Schneider Electric signs MoU with Volts for First Gigafactory in the UAE

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UAE energy storage production company Volts and Schneider Electric collaborate to transform energy storage industry in the UAE. The collaboration amplifies the sustainable energy initiatives and contribute to UAE’s industrial transformation and modernization vision.

Dubai,United Arab Emirates: 5 December 2023
– Schneider Electric, a leader in the digital transformation of energy management and automation, has signed aMemorandum of Understanding (MoU) with Volts, the first energy storage manufacturer in the UAE, and a technology company within Masdar City. Together, both entities will transform the UAE's energy landscape through the construction and opening of the nation’s first giga industrial facility to produce BatteryEnergy Storage Systems (BESS) in Abu Dhabi. 

Under the agreement, Schneider Electric and Volts will explore areas of collaboration and opportunity on technological, consulting, and automation services for the project that is intended serve the production of industrial and home energy storage systems and battery cells, marking a significant milestone in the region's sustainable energy landscape. 

AhmedKhashan, President of Gulf Countries, at Schneider Electric, said: “Through thiscollaboration, Schneider Electric reaffirms its commitment to innovation andindustry leadership. This agreement aligns with our mission to be the partnerof choice for sustainability, digitization and decarbonization. With this collaboration,we are steps closer to transformative the UAE changes in the industrial sector,fostering sustainability, innovation, and resilience in line with UAE’s cleanenergy goals and initiatives, including electrifying mobility.”  

VladimirMlynchik, Founder of Volts UAE
, commented: “Collaborating with Schneider Electric isa pivotal step forward for Volts UAE. This collaboration signifies a sharedcommitment to shaping a sustainable energy future in the UAE. Together, we arefocused on producing Energy Storage Systems that will power homes and electricvehicles, contributing to a cleaner and more efficient energy landscape”.  

HisExcellency Osama Amir Fadhel, Assistant Undersecretary for the IndustrialAccelerators Sector, UAE Ministry of Industry and Advanced Technology, commented: “Suchinfrastructurally significant projects as Volts Gigafactory contribute to thedevelopment of the technology industry in the UAE”. 

Volts, a Masdar based company founded in 2019 by entrepreneurial engineers, establishesitself as the inaugural manufacturer of energy storage devices in the MiddleEast. collaboration with Volts UAE marks a significant step in our commitmentto sustainable energy. The MoUsigning took place on the Schneider Electric showcase at the Technology andInnovation hub of the Green Zone at COP28, representatives of both companiesattended the signing.