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We Are Masdar     We Are Masdar     Christopher D. Sorensen, Deputy Director     Strategic Innovation and Technology      ...
Introduction               2
Founding Visionary Inspiration  “      We must not rely on oil alone as the      main source of our national income.      ...
Masdar’s Mission - Anchored in the Abu Dhabi 2030 Vision    Abu Dhabi 2030      Abu Dhabi will focus on developing sectors...
The World Today   Sustainability      The UAE has one of the largest per capita      carbon footprints in the world      W...
A New Kind of Energy Company      A New Kind of Energy Company                                     6
A Unique, Fully Integrated Approach                                      7
Mubadala – Our Parent Company    The Mubadala Development Company is a    strategic investment and development company    ...
Vision and Mission    Our Vision    To make Abu Dhabi the preeminent source of    renewable energy, knowledge, development...
Key Milestones                                 Torresol                          Masdar PV          Shams 1      Masdar In...
Committed to The Global cleantech Industry      Initial investment of US$15 billion      Dedicated international research ...
Masdar – The Reality of Future Energy    Fulfilling Abu Dhabi’s vision to:      Source 7% of all energy entirely      from...
Masdar Institute       Masdar Institute                          13
Masdar Institute – Mission and Vision  Vision     To be a world-class graduate-level institution,     seamlessly integrati...
Profile of Masdar Institute                             Masdar Institute                               Fast Facts         ...
Masdar Institute – The Brightest Minds                                         152 students                               ...
Masdar Institute in Collaboration with MIT       Our flagship collaborator is the       Massachusetts Institute of Technolo...
Strategic Collaborations      Boeing, Etihad and UOP/Honeywell         Sustainable Bioenergy Research and Consortium (SBRC...
The EU-GCC Clean Energy Network   The EU-GCC Clean Energy Network (http://www.eugcc-cleanergy.net/) is an initiative creat...
Masdar Capital       Masdar Capital                        20
Two Investment Funds with International Partners     Masdar Clean Tech Tech Fund        Masdar Clean Fund                 ...
Investment Criteria         Management quality         Experienced, hands-on team with proven management capability       ...
Some of the Companies we have Invested in         Tested and proven solutions that reliably and effectively         purify...
Achievements   In just four years Masdar Capital has:     Launched two major Cleantech investment     funds with over $540...
Masdar Power      Masdar Power                     25
Profile of Masdar Power                          Masdar Power                           Fast Facts                       T...
Profile of Masdar Power projects – SHAMS 1                      SHAMS 1                      Fast Facts        The flagshi...
Profile of Masdar Power projects – Sir Bani Yas                         Sir Bani Yas                          Fast Facts  ...
Profile of Masdar Power projects – Torresol                     Gemasolar                     Fast Facts        One of wor...
Profile of Masdar Power projects – London Array                        London Array                         Fast Facts    ...
Profile of Masdar Power Projects – Masdar PV                        Masdar PV                        Fast Facts           ...
Masdar Carbon      Masdar Carbon                      32
Profile of Masdar Carbon                         Masdar Carbon                          Fast Facts                      A ...
Profile of Masdar Carbon – CCS                 Carbon Capture & Storage                        Fast Facts            CCS t...
Profile of Masdar Carbon – CDM                Clean Development Mechanism            Delivering 20 Million tonnes of CO2 e...
Masdar City       Masdar City                     36
Profile of Masdar City                            Masdar City                            Fast Facts                       ...
Benefits for Organisations Seeking to Locate Here     Masdar City creates a dynamic, vibrant,     international and entrep...
Sustainability at Every Corner                                 Up to 30% of electricity provided by 1MW rooftop solar PV  ...
Benefits to Abu Dhabi       Masdar City is a knowledge exchange that       will significantly help Abu Dhabi achieve a    ...
Masdar City – Key Milestones                                     Early stage           More than                          ...
IRENA        42
International Co-operation     The International Renewable Energy Agency       IRENA Mission: IRENA will promote the      ...
World Future Energy Summit                             44
Thought Leadership    World Future Energy Summit      Since it was first held in 2008, the World Future      Energy Summit...
WFES – Fast Facts                        2011 Highlights       Countries represented              112       Number of offi...
Zayed Future Energy Prize                            47
The Nobel Prize of the cleantech Industry      “   Like the Noble Prize, the Zayed Future Energy Prize          brings a s...
A Quick View   Launched in 2008   An annual prize fund open to SMEs/NGOs, individuals and Large   Corporations and an annu...
Thank YouChristopher D. Sorensen, Deputy DirectorStrategic Innovation and Technology                                 CSore...
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  1. 1. We Are Masdar We Are Masdar Christopher D. Sorensen, Deputy Director Strategic Innovation and Technology 1
  2. 2. Introduction 2
  3. 3. Founding Visionary Inspiration “ We must not rely on oil alone as the main source of our national income. We have to diversify the sources of our revenue and construct economic projects that will ensure a free, stable and dignified life for the people. ” The late His Highness Sheikh Zayed bin Sultan al Nahyan Founder of the United Arab Emirates 3
  4. 4. Masdar’s Mission - Anchored in the Abu Dhabi 2030 Vision Abu Dhabi 2030 Abu Dhabi will focus on developing sectors which, when combined, are planned to grow at more than 7.5% pa 30% of all energy needs from alternative and low carbon energy sources Commitment to climate change abatement Transition from commodities-based to knowledge-based economy Economic Development of Abu Dhabi 4
  5. 5. The World Today Sustainability The UAE has one of the largest per capita carbon footprints in the world Water and energy are critical resources Source: Lux Data report 5
  6. 6. A New Kind of Energy Company A New Kind of Energy Company 6
  7. 7. A Unique, Fully Integrated Approach 7
  8. 8. Mubadala – Our Parent Company The Mubadala Development Company is a strategic investment and development company whose sole shareholder is the Government of Abu Dhabi Credit rating Aa2 (Moody’s) / AA (S&P) / AA (Fitch) Total employees > 500 Total assets US$21.6 billion 8
  9. 9. Vision and Mission Our Vision To make Abu Dhabi the preeminent source of renewable energy, knowledge, development, implementation and the world’s benchmark for sustainable development. Our Mission To advance renewable energy and sustainable technologies through education, research and development, investment, commercialization and adaptation. 9
  10. 10. Key Milestones Torresol Masdar PV Shams 1 Masdar Initiative London EMIC Siemens launch Array partnership 2006 2007 2008 2009 2010 2011 Masdar City Masdar Institute Masdar Institute construction welcomes building complete begins students Masdar cleantech DB Masdar Fund I cleantech Fund 10
  11. 11. Committed to The Global cleantech Industry Initial investment of US$15 billion Dedicated international research and academic centre New investment model that drives capital into Abu Dhabi Growing portfolio of renewable energy projects across three continents Truly sustainable city for both residents and commerce Landmark development hub for renewable energy technology Internationally acclaimed Prize for cleantech industry pioneers 11
  12. 12. Masdar – The Reality of Future Energy Fulfilling Abu Dhabi’s vision to: Source 7% of all energy entirely from renewable energy by 2020 Build a sustainable knowledge- based economy Create future prosperity for its people Developing its human capital Maintaining its leadership in the energy sector 12
  13. 13. Masdar Institute Masdar Institute 13
  14. 14. Masdar Institute – Mission and Vision Vision To be a world-class graduate-level institution, seamlessly integrating research and education to produce future world leaders and critical thinkers in advanced energy and sustainability To position Abu Dhabi as a knowledge hub and engine for socioeconomic growth Mission To establish and continually evolve interdisciplinary, collaborative research and development capability in advanced energy and sustainability. To educate students to be innovators with the breadth and depth necessary to grow technology and enterprise regionally and globally 14
  15. 15. Profile of Masdar Institute Masdar Institute Fast Facts Graduate level study in advanced energy and sustainable technologies Extensive collaboration with MIT What is the Masdar Institute Highly qualified international faculty Elite student body Full Scholarship Clean Water, Environment and Climate Research Sustainable Energy Production and Storage domains Efficient Energy Delivery and Use Integrated Sustainable Development Boeing, Etihad, UOP/Honeywell, Research Advanced Technology Investment partnerships Company and Siemens Sate of the Art Labs Clean Rooms Campus Imaging Lab Student body to number over 600 over the next 5 years 15
