We have launched, thank God, the greatest concentrated solar energy and photovoltaic energy plant in the world in Dubai, according to Sheikh Mohammed bin Rashid, who made this announcement through his official account on the social networking site "X," which was once known as "Twitter." It is the tallest concentrated solar energy tower in the world, standing at a height of 263 meters, and it also features the greatest thermal energy storage capacity in the world. The project encompasses an area that is 44 square kilometers in size and has a cost that is greater than 15 billion dirhams. It will result in a reduction in carbon emissions that is greater than 1.6 million tons per year.
It is His Majesty Another statement made by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates as well as the Ruler of Dubai, was as follows: "Our goal is for one hundred percent of Dubai's energy production capacity to come from clean sources by the year 2050... and our goal is to achieve complete carbon neutrality by the same year... and we reiterate that we are serious." By making investments in clean energy, we are demonstrating that we are serious about addressing the issue of climate change and that we are serious about protecting the environment for the benefit of future generations.
The Emirates Nuclear Energy Corporation, on the other hand, has signed a memorandum of understanding with the American company "TeraPower," which is a leader in the field of innovation in the nuclear energy sector. The purpose of this agreement is to establish a collaborative relationship in the area of developing applications of advanced technologies in this sector.
Christopher Lavesque, the Chief Executive Officer of TerraPower, and Ahmed Al Mazrouei, the Deputy Executive Director of the Research and Development Program at the Emirates Nuclear Energy Corporation, signed the memorandum of understanding during a ceremony that took place on the sidelines of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28).
Mohammed Al Hammadi, the Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation, Bill Gates, the Chairman of the Board of Directors of TerraPower, David Livingston, the Senior Advisor and Managing Director for Energy Affairs at the United States Special Presidential Envoy for Climate, and officials from both the Emirati and American sides were present at the signing ceremony.
Both the United Arab Emirates and the United States of America will work together to develop the natrium technology, which was initially developed by the American corporation. This collaboration will take place in a variety of areas, including technical design and commercial feasibility, in order to develop the technology.