Masdar, Abu Dhabi’s leading clean energy company, has signed a memorandum of understanding with Presight, a prominent big data analytics firm powered by generative artificial intelligence, to collaborate on the development of an advanced AI asset management tool for its renewable energy projects worldwide.
The new AI tool is designed to harness and analyse the billions of data points generated daily by Masdar’s global renewable energy assets, including solar panels, inverters, and wind turbines. By applying AI technology, Masdar aims to transition from a reactive operational model to a predictive one, enabling it to anticipate potential issues, enhance overall efficiency, minimise downtime, and increase energy production.
This strategic move aligns with Masdar’s longstanding commitment to innovation in the renewable energy sector. The collaboration with Presight will facilitate the digitisation of Masdar’s operations and reinforce its role as a leader in applying cutting-edge technology to optimise energy systems. The integration of AI into energy management promises to support data-driven decision-making, optimising energy grids and ensuring greater resilience.
Masdar CEO Mohamed Jameel Al Ramahi highlighted the importance of this development, stating: “With our history of developing projects using cutting-edge clean energy technologies, it was a natural progression for Masdar to explore the potential for deploying AI across energy systems to enhance efficiency and deliver data-driven decision-making. The integration between AI and energy is a game-changing economic opportunity that will enable us to build a bridge to a low-carbon, high-growth future. We are pleased to announce this agreement between two UAE-based pioneers that will help to achieve this goal.”
Presight’s CEO, Thomas Pramotedham, emphasised the unique nature of this collaboration: “Clean energy has a number of specific operational needs, from managing shifting supply throughout the day to efficiently merging with other forms of energy in the grid. As a global clean energy leader, Masdar generates billions of data points across its extensive portfolio. This partnership therefore represents a unique opportunity to develop a bespoke tool that consolidates all that information, uncovers hidden insights and takes action to improve efficiency, predict maintenance needs, and ultimately increase the supply of renewable energy. This will be transformational for the sector, and so I’m looking forward to seeing this collaboration progress.”
The integration of AI into the energy sector is set to have transformative effects, boosting efficiency and supporting the seamless incorporation of renewable sources into the energy mix. It is anticipated that AI could contribute an additional USD 7 trillion to the global GDP over the next decade, revolutionising the pace of energy transition and reducing emissions at scale.
A Change Makers Majlis, organised by HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, chairman of Masdar, and president of COP28, will be hosted in Abu Dhabi in November. This event aims to bring together leaders from the energy and technology sectors, policymakers, investors, and civil society to explore the relationship between energy, AI, and sustainable economic growth.
Since its founding in 2006, Masdar has been a pillar in advancing the UAE’s sustainability goals, playing a significant role in the nation’s climate action agenda. With operations in over 40 countries, Masdar aims to expand its renewable energy portfolio to a capacity of 100GW by 2030 and become a major producer of green hydrogen within the same timeframe.
For more information visit www.masdar.ae
