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Abu Dhabi / WAM
Hub71, Abu Dhabi’s global tech ecosystem, has signed a partnership with Siemens Energy AG, one of the world’s leading energy technology companies, to advance CleanTech and ClimateTech in Abu Dhabi.
Working together in collaboration, Hub71 and Siemens Energy will support tech startups in developing innovative technologies that directly address global climate change.
The agreement comes at a time when the UAE is set to host COP28 in 2023 and is reinforcing its commitment towards achieving net-zero by 2050. The partnership will support the nation’s ability to drive investments in green infrastructure and clean energy projects both locally and globally.
As part of the agreement, Hub71 and Siemens Energy aim to identify prominent CleanTech and ClimateTech startups to explore investment opportunities that have the potential to accelerate the clean energy transition. Siemens Energy will also provide select startups with strategic mentorship by participating in knowledge sharing platforms, building from its expertise in developing sustainable, reliable, and affordable clean energy technologies.