Search Site

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

UAE energy ministry awards DEWA for research, innovation

A front view of DEWA office in Dubai.
  • DEWA was honored for its innovative grid-integrated system which regulates photovoltaic inverters for autonomous voltage.
  • The approach to innovation, research and development in renewable and clean energy is in line with government strategies, DEWA CEO said.

DUBAI, UAE – Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and Infrastructure’s ‘Research and Innovation Award’ in the government sector category for its contributions in the field of balanced national energy.

The award recognizes DEWA’s consistent efforts in research, development and innovation.

The award was presented to a team from DEWA by Suhail Al Mazrouei, Minister of Energy and Infrastructure.

DEWA was honored for its innovative grid-integrated system which regulates photovoltaic inverters for autonomous voltage and enhances the performance of the grid with Distributed Renewable Energy Resources and ancillary services.

Saeed Mohammed Al Tayer, MD and CEO of DEWA, praised the Ministry of Energy and Infrastructure for launching the award, which promotes a culture of creativity and innovation in developing pioneering solutions to challenges in the energy, water, and infrastructure sectors.

Al Tayer said that DEWA’s approach to innovation, research and development in renewable and clean energy is in line with the government plans and strategies that prioritize the renewable and clean energy sector as a key pillar in achieving Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050.

Rashid Bin Humaidan, Executive Vice President of Distribution Power at DEWA, stated that the system developed by DEWA helps in integrating solar photovoltaic systems with the smart grid, improving network performance, increasing efficiency, and reducing network losses.

DEWA’s innovative projects in clean and renewable energy include energy storage, smart grids, integration of solar energy resources with distribution networks, and various sustainability-enhancing projects that contribute to the efficiency of clean energy resources.