While there’s no shortage of hot sunny days in the MENA region and the United Arab Emirates in particular, it’s not enough to harness the sun’s energy using solar panels. The generated energy has to be stored somewhere so that it can be utilized when needed, instead of only when the sun is shining. That’s why the Dubai Electricity and Water Authority (DEWA) and Tesla have joined forces to install a Tesla battery energy storage system (BESS) at the Mohammed bin Rashid Al Maktoum Solar Park, one of the world’s largest renewable projects in the world.
“The energy storage project using Tesla’s lithium-ion battery solution at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, aims to diversify the energy mix and enhance energy storage technologies,” said DEWA managing director and CEO Saeed Mohammed Al Tayer.
Another goal of the pilot project is to evaluate the technical and economic capabilities of the technology and to test its role in the integration between clean energy and energy storage to achieve maximum efficiency and reliability.
Currently, the Mohammed bin Rashid Al Maktoum Solar Park can generate around 1 MW of electricity, but DEWA aims to expand it to 5 GW by the end of this decade. To put the number into perspective, a typical nuclear reactor produces approximately 1 GW of electricity.
DEWA is also working on other renewable projects, testing a sodium sulphur (NaS) energy solution and developing a 250 MW pumped-storage hydroelectric power station.
Together, these renewable projects aim to realize the Dubai Clean Energy Strategy 2050, whose goal is to produce more than 75 percent of Dubai’s energy requirements from clean, renewable sources to significantly reduce the city’s carbon footprint in the world.
World’s Largest Metaverse Developer Opens Dubai Office
LandVault, the largest metaverse creator, is expanding its presence into the MENA region.
LandVault, the world’s largest metaverse developer, will expand operations to Dubai later this month as part of an ongoing strategy to boost its presence in the MENA region. The company aims to help local businesses gain a foothold in the expanding web 3.0 universe and sees exciting opportunities to bolster its client portfolio.
So far, metaverse developer LandVault has lived up to its name, creating and curating over 100 square feet of virtual space for a diverse range of organizations, including the nearby Yas Marina Circuit, Aldar, Mastercard, Standard Chartered, World of Women, Hershey’s, and many more.
The Dubai government’s Metaverse Strategy is one of the key reasons LandVault has been inspired to move to the region, as leaders plan to transform the Emirate into one of the world’s top 10 metaverse economies by 2030. Eventually, it’s hoped that in excess of 1,000 companies in the blockchain and web 3.0 spaces will be inspired to set up entities in the region, creating around 40,000 new jobs in the process.
“We are excited to open our office in Dubai and to be a part of the vibrant tech community in the UAE. The MENA region is a key market for us, and we believe that our presence in Dubai will allow us to assist the region and explore new opportunities. We are also excited about the potential for the metaverse in the real estate industry in the UAE. We look forward to working with developers and real estate companies to showcase their properties in a new and innovative way,” says Sam Huber, CEO of LandVault.
Alongside developing the metaverse from its new Dubai office, LandVault will also deploy its technology to assist the UAE’s real estate sector. Developers will soon be able to showcase their projects in a way that was never previously possible, reaching a much wider audience with immersive and interactive property tours and even virtual showrooms.