Dubai utility launches Silicon Valley investment firm with eye on renewables R&D

Facebook
Twitter
LinkedIn
Reddit
Email
DEWA is researching Unmanned Aerial Vehicles (UAVs), 3D printing, and power electronics and energy efficiency at its Dubai solar park. Credit: DEWA

Dubai Electricity and Water Authority (DEWA) has launched a new investment company based in Silicon Valley, California, which will have R&D and innovation in sustainability and renewable energy among its energy technology focuses.

The entity named Jumeirah Energy International Silicon Valley Company (JEI Silicon Valley), a wholly-owned investment subsidiary of DEWA, seeks to prioritise making the UAE a frontrunner in energy technology and innovation.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, said: “DEWA is the first utility from the Middle East and North Africa to establish an investment, innovation and R&D company in Silicon Valley, where the most technology deals happen in the world.”

He added that JEI Silicon Valley will look for investment opportunities into technology start-ups and will establish relations with venture capitalist firms and investment funds to expand the reach of DEWA’s investment portfolio. The new firm also aims to partner R&D centres in Silicon Valley as well as universities and research bodies to create direct links between California start-ups with their cutting-edge industry and technology information and the rest of the US.

Al Tayer noted: “We are also establishing the largest government accelerator programme in the world, based on a clear framework, innovation, and R&D. This is being done with incubators to identify solutions, and develop renewable energy technologies.”

DEWA is already working on an R&D centre at the giant Mohammed bin Rashid Al Maktoum Solar Park, with a total investment of AED500 million (US$136 million) up to 2020. This will focus on solar, smart grid integration, energy efficiency, and water. Furthermore, the centre and its external laboratories will research Unmanned Aerial Vehicles (UAVs), 3D printing, and power electronics and energy efficiency. Pilot tests will also be carried out on methods of removing dust from solar panels, a particular concern for PV in the Middle East regions, which face water scarcity issues in highly dusty and sandy environments.

DEWA recently opted for solar carports at its own offices and a ministry building.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

May 28, 2024
US solar project company Pine Gate Renewables has signed an environmental asset purchase agreement (EAPA) with the social media giant Meta for a 204MW solar PV project in Temple, Texas.
May 24, 2024
Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.
May 24, 2024
US power distribution company Entergy Louisiana has received approval from the Louisiana Public Service Commission (LPSC) to add up to 3GW of solar PV.
May 24, 2024
US independent power producer Pivot Energy and electric vehicle (EV) manufacturer Rivian have partnered to build 60MW of community solar in Illinois, US.
May 23, 2024
Spanish firm Acciona Energía has commissioned its 458WM Red-Tailed Hawk PV project in the US state of Texas.
May 23, 2024
The flurry of recent tariff changes for solar imports to the US is likely to make products from Southeast Asia less attractive to buyers, according to renewables analysis firm Clean Energy Associates (CEA).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece