Schneider Electric to move into Masdar City
Lease agreement signed at WFES 2014 in Abu Dhabi
Schneider Electric, the manufacturer of energy and building management systems, signed a lease agreement on Monday for new offices at Masdar City, Abu Dhabi’s low-carbon, sustainable city.
Besides the lease agreement, the two companies also signed a memorandum of understanding (MoU) to explore areas of collaboration, including the deployment of Schneider’s energy management, performance and efficiency products in the phase 1a buildings of the Masdar Institute of Science and Technology.
The lease agreement and MoU were signed during the World Future Energy Summit, as part of Abu Dhabi Sustainability Week 2014, the Middle East's largest gathering focused on sustainability attracting more than 30,000 people.
The signing ceremony was attended by Mohammed Al Ramahi, chief operating officer of Masdar, and Michel Crochon, executive vice-president strategy & technology for Schneider Electric.
Commenting on the agreement, Crochon said, “Moving into Masdar City further strengthens the working relationship between the two companies.”
"Schneider Electric is in the business of energy management and innovating smart solutions that enable societies and cities to consume less energy,” Crochon added. “By moving into Masdar City, we are able to integrate our expertise and solutions into one of the most technologically advanced cities, opening the door for future possibilities.”
"The recent growth of Masdar City has been tremendous,” Al Ramahi said. “With the addition of Schneider Electric, we continue to build momentum into the coming year.”
“This announcement brings one of the world's leading energy management companies to a sustainable city that is pushing the boundaries of smart design and technology,” Al Ramahi continued.
“Having Schneider Electric at Masdar City is another step in building a technology cluster where economic opportunities are discovered and clean technologies are accelerated."
Masdar City, one of the world's most sustainable urban developments, is on a mission to discover a 'greenprint' for how cities can accommodate denser populations while reducing energy, water and waste.
Schneider Electric will work closely with Masdar and explore ways to upgrade its technology into Masdar City's existing infrastructure. Specifically, Schneider Electric's centralized Energy Management Information Solutions (EMIS) may be deployed into buildings of the Masdar Institute campus.