“The time is now. It is our responsibility and duty to shape our energy future and the future of our energy lies in the combined efforts of governments, academia, and the private sector,” Dr Sultan Al Jaber told delegates in his welcome keynote address to the Third World Future Energy Summit held in January in Abu Dhabi.

“There has to be greater collaboration between the public and private sectors and the private sector must drive the transfer of technology and be prepared to assume financial risks.”

The Third WFES attracted over 20,000 delegates and exhibit space grew by 51% to over 600 exhibitors. More than 100 government delegations participated. One hundred and thirty four speakers presented papers during the four day annual event held on January 18-21, 2010 at the Abu Dhabi National Exhibition Centre.

Dr. Al Jaber is managing director and Chief Executive Officer of Masdar, a multifaceted renewable energy company established in 2006. Its mission is to develop and deploy sustainable energy solutions in three business units and in one investment arm.

Dr. Al Jaber
Dr. Sultan Al Jaber is the Managing
Director and Chief Executive Officer,
Masdar, Abu Dhabi

World-Gen visited the six square kilometers Masdar City construction site being built in six phases at a cost of $22 billion. Masdar City will house 1,500 cleantech companies, 40,000 residents and 50,000 commuters. Anchor tenants include GE, IRENA, Schneider Electric, BASF and the Masdar Institute of Science and Technology, among others. Tenants will receive free trade zone status. It will be the world’s first carbon neutral city when completed in 2013. Phase One broke ground in 2008 for the Masdar Institute of Science and Technology (MIST), a private, non-profit graduate institution affiliated with the Massachusetts Institute of Technology. MIST faculty will work with MIT’S faculty on joint research projects and prepare a syllabus over a 12 month period at MIT. Partnerships also currently exist with Imperial College, Tokyo Technology Institute and the University of Waterloo through fellowship programs. Designed by the UK’s Foster and Partners, the institute’s campus will cover 54,000 sq.m. The buildings are being constructed on concrete pedestals in close proximity to take advantage of natural shading and air circulation to reduce cooling by 75 percent.

MIST received over 1,200 applications from 82 countries to enroll 88 students for its first class in 2009. Twelve percent are from the UAE. Another 140 will be enrolled in the new Masdar City facility opening in September, 2010. Over the next five years, the student body is expected to grow to between 600-800 students pursuing the 2 year MS degree. Over 30 research projects are underway to develop, test-bed, and benchmark commercially viable energy solutions.
Three patent applications have been filed. Boeing, Etihad Airways, the national airline of the UAE, and Honeywell have established a five year project at MIST to study evolutionary saltwater farming to harvest salicornia seeds for aviation biofuels. In an Integrated Seawater Agriculture System (ISAS) operation, water is pumped from the sea via canals, flowing through an aquaculture system in which fish and shellfish are produced using monitored procedures. The seawater effluent from this operation is high in nutrients and is used to irrigate and fertilize mangrove forests and meadows of salicornia, which is harvested, and its seeds pressed for their oil. The oil can then be processed into liquid fuels, while the seed meal becomes feed for the aquaculture crops and animal feed. Sustainable biofuel development is a key element of aviation’s carbon emissions reduction strategy. The closed loop system does not distort the global food-chain, or compete with fresh water or lead to unintended land use change.

Masdar Power builds and invests in utility renewable energy power projects. Two desalination technology tests are underway for Masdar City. Concentrated solar power generation is being sited to evaluate solar beam-down technology. A joint venture between Dong Energy, E.ON and Masdar invested in London Array, the 1,000 mw offshore wind farm in the UK. It is also investing in wind projects in the Seychelles and Sir Bani Yas, the UAE’s largest natural island and a premiere tourist destination. Masdar Power invested ∉120 million in WinWinD oy, a Finnish wind turbine manufacturer. Masdar will hold three seats on the board. WinWinD manufactures 1 to 3 megawatt, low speed wind turbines, and is a division of Sterling Infotech Group of Chennai, India. There are plans to expand elements of the operation to Abu Dhabi.

