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GE Wins Zayed Future Energy Prize For Significant Contribution To Renewable Energy And Sustainability











GE (NYSE: GE) today won the prestigious Zayed Future Energy Prize in the Large Corporation category for its significant contribution to renewable energy and sustainability.

In the presence of H.H. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, GE’s Vice Chairman John Rice received the prize at the ceremony held on the opening day of the World Future Energy Summit in Abu Dhabi.

Receiving the honor, John Rice said: “We are honoured to receive the Zayed Future Energy Prize, and thank the UAE and its leadership for this prestigious honor for GE. We are proud to receive an award that salutes the vision of the late Sheikh Zayed, a great leader who was committed to making the world a better place for our future generations. This award also reflects the passion and dedication of the UAE’s leadership to promote renewable energy and sustainable development. Winning the prize is a testament to our commitment to innovation and developing solutions that make things better for the environment, the economy and society.”

Established in 2008 to honour legacy of the late Sheikh Zayed bin Sultan Al Nahyan, the founding president of the UAE, the Zayed Future Energy Prize recognises GE’s clear vision for the long-term future of energy, and its sustainable strategy for its role in achieving this future. The Zayed Future Energy Prize is a US$4 million award that recognizes and rewards innovators in the fields of renewable energy and sustainability.

The award took into consideration the impact of the investments and interests of GE in renewable energy and sustainable development, its global presence in the sector, industry leadership and long-term commitment to developing innovative products.

In 2015, GE invested US$2.3 billion in cleaner - technology R&D and generated US$36 billion in revenues from Ecomagination technologies and solutions. Now, with its digital industrial technologies – digital power plants, brilliant factories – GE is taking the clean energy narrative to the next level. GE’s Brilliant Wind Turbine, solar energy systems and clean coal technology make the shift to alternative and clean energy more efficient, productive and seamless.

GE has nearly eight decades of presence in the UAE, serving as a partner in the nation’s growth. The GE Ecomagination Innovation Center – the largest of its kind in the world, in Masdar City in Abu Dhabi – promotes research in clean energy. GE is working with Masdar to pilot and commercialize sustainable energy-neutral advanced wastewater treatment solutions in the UAE and MENAT region, and co-develop with GE Industrial Internet solutions to optimize efficiencies.

The company has also announced the formation of Ecomagination 2020 Partnerships to help solve global resource challenges with such industry leaders as Masdar – as well as Wal-Mart, Total, Intel, Goldman Sachs, MWH Global, and BHP Billiton. As a 130-year-old technology company, sustainability is embedded in GE’s culture and business strategy, and through its various initiatives strive relentlessly to find sustainable solutions to benefit the planet, its people and the economy. 

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