Schneider Electric closes deal to move into Masdar City

Schneider Electric, a global specialist in energy management, signed a lease agreement to locate offices at Masdar City — Abu Dhabi’s low-carbon, sustainable city. In addition, a memorandum of understanding (MoU) was also signed to explore areas of collaboration, including the deployment of Schneider’s energy management, performance and efficiency solutions in the Masdar Institute of Science and Technology’s phase 1a buildings.
The lease agreement and MoU were signed during the World Future Energy Summit, as part of Abu Dhabi Sustainability Week 2014, described as the Middle East’s largest gathering focused on sustainability attracting more than 30,000 people.
The signing ceremony was attended by Mohammed Al-Ramahi, chief operating officer of Masdar, and Michel Crochon, executive vice president strategy and technology for Schneider Electric.
“Moving into Masdar City further strengthens the working relationship between the two companies,” said Michel Crochon, executive vice president strategy and technology for Schneider Electric. “Schneider Electric is in the business of energy management and innovating smart solutions that enable societies and cities to consume less energy. By moving into Masdar City, we are able to integrate our expertise and solutions into one of the most technologically advanced cities — opening the door for future possibilities.”
Masdar City, one of the world’s most sustainable urban developments, is on a mission to discover a "greenprint" for how cities can accommodate denser populations while reducing energy, water and waste.
“The recent growth of Masdar City has been tremendous” said Mohammed Al-Ramahi, chief operating officer of Masdar.
“And with the addition of Schneider Electric, we continue to build momentum into the coming year. This announcement brings one of the world’s leading energy management companies to a sustainable city that is pushing the boundaries of smart design and technology. Having Schneider Electric at Masdar City is another step in building a technology cluster,” he added.