Masdar Carbon provides end-to-end management services to develop clean tech projects and monetize carbon emissions at home and globally. In partnership with Abu Dhabi’s National Oil and Onshore Operations Companies, Masdar is developing a large-scale CCS project. The project will capture carbon dioxide emitted frompower plants and be transported on a national pipeline for injection into Abu Dhabi oil and gas reservoirs for enhanced oil recovery (EOR). Upon completion in 2014, 5 million tons of carbon dioxide will be captured per year. BP and Masdar will build the world’s first industrial-scale hydrogen-fired power plant with an integrated carbon capture and storage system. The 400 mw plant will separate natural gas into hydrogen and carbon dioxide. 1.7 million tons of carbon dioxide will be captured annually for EOR. The hydrogen will be burned to produce lowcarbon electricity. Torresol Energy, a joint venture between Masdar and SENER, a leading international multidiscipline engineering company, with offices in Abu Dhabi, has secured $760 million project finance loans for the construction of its twin Concentrated Solar Power plants, Valle 1 and Valle 2, in Andalucía, Spain. The total investment value for the two plants is $1bn. Both plants incorporate energy solutions developed by SENER, including molten salt thermal storage capacity of up to 7.5 hours. The plants will be capable of generating electricity at night and through periods of poor sunlight, enabling a continuous supply of electricity and overcoming intermittency.
Dr. Al Jaber said: “The CSP projects currently under construction in Spain will introduce and test new technologies, which will help promote CSP as an conomically competitive and viable lternative to traditional power sources. Through Torresol Energy, we are actively promoting the development and operation of large-scale CSP plants throughout the world and hope to implement additional projects across Southern Europe, North Africa, the Middle East and the southwestern United States”. The construction of the new plants will have an estimated 3,200 new direct employment opportunities during the two year construction period.

Masdar Clean Tech Fund was launched in 2006 with partners Consensus Business Group, Credit Swisse and Siemens AG to invest $250 million. The US received 65 percent and Europe 35 percent. A second fund was launched in January to secure financial commitments of $500 million to invest in clean energy. The fund is co-managed by Masdar Venture Capital and DB Climate Change Advisors to build a diversified portfolio. Siemens, Japan Bank, Japan Oil, Nippon Oil and GE will be investors.

Dr. Al Jaber announced the establishment of the International Renewable Energy Agency, IRENA, the world's first intergovernmental agency fully dedicated to renewables. “With 138 member states in its first year, IRENA is a true reflection of the global commitment to renewable energy in developed and developing nations,” he said in his keynote address. IRENA selected Masdar City for its headquarters. It will act as a clearing house, collecting, sharing and building a comprehensive database to become a one-stop shop. Its 138 members are comprised of 46 from Africa, 36 from Europe, plus the EU, 32 from Asia, 14 from the Americas and 9 from Australia. IRENA will continue its outreach to IEA, the UN General Secretary, and the International Panel on Climate Change. Staffing is a priority in 2010 and over 500 applications have been filed, 41% from women. IRENA is also working with the Abu Dhabi Fund for Development to place $50 million annually in renewable projects.

Dr. Al Jaber, serving as Director General of the Zayed Future Energy Prize, said at the awards ceremony: “The caliber of entries has been phenomenal and the jury had tough choices to narrow the selection to three finalists.” The three finalists were chosen from over 300 entrants. The award is open to individuals, companies and non-governmental organizations that can demonstrate a tangible clean energy solution. The Zayed Future Energy Prize was created in 2008 to honor the legacy of the late ruler of Abu Dhabi and the founding father and President of the United Arab Emirates, HH Sheikh Zayed bin Sultan Al Nahyan, who championed environmental stewardship. The Zayed Future Energy Prize Jury is made up of eight leading international energy experts. Toyota was the 2010 winner for the hybrid Prius launched in 1997 that has saved seven million tons of carbon dioxide. Dr. Zhrengrong Shi, founder of Suntech Power, the world’s largest manufacturer of silicon solar modules and Amitabha Sadanji, CEO of IDEI who reduced carbon dioxide by 1.8 million tons in India by deploying an irrigation technology for farmers, were the two other finalists.

Dr. Sultan Ahmed Al Jaber is the Managing Director and Chief Executive Officer of Masdar. Dr. Al Jaber led Masdar’s participation in the UAE’s successful bid to host the headquarters of the International Renewable Energy Agency (IRENA) in Masdar City. In 2009, UN Secretary General Ban Ki-Moon elected Dr. Al Jaber to join the UN’s Advisory Group on Energy and Climate Change. Dr. Al Jaber is also a Senior Advisor to Mubadala Development Company. He is a Chairman of the Board of the Abu Dhabi Ports Company. He also serves on the boards of ALDAR Properties, Advanced Technology Investment Company (ATIC) and the Young Arab Leaders Organization. He received his PhD in Economics from Coventry University in the United Kingdom and has a Bachelor of Science in Chemical Engineering from the University of Southern California and Master of Business Administration (MBA) from California State University in Los Angeles.