi.
Marubeni has distinguished competencies in offering power supply via multiple sources. We will work during the subsequent period with our mutual visions aligned to enrich the work environment, gain our mutual goals, serve Abu Dhabis interests with regards to energy and gain sustainable improvement in all sectors, H.E added.
Ichiro Takahara commented: We are delighted with this MoU signed with the Abu Dhabi Department of Energy, as it represents a huge chance to further cooperation between our company and DoE. We will harness our potentials and knowledge in promoting investments in Abu Dhabis energy sector, as the emirate can pay magnificent attention to the sector, and to discovering innovative solutions to attain sustainable improvement based on clean and renewable energy. We are dedicated to offering all efforts wished to make this agreement a success.
The 3-year agreement enables cooperation between the two parties in the spheres of enhancing the water and electricity usage, and exploring the business viability of producing and the use of hydrogen in Abu Dhabi. It additionally gives an opporuniy for Marubeni to introduce its world-class knowledge and expertise in the fields of cooperation to the Abu Dhabi Department. of Energy
As per the agreement, the two parties will work to discover and explore areas of cooperation and to discover methods of effectivity in water and electricity use, researching the technical and industrial feasibility of producing hydrogen from clean energy sources in Abu Dhabi, and the possibilities for its last use and export.
