Masdar, Khalifa University of Science and Technology, and Sweden’s Azelio, specialised in a long-duration energy storage company, have launched an innovative Research and Development (R&D) project that will demonstrate 24/7 affordable clean energy utilisation at Masdar City in Abu Dhabi. The project is part of a three-party research and development agreement. The Azelio storage system […]

Volvo Cars and Northvolt have selected Gothenburg, Sweden to establish a new battery manufacturing plant which will commence operations in 2025, create up to 3,000 jobs and complement the planned R&D centre that both companies announced in December as part of an investment of approximately SEK 30 billion. The new plant and close ties with […]

Global electricity demand increased by six per cent in 2021–the largest ever growth recorded in absolute terms and the highest since 2010. According to a report issued by autonomous intergovernmental organization, International Energy Agency, projections for electricity demand have come down to three to four per cent, which is similar to the expected annual growth […]

Dubai Electricity and Water Authority (DEWA) has confirmed that the current production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Independent Power Producer (IPP) model. A further 600 MW will be added in Q4 of 2022 and an additional 600 MW will be added by Q3 of 2023. This will raise capacity […]

Algbra, a leading company in the FinTech industry, has recently announced a milestone partnership with Mastercard, which includes joining the payment network’s Priceless Planet coalition. The announcement was made at Algbra: Decoded, an exclusive event hosted last week where the work of the FinTech over the past year was unveiled and where speakers included Lord […]