Dubai, UAE, 30 January 2017: HE Saeed Mohammed Al Tayer, MD & Chief Executive Officer of Dubai Electricity and Water Authority (DEWA), has actually launched the Free Electrons program, a global power accelerators program that offers an integrated structure to promote international collaboration and assistance innovation, to recognize remedies to fulfill future global power demands. The announcement was made at the Armani hotel in Dubai.

Representatives from the program's member organisations were additionally existing. The programme sets the framework for the collaboration between 8 leading global energies and 25 of the biggest clean power accelerators on the planet. This supports DEWA's dedication to transform Dubai right into an international pioneering center for identifying and forming future trends, enhancing the UAE's global payment to innovation in clean energy. The event was participated in by Executive Vice Presidents, Vice Presidents and senior staff from DEWA.

Free Electrons, which has a budget plan of USD 1 million, is considerable as it has a unique framework to support the future generation of energy business owners. The programme gives 12 global startups with the opportunity to discover and develop innovative services in energy through accelerators. The programme likewise links the world's most prominent power start-ups with prominent international energies, in cooperation with three of the largest accelerators from San Francisco, USA. This enables the startups to accept the largest clean energy business accelerators worldwide, benefitting from ideal methods of the UNITED STATE, Europe, Asia, and Australia. The Free Electrons programme was introduced based upon a structure that lays out cooperation among an international union of leading organisations. These include DEWA from the UAE, AusNet from Australia, ESB from Ireland, EDP from Portugal, innogy from the European Union, Origin from Australia, Singapore Power, and TEPCO from Japan.

Free Electrons will certainly be regulated by New Power and Nexus, and moneyed by the California Clean Energy Fund, and Swissnex from San Francisco, together with 3 of one of the most prominent accelerators from San Francisco. These include Power Excelerator, Giant, and Beta-i. The program is set up to run over nine months, and will include 3 extensive workshops in four separate nations, that each run for over a week. Workshops will certainly take place in Silicon Valley in the U.S.A, Europe, Asia, and Australia. The program concentrates on basics such as devices and methods for innovation, financing strategies, business development, leadership, and organisational growth.

" I am pleased to welcome you all to the launch of the Free Electrons programme in the UAE, which sustains the regulations of our smart leadership, who have made it a strategic concern to anticipate the future. The UAE is making progress to end up being a global leader in the advancement of a sustainable future. This is inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, that once observed that, "As a nation, we have always been progressive and planning for the future, which has actually been a key motorist of our success,"" claimed Al Tayer.

" I would love to welcome today all the agents from the global organisations taking part in this encouraging programme. The global energy accelerators programme projects since it attaches the world's most encouraging power start-ups with leading utilities all over the world. It stands for the favorable collaboration in between prominent worldwide organisations in power, in partnership with three leading accelerators from San Francisco, U.S.A. Via this programme, we are also cooperating with some of the largest networks, and several of one of the most vital accelerators in the international clean energy sector, that are interacting to produce a single platform to equip 12 start-ups from around the globe to discover the future of power, based upon innovation and innovation, benefiting from the very best practices and know-how of the U.S.A, Europe, Asia, and Australia. Free Electrons is an opportunity to exchange information and knowledge, and expand into new global markets. The organisations involved have actually integrated complete profits that surpass USD148 billion, and are considered leading organizations that supply solutions to over 73 million customers worldwide," added Al Tayer.

" His Highness Sheikh Mohammed bin Rashid Al Maktoum ratified the Dubai Future Schedule, and launched the Dubai Future Foundation to form the future of strategic markets in the UAE, and Dubai in particular. This will establish an economy that is ready to attain the future. We are establishing the largest government accelerators programme worldwide based on a clear structure based upon innovation, Research and Development (R&D). This is being maded with incubators to identify solutions, and create renewable resource modern technologies. We are constantly working to stay on par with the latest international practices, to place the UAE and Dubai at the forefront, and to make sure a brighter future, for generations to find."

" Releasing the Free Electrons program adds to the UAE's efforts to enhance its position as an effective player in making the future. Its significance lies mostly in being an integrated framework for developing partnerships and introducing effective services with a global influence to combat current obstacles and equal new advancements. This will certainly enable us to forecast new opportunities, promote innovation in eco-friendly and tidy power, and lead the way for further future introducing achievements," added Al Tayer.

" DEWA embraces a clear and integrated technique based upon innovation and forecasting the future. We are devoted to boosting R&D to equal rapid technological improvements through accelerators and incubators that introduce technological versions and remedies, and create renewable resource technologies. We likewise take advantage of international finest practices and experiences in electricity and water r & d. We do this by making use of disruptive innovations to keep pace with the 4th Industrial Change. We are currently functioning to finish the R&D centre at the Mohammed bin Rashid Al Maktoum Solar Park, with a total financial investment of AED 500 million, in between now and 2020. The centre will certainly concentrate its service 4 key operational areas consisting of the production of electricity from solar power, the combination of smart grids, energy effectiveness, and water. Our initiatives in research and development and our adoption of an excellence version, are based on innovative standards, along with a positive approach. This has actually helped us to rate extremely on international competition indices. These appear in our international achievements in the integrity, schedule, and performance of electrical power and water production, transmission and circulation."

" DEWA's results are among the most effective globally for client minutes shed each year. DEWA attained 3.87 minutes compared to 15 mins taped by leading energies in the European Union. DEWA has actually also reduced losses in power transmission and circulation networks to 3.3%, compared with 6-7% in Europe and the USA. Water network losses decreased to 8.2%, as compared to 15% in The United States and Canada."

"I would love to give thanks to all those associated with turning Free Electrons right into fact, as an enthusiastic project that will certainly benefit the international power market. With each other, we'll begin a new stage of innovation and excellence by buying the future of tidy power," included Al Tayer.

During the launch, Peter Terium, Chief Executive Officer of innogy, delivered the keynote speech on the current fads in the energy sector. Danny Kennedy, Managing Director of the California Clean Power Fund, talked about energy developments. Tony Seba, Speaker on Entrepreneurship, Disturbance, and Clean Energy at Stanford University, discussed Tidy Disturbance in Energy and Transport, while Dr Otto Scharmer, Senior Speaker at MIT and the Presencing Institute, regulated a workshop on Transformational Management for Disruptive Times. Dr Jeremy Leggett, founder and chairman of SolarCentury and SolarAid, discussed creating a sustainable and economic power business.