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Decarbonization Expertise Problem led by ADNOC in collaboration with AWS, bp, Hub71 and Internet Zero Expertise Centre
Competitors open to vitality transition know-how innovators around the globe
10 finalists will pitch their improvements to judges in December 2023, with winners receiving as much as $1 million to pilot know-how with ADNOC
ADNOC, in the present day launched a world competitors to seek out improvements that can reshape the worldwide vitality panorama. The Decarbonization Expertise Problem is being supported by Amazon Internet Companies (AWS), bp, Hub71, and the Internet Zero Expertise Heart.
The competitors was launched at UAE Local weather Tech Discussion board in Abu Dhabi, the place over 1,000 world coverage makers, innovators, and industrial leaders met to drive technological options for decarbonization.
Ten finalists will likely be invited to pitch their improvements to a panel of judges in December 2023. Winners will obtain as much as $1 million (AED3,670,000) in piloting alternatives with ADNOC. Scale-up corporations specializing in carbon seize utilization and storage (CCUS), new energies, oil and fuel emissions discount, digital functions and superior supplies for decarbonization, and nature-based options are inspired to use.
Musabbeh Al Kaabi, Govt Director, Low Carbon Options and Worldwide Development Directorate, ADNOC mentioned: “We’re delighted to launch the Decarbonization Expertise Problem alongside our companions. ADNOC has earmarked $15 billion for landmark decarbonization tasks by 2030, together with carbon seize, electrification, new CO2 absorption know-how and enhanced investments in hydrogen and renewables. We stay up for nurturing corporations with essentially the most promising improvements that may assist remodel, decarbonize, and future proof the worldwide vitality sector.”
The search will culminate in a ultimate within the UAE in December 2023. 10 shortlisted entrants will likely be invited to current their concepts to a panel of skilled judges. In addition to receiving as much as $1 million (AED3,670,000) in piloting alternatives, winners will acquire entry to state-of-the-art analysis and innovation services in Abu Dhabi.
Entrants have 12 weeks to compile their functions and submit by way of a portal on decarbonization-challenge.com by Friday, August 11, 2023. The web site outlines the entry standards for contributors.
The competitors is being delivered in partnership with the Internet Zero Expertise Heart and supported by AWS, bp and Hub71. It helps ADNOC’s technique to convene cross sectoral companions to seek out recent and significant options to speed up a accountable vitality transition. AWS, bp and Hub71 will present extra funding, panel judges and enterprise help for the winners.
Comply with Emirates 24|7 on Google Information.
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