Efficiency innovations enable UAE’s $72 billion energy investments

DUBAI / Emirates Business

Schneider Electric, the leader in digital transformation of energy management and automation, announced that energy efficiency innovations are enabling the UAE’s $72 billion worth of energy investments during the recent Innovation Day Dubai.
Boosted by the UAE Energy Strategy, which aims to generate 50 percent of its energy from clean energy, and the Dubai Clean Energy Strategy, which aims to generate 75 percent of energy requirements from clean sources by 2050, the UAE hosts $72 billion worth of energy investment to 2022, according to a recent report by the Arab Petroleum Investments Corporation (APICORP).
Energy efficiency is a major investment point for every step in the energy process — from energy generation in power plants, to Smart Cities with connected grids for energy transmission, down to monitoring and repairing electrical infrastructure in individual buildings, argues Schneider Electric.
“The UAE’s massive investment in energy efficiency shows that in the Digital Economy, the foundation is energy and electricity,” said Hanan Darwish, Cluster President – Gulf and Pakistan, Schneider Electric, who launched the Innovation Day Dubai and presented the keynote “Powering the Gulf’s Digital Economy.” “As the UAE and the Arabian Gulf become more urbanized, digitized, and industrialized, energy efficiency can ensure safe, reliable, and connected energy to organisations and people.”
One of UAE’s largest enginee-ring, procurement, and constru-ction companies, Abu Dhabi-ba- sed NPCC, digitally transformed its facilities with the EcoStruxure Power architecture, and
the Power Monitoring Expert system, and smart meters.