Abu Dhabi’s Masdar, also called the Abu Dhabi Future Energy Company, is joining forces with Presight to develop a smart tool for managing its renewable energy projects worldwide.
The goal is to use AI to make Masdar’s operations more efficient. This new tool will help predict problems before they happen, reduce downtime, and boost energy production by analyzing data from devices like solar panels and wind turbines. Instead of just reacting to issues, Masdar aims to predict and fix them early.
Masdar’s renewable energy projects collect a lot of data every day. By analyzing this information, the company can make better decisions and improve how its projects run.
According to Masdar’s CEO, Mohamed Jameel Al Ramahi, using AI to improve energy systems is the next big step for the company. He believes combining AI with energy is a great opportunity to support a low-carbon, high-growth future.
AI is expected to change the energy industry by improving efficiency, making operations smoother, and using data to predict issues. It can also help integrate different types of energy sources, making the energy transition faster and more efficient. This technology could add around $7 trillion to the global economy in the next 10 years by optimizing energy use and lowering emissions.
Masdar, which is backed by TAQA, ADNOC, and the Mubadala wealth fund, has invested in many renewable energy projects across the world, with a total capacity of about 20 GW worth over $30 billion. The company aims to reach 100 GW capacity by 2030, with Europe playing a key role in reaching this goal.
Recently, Masdar agreed to buy Saeta Yield, a green energy company, from Canada’s Brookfield for $1.4 billion, marking its second big renewable energy deal in Spain. Earlier this year, it also acquired a 49% stake in the Dogger Bank South offshore wind farm in the UK, one of the largest wind farms in the world.
Source: gulfbusiness
