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Masdar, GE announce world’s first Ecomagination Center at Masdar City

02/08/2009

Masdar announced that GE will be an anchor partner in Masdar City.

In a joint Masdar-GE agreement, the two companies outlined plans to house a new Ecomagination Center, focused on sustainable business solutions and to form a broader R&D relationship that will support the development and deployment of new and innovative technologies. This center is part of a multi-faceted strategic partnership signed by Mubadala and GE in July 2008.

Masdar City, currently under construction, will be the world’s first carbon-neutral, zero-waste city completely powered by renewable energy. Masdar is driven by the Abu Dhabi Future Energy Co. (ADFEC), a wholly owned company of Mubadala Development Co. The city is a reflection of the long-term strategic commitment by the government of Abu Dhabi to accelerate the development and deployment of future energy solutions.

Ecomagination is GE’s commitment to conceive and construct pioneering technologies that help customers address their environmental and financial needs. The Ecomagination Center at Masdar City will support the development of energy efficient products in the region and will raise awareness of energy conservation among the Masdar City community. It will also showcase GE technologies, including wind, solar and other renewable energy products that will power the next generation “smart” electrical grid, water purification technology, and energy-efficient appliances for the home.

The Ecomagination Center is expected to be up to 4,000 square meters in size and will be located near the Masdar Institute, Masdar’s graduate-level institution dedicated to academic research and study in the development and deployment of the future of energy.

The Ecomagination Center is a product of the GE and Mubadala framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning.