Since its founding in 2006, Masdar has been pivotal in advancing the UAE's sustainability and climate action goals, aiming to reach a renewable energy capacity of 100GW by 2030.

The collaboration will also focus on sustainable city management, including energy efficiency, waste management, and water management through AI innovations.

The platform is designed for scalability, making it suitable for deployment in both small towns and large megacities without disruptive updates.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, positioning itself as a key player in the global clean energy landscape.

In a significant move to enhance operational efficiency, Masdar has partnered with Presight to develop an AI-based asset management tool for its renewable energy projects worldwide.

This new tool will analyze the billions of daily data points generated by Masdar's renewable projects, such as solar panels and wind turbines, to provide insights and support data-driven decision-making.

Thomas Pramotedham, CEO of Presight, emphasized the partnership's potential to improve efficiency and predict maintenance needs for renewable energy supply through advanced AI and machine learning.

At the recent GITEX Global 2024 trade show, Presight launched the Presight Intelli Platform, powered by Generative AI, which aims to transform operations across various sectors.

Both companies aim to leverage advanced data analysis capabilities to manage the vast amount of data generated by renewable energy equipment, ultimately enhancing operational efficiency.

The implementation of AI technology in the energy transition could contribute an estimated $7 trillion to global GDP over the next decade by improving energy efficiency and reducing emissions.

The Presight Intelli Platform is built on open API standards, allowing for compatibility with various data types and enabling a no-coding environment for users.

The partnership was formalized during a technology trade show in Dubai, marking a transformative step for the renewable energy sector.