Abu Dhabi – MENA Herald: Abu Dhabi Commercial Properties (ADCP), a wholly owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has signed a Memorandum of Understanding (MoU) with GE’s energy start-up Current, powered by GE, to drive energy efficiency and intelligent enterprises solutions across the projects it manages in the UAE.
Aligned with the Abu Dhabi 2030 Vision to promote sustainable development and to reduce the carbon footprint of the built environments, the agreement marks a milestone in ADCP’s focus on introducing the highest standards in energy efficiency to the community management services it provides.
The two entities will work to co-develop a framework for collaborative activities with the initial focus on LED lighting retrofits in 2,200 buildings managed by ADCP in the country. Subsequently, Current would also potentially provide lighting design services for any developments developed by Abu Dhabi Commercial Engineering Services (ADCE), the engineering arm of ADCP.
Mohamed Binbrek, General Manager – ADCP, said; “The agreement with Current underlines our commitment to deliver energy-efficient solutions to the properties that we manage, which will benefit all stakeholders and contribute to a greener UAE. This complements the vision of our leadership to leverage innovative approaches in sustainability and to pursue best practices in green buildings that can reduce the nation’s carbon footprint and drive greater environmental sustainability. Current’s solutions serve as a good fit to achieve our energy efficiency goals.”
Peter Lau, CEO, Europe and Middle East of GE’s energy start-up Current, powered by GE, said: “The UAE has taken significant strides in promoting green buildings and intelligent solutions led by the ‘green economy for sustainable development’ strategy and UAE Vision 2021. ADCP is setting industry benchmarks in promoting green practices in the built environment and in future developments. Bringing together Current’s LED, solar, energy storage and electric vehicle business under one umbrella, Current can support ADCP in meeting its ‘green’ goals.”
ADCP provides the full spectrum of facility and community management services to banks and privately owned properties. Along with Current, the company will identify energy efficiency opportunities for its projects portfolio and Current will provide the technology and expertise in the areas of energy management and intelligent lighting applications.
Further, they will generate a database of potential areas of growth for deploying Current’s advanced LED fixtures and solutions, and undertake retrofitting where adequate and necessary, to achieve maximum energy-efficiency results. Current is committed and will provide continuous technical support to ADCP, and also engage in knowledge sharing sessions and training programs to ensure highest quality of service and international best-practices.