  16. 16. Masdar Institute – The Brightest Minds 152 students Age group – between 20 years and 37 years 33 different nationalities 58 faculty members Eight Masters programs 37% Female An interdisciplinary doctorate 63% Male program A Foundation program for UAE nationals 72 graduating students 2011 16
  17. 17. Masdar Institute in Collaboration with MIT Our flagship collaborator is the Massachusetts Institute of Technology (MIT) Development of degree programs and curriculum Graduates of MI are given certificate of completion of MIT Assists in faculty and senior administration recruitment Participates in collaborative research with Masdar Institute faculty members 17
  18. 18. Strategic Collaborations Boeing, Etihad and UOP/Honeywell Sustainable Bioenergy Research and Consortium (SBRC) to research and demonstrate large-scale cultivation of halophytic plants for biofuel production Siemens Collaborative research on Smart Grids / Smart Buildings (SGSB), Carbon Capture and Sequestration (CCS) Advanced Technology Investment Company (ATIC) Development of a world class, research-driven academic program in Microsystems Engineering, focusing on the areas that are key to Abu Dhabi’s semiconductor sector The Abu Dhabi Company for Onshore Oil Operations, Petroleum Institute and Massachusetts Institute of Technology (MIT) Collaborative research into carbon sequestration 18
  19. 19. The EU-GCC Clean Energy Network The EU-GCC Clean Energy Network (http://www.eugcc-cleanergy.net/) is an initiative created and supported by the European Commission and by the relevant Gulf Co-Operation Council authorities, aiming to enhance the long term strategic EU – GCC energy relationship, addressing specifically clean energy issues (both policy and technology aspects). The GCC Energy Secretariat, has selected Masdar Institute to lead the Networks GCC Counterparts. National institutions appointed by the GCC Energy Secretariat for supporting the Network include: 19
  20. 20. Masdar Capital Masdar Capital 20
  21. 21. Two Investment Funds with International Partners Masdar Clean Tech Tech Fund Masdar Clean Fund DB Masdar Clean Tech Fund (“Fund 1”) (launched 2006) (launched 2010) US$250 million partnership DB Masdar Clean Tech Fund (“Fund 2”) US$10-25 million investment ticket size in companies with Established January 2010, promising technology and raising US$290-500 million first defendable IP close recently completed Current investments range from General partners: Solar Thin-Film to Waste-to- Energy and Water Purification 21
  22. 22. Investment Criteria Management quality Experienced, hands-on team with proven management capability Propriety and protected (ideally international patents) technology with Technology potential for large-scale application; Demonstrated superior performance; Disruptive possibilities Regulatory certainty Reasonable certainty around stable regulatory environment Opportunities driven by Fragmented market (leading to consolidation); Potential for scale industry logic benefits or vertical integration Geographic expansion Seek opportunities for geographic expansion of investee companies Multiple exit options/timeframes possible via an IPO, natural owners Exit options (3-5 years) and secondary buyers Governance Lead investor: board seat, other governance rights 22
  23. 23. Some of the Companies we have Invested in Tested and proven solutions that reliably and effectively purify water and kill germs One of the leading providers for the conditioning of used slurry from the photovoltaic industry and the semiconductor industry Technology for processing and recycling oil waste Integrated solar energy systems to cool, heat and power homes and offices 23
  24. 24. Achievements In just four years Masdar Capital has: Launched two major Cleantech investment funds with over $540m managed in the UAE Built strong partnerships, powerful networks and a growing reputation for investment excellence through over 15 investments Successfully exited a number of deals, placing MCTF amongst the top quartile cleantech VCs in its vintage Developed a reputation among small and growing companies as a value-add investor through business development in the MENA region Equipped a growing team of young Emiratis with world-class investment skills and knowledge around origination, execution and management of investments around the world 24
