Schneider Electric, a global leader in energy management and automation, has teamed up with UAE-based Positive Zero to accelerate the transition to sustainable energy solutions in the region. This collaboration aims to leverage clean energy technologies to move towards a net-zero future.
The partnership will focus on various initiatives to advance decarbonisation-as-service programs across the UAE and Oman. This includes exploring opportunities in distributed microgrid projects, clean mobility solutions, energy efficiency enhancements, and sustainability initiatives.
David Auriau, CEO and Co-founder of Positive Zero, emphasized the strategic alignment of their shared vision for decarbonization and sustainability. Positive Zero, known for its role in enabling energy savings of up to 50% for businesses, received a $400 million investment commitment from BlackRock last December.
Amel Chadli, President of Gulf Countries at Schneider Electric, underscored the significance of the collaboration in accelerating the energy transition in the region. This collaboration marks another step towards empowering organizations and communities to embrace sustainable energy solutions.
The potential for advancing comprehensive corporate sustainability programs in the MENA region is significant. According to the World Economic Forum, only a small fraction of businesses in MENA have committed to net-zero targets and published clear roadmaps to achieve them. However, the GCC countries have the advantage of abundant resources and lower costs, making them well-positioned to reduce carbon emissions through energy efficiency and solar power solutions.
A recent report by SkyQuest Technology forecasts substantial growth in the global Energy-as-a-Service market, driven by the adoption of distributed energy resources, advancements in microgrid technologies, and the integration of AI and ML for predictive energy analytics.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
25th March, 2024
