Mubadala, ENGIE To Ease EV charging in Abu Dhabi, Middle East

Mubadala Investment Company has signed a Memorandum of Understanding (MoU) with French energy major ENGIE for the development of a digital platform to enable charging electric vehicles in Abu Dhabi and the Middle East region. ENGIE is a global leader in energy business.

The MoU entails that Mubadala and ENGIE will look to develop a digital platform that will include a joint solution for the installation and operation of charging infrastructure in Abu Dhabi and the UAE. Moreover, both the companies will look for more avenues of collaboration related with sustainable mobility.

As per the official statement of the companies, with the transport sector known as a significant contributor of global carbon footprint, electric vehicles are being deemed as a key to support decarbonising the mobility sector, with emissions from EVs up to 43% lower than traditionally fueled vehicles, as reported by Carbon Brief. They claim that developing an EV friendly digital platform can play an important role for the UAE to meet the goals of its Strategic Initiatives Net Zero by 2050.

The companies informed that the agreement was signed by Badr Al Olama, Executive Director at UAE Investments, in Mubadala Investment Company, and Ian Harfield, Managing Director of ENGIE Energy Solutions.

Badr Al Olama said, “Our agreement with ENGIE will support developing a digital platform for charging electric vehicles, and creating accessible, safe and sustainable mobility solutions to support the UAE’s climate action agenda.”

Ian Harfield stated, “By 2030, 60% of the global population will live in cities. Therefore, sustainable mobility will emerge as one of the greatest challenges facing urban planners. Adoption of clean fuels and electrification of public and private transport systems will be key levers for reducing carbon emissions and pollutants in cities.”

He added, “At ENGIE, we bring decades of global experience and expertise to the Middle East green energy marketplace. We ranked number one in France for (bio) gas fueling stations, second worldwide (excl. China) for EV charging retail and installation of charging devices, including ownership and operation of semi-public and public EV charging networks, and fourth in Europe for H2 fueling stations.”