  25. 25. Masdar Power Masdar Power 25
  26. 26. Profile of Masdar Power Masdar Power Fast Facts To build a portfolio of large scale renewable Mandate energy power plants across the globe Currently major projects include – Shams 1 (UAE) , Nour 1 (UAE), Sir Bani Yas (UAE), Projects London Array (UK), Torresol (Spain) and the Seychelles Break through technology in the field of solar Technology PV, concentrated solar power, onshore and offshore wind Partnerships DONG, e.ON, Sener, Total, Abengoa, include NREA (Egypt) 26
  27. 27. Profile of Masdar Power projects – SHAMS 1 SHAMS 1 Fast Facts The flagship project World’s largest concentrated solar power (CSP) plant and first in Middle East 120kms Southwest of Abu Dhabi in the UAE Extends over an area of 2.5km² with a capacity of 100MW This solar field has 768 parabolic trough collectors to generate clean, renewable electricity 27
  28. 28. Profile of Masdar Power projects – Sir Bani Yas Sir Bani Yas Fast Facts Onshore wind farm Sir Bani Yas is a natural Island located 250 km southwest of Abu Dhabi city TDIC promotes Sir Bani Yas Island as a premier tourist destination. Masdar has an agreement with TDIC to develop renewable energy projects on the island First project is a windfarm with acapacity of between 20 and 30MW Commissioning in 2012z 28
  29. 29. Profile of Masdar Power projects – Torresol Gemasolar Fast Facts One of world’s first commercial deployments of CSP Central Tower Receiver Systems Joint venture between SENER (60%) and Masdar (40%) Gemasolar plant consists of 2,650 heliostats (mirrors) – 1,500m approximate diameter Will supply energy to 30,000 households saving 50,000 tonnes of CO2 29
  30. 30. Profile of Masdar Power projects – London Array London Array Fast Facts Offshore wind farm Capacity of 1GW when complete with 341 wind turbines Will produce enough energy to power a quarter of London homes (750,000) and displace the emissions of 1.9 million tonnes of carbon dioxide each year Will represent nearly 7% of the UK Government’s target of providing 15.4% of all electricity supply from renewable sources by 2015 Joint venture between DONG (50%), E.ON (30%) and Masdar (20%) signed in May 2009 Onshore construction started in July 2009, with offshore construction commencing 2010 30
  31. 31. Profile of Masdar Power Projects – Masdar PV Masdar PV Fast Facts Thin-film photovoltaic solar module manufacturing in Germany Masdar PV is producing advanced amorphous silicon photovoltaic modules that are eight times larger and five times more powerful (in total watt) than industry standard modules High-volume manufacturing of thin film PV requires less than 1% of semiconductor material compared to traditional PV, which means this technology can rapidly drive down the cost of PV to bring it closer to grid-parity 31
  32. 32. Masdar Carbon Masdar Carbon 32
  33. 33. Profile of Masdar Carbon Masdar Carbon Fast Facts A leader in carbon emissions reduction Carbon through advance projects that bring significant Footprint reductions to UAE’s carbon footprint Focusing on clean Hydrocarbon power and Clean industrial energy efficiency creates additional Fossil Fuel value through carbon monetization Solution-orientated technologies addressing Technology energy security, climate change, and global sustainable development Partners e.ON, ADNOC, ADWEA, Total, Etihad 33
  34. 34. Profile of Masdar Carbon – CCS Carbon Capture & Storage Fast Facts CCS technology captures CO2 emissions from power plants preventing release into atmosphere ADNOC – the largest industrial-scale CCS project in the world Capturing CO2 transport it, and inject it into Abu Dhabi’s oil & gas reservoirs for EOR 5 million tonnes of CO2 per year captured under phase 1 Will contribute significantly towards the reduction of the UAE’s carbon footprint Utilising 350km of transportation pipelines 34
  35. 35. Profile of Masdar Carbon – CDM Clean Development Mechanism Delivering 20 Million tonnes of CO2 equivalent under contract from projects in Abu Dhabi and region CDM lifecycle management Support UN registration process Emission reduction project focus Recovery / utilisation of flare waste gases Fuel switch in industrial facilities Energy efficiency improvements Waste heat recovery CO2 recovery Gas leak reduction 35
