Hub71, Siemens Energy to Advance CleanTech and ClimateTech in UAE
Hub71, Abu Dhabi’s global tech ecosystem, and Siemens Energy, one of the world’s leading energy technology companies will support tech startups in developing innovative technologies that directly address global climate change.
The agreement is in line with UAE commitment towards achieving net-zero by 2050. The partnership will support the nation’s ability to drive investments in green infrastructure and clean energy projects both locally and globally.
Hub71 and Siemens Energy will identify prominent CleanTech and ClimateTech startups to explore investment opportunities that have the potential to accelerate the clean energy transition.
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Siemens Energy will also provide select startups with strategic mentorship by participating in knowledge sharing platforms, building from its expertise in developing sustainable and clean energy technologies.
Additionally, Siemens Energy will explore participating in Hub71’s The Outliers programme designed for tech startups worldwide to solve real industry challenges of corporate and government bodies.
Badr Al-Olama, Acting Chief Executive Officer of Hub71, said: "Our partnership with Siemens Energy reinforces the importance of energy transition as the world pivots towards more sustainable and renewable energy sources."
While Kendra Rauschenberger, General Partner Siemens Energy Ventures, said: "Accelerating the energy transition requires investment, innovation, and partnership. It is through collaboration with sustainability-focused and forward-looking organizations like Hub71 that we will transition faster."
Read More: UAE New Climate Change Target: Cutting Emissions by 31%