Dubai Electricity and Water Authority has signed a Memorandum of Understanding with Saudi Aramco to foster collaboration on energy and smart grid innovations.
Under the partnership agreement, both organisations will work together on Research and Development (R&D), as well as exchange experiences and best practices, to achieve their strategic objectives.
According to DEWA, the deal supports DEWA’s strategy to explore opportunities and help shape the future of the energy sector in the region.
The MoU was signed by Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Abdulkareem Al Ghamdi, Vice President of Power Systems at Saudi Aramco. The meeting was attended by officials from both organisations.
“This MoU supports the vision of the wise leadership in both the UAE and the Kingdom of Saudi Arabia and contributes to achieving integration across all vital sectors through joint efforts to support national and regional goals and common interests, anticipate the future and adopt innovation to enhance sustainability of development,” said Al Tayer.
According to the MoU, DEWA and Saudi Aramco will cooperate in exploring joint strategic ventures in the energy sector, collaborate on R&D in power generation, innovation and testing centres, water desalination and purification, smart grids and network integration, process automation, robotics, Artificial Intelligence (AI), Blockchain, 3D printing and additive manufacturing, Big Data analysis, digital transformation, and technological development.
They will also cooperate on the Energy Service Company (ESCO) business model to enhance energy efficiency and building retrofits, as well as training and capacity building. DEWA and Aramco will also work together on sustainability, environmental protection, carbon abatement and climate change adaptation management.
“We look forward for our partnership with DEWA as it is an important step to achieve our shared objectives and goals that aim at identifying new opportunities within our business for deployment of new energy, smart grid and digital applications. Through this partnership, we’re pursuing an exchange of experiences and best practices that will help both parties to leverage technology solutions and accelerate business growth and drive innovation in the energy sector.
“This MOU supports our vision to lead the digital transformation in the energy industry by applying effective technologies to enable operational efficiencies. The collaboration with DEWA will compliment our ongoing energy and technology initiatives,” said Abdulkareem.