  36. 36. Masdar City Masdar City 36
  37. 37. Profile of Masdar City Masdar City Fast Facts 700 hectares Total site area 3.7 million sqm GFA Residential 52% Commercial 38% Retail 2% Community 8% Projected resident 40,000 population Projected commuters 50,000 140 people / Residential density hectare 245 people / Peak daily density hectare 37
  38. 38. Benefits for Organisations Seeking to Locate Here Masdar City creates a dynamic, vibrant, international and entrepreneurial community that offers numerous benefits Potential access to capital Critical mass of sector knowledge Large pool of high-quality talent Launching point into local, regional and international markets Community of like-minded professionals One of the world’s most beautiful and sustainable living and working environments 38
  39. 39. Sustainability at Every Corner Up to 30% of electricity provided by 1MW rooftop solar PV Renewable energy Built 10MW solar PV farm 75% of hot water provided by rooftop solar thermal collectors 51% less energy in residential units Energy demand 55% reduction in building external heat gain Water demand 54% less water consumption in residential units Waste management 96% of construction waste reused or recycled Used low carbon aluminum and concrete Low carbon materials mixes in buildings’ infrastructure 39
  40. 40. Benefits to Abu Dhabi Masdar City is a knowledge exchange that will significantly help Abu Dhabi achieve a developed knowledge economy An icon for Abu Dhabis commitment to a sustainable future A magnet for talent, expertise and financial capital • Home of the Masdar Institute • Headquarters of the International Renewable Energy Agency (IRENA) • Over 50 companies have signed up to be a part of Masdar City 40
  41. 41. Masdar City – Key Milestones Early stage More than residential, 8,000 First 6 commercial residents and buildings and retail 12,000 completed buildings commuters in the city 2008 2009 2010 2013 2015 2021-2025 Masdar City Masdar First companies Full build out construction Institute move into offices completed begins opens First residents City accommodates move into homes 40,000 residents and 50,000 commuters 41
  42. 42. IRENA 42
  43. 43. International Co-operation The International Renewable Energy Agency IRENA Mission: IRENA will promote the widespread and increased adoption and sustainable use of all forms or renewable energy. Acting as the global voice for renewable energies, IRENA will facilitate access to all relevant renewable energy information, including technical data Based out of Abu Dhabi, IRENA is mandated by its members (149 and the European Union) to disseminate renewable energy technologies to developing and developed nations alike On July 8, 2010, the Agency’s statute entered into force 43
  44. 44. World Future Energy Summit 44
  45. 45. Thought Leadership World Future Energy Summit Since it was first held in 2008, the World Future Energy Summit is a platform to facilitate practical progress in renewable energy The world’s foremost, must-attend annual meeting for the renewable energy and environment industry. The annual summit addresses issues of public policy, research and development and business in a coordinated approach. The World Future Energy Summit, held every year in Abu Dhabi and hosted by Masdar, provides a crucial platform to address the urgent global need to find energy solutions that are both secure and sustainable 45
  46. 46. WFES – Fast Facts 2011 Highlights Countries represented 112 Number of official delegations 40 Number of high level delegates 3150 Keynote and expert speakers 200 Exhibiting companies 600 CEOs and MDs in attendance 4,000 Total attendees 26,000 Website visits 800,000 Page views 1.7 million 46
  47. 47. Zayed Future Energy Prize 47
  48. 48. The Nobel Prize of the cleantech Industry “ Like the Noble Prize, the Zayed Future Energy Prize brings a similar global recognition to those who help ” the world move forward President Ólafur Ragnar Grímsson, President of Iceland 48
  49. 49. A Quick View Launched in 2008 An annual prize fund open to SMEs/NGOs, individuals and Large Corporations and an annual Global High School prize (open for 2013) Over US$4 million in prizes, spread across finalists and winners Over 900 Submissions, and 1800 nominations from 80 countries in three years. 49
  50. 50. Thank YouChristopher D. Sorensen, Deputy DirectorStrategic Innovation and Technology CSorensen@masdar.ae 50
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