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Adnoc and Masdar signed a collaboration agreement with Microsoft to advance AI tech and low-carbon solutions, according to a statement. The companies will look into possibilities of powering Microsoft’s data with renewable energy sources from Masdar. They will also explore the use of AI in carbon capture and storage projects and low-carbon ammonia and hydrogen projects.
REMEMBER- Adnoc, Masdar, and Microsoft recently released a joint report highlighting the transformative potential of AI for the clean energy sector. The report bets on AI applications’ potential to make energy operations and grid connections more efficient and predicts that AI-driven energy demand could stimulate the innovation of carbon-free energy solutions.
AI’s role in the energy transition took center stage at the opening session of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). Adnoc Group CEO and Industry and Advanced Technology Minister Sultan Al Jaber called for “integrating renewable energy, nuclear energy, and gas in the most cost-and carbon-efficient way” to meet the surge in energy demand created by the “exponential growth of AI,” during his opening speech at the forum (watch, runtime: 2:56:25). To realize this potential, investments in the power sector need to grow to at least USD 1.5 tn to meet the surging demand from AI, Al Jaber said.
Adnoc is on its way to integrating “AI agents” across its entire value chain, which “will analyze petabytes of data,” Al Jaber said. It will proactively and autonomously identify operational improvements” and enhance energy efficiency, Al Jaber said. The Financial Times also took note of Al Jaber’s remarks.
Adnoc is earmarking USD 23 bn to invest in decarbonization, focusing on infrastructure and AI tech, Jaber said. These investments might help the company achieve its 2030 goal to reduce emissions by 25% ahead of schedule, he boasted.
IN OTHER ADIPEC NEWS-
The UAE plans to invest over AED 200 bn in sustainable energy over the next six years, committing to meeting future energy demand, Wam cites Energy and Infrastructure minister Suhail Al Mazrouei as saying at Adipec. Al Mazrouei noted that the country already has “significant investments in clean energy projects in operation and others under development.”
