The agreement was announced during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), currently being held in Abu Dhabi.
Under the agreement, opportunities to supply Microsoft’s data centers with electricity generated from renewable energy sources will be evaluated through “source“which has”ADNOCA share in it.
ADNOC and Masdar will also explore opportunities to use artificial intelligence tools and applications to develop carbon capture and storage projects, in addition to low-carbon ammonia and hydrogen projects.
The agreement also includes studying opportunities to accelerate the deployment of applications artificial intelligence Throughout ADNOC’s operations to increase efficiency, advance the implementation of methane emissions reduction initiatives in line with the Oil and Gas Emissions Reduction Charter to reach net methane emissions close to zero by 2030, and enhance biodiversity monitoring to better protect the environment.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, Chairman of the Board of Directors of Masdar, said: “In line with the vision of the leadership in the UAE to benefit from advanced technology to support sustainable growth, this agreement comes with ‘Microsoft‘To enhance cooperation between the energy and technology sectors in a way that benefits both sides.’
He added: “The world is looking to the future. There are three main global trends that define the features of this stage: the rise of the countries of the Global South and emerging markets, the qualitative shift in the energy system, and the rapid growth in artificial intelligence. He stressed that artificial intelligence is the most prominent innovation of our time, and has the ability to Accelerating the pace of change, it also contributes to enhancing productivity, raising efficiency, creating additional value, and supporting low-carbon economic growth.”
He said: “The rapid growth of artificial intelligence has led to a significant increase in demand for electrical energy, which no one would have expected 18 months ago,” explaining that by cooperating to find solutions to artificial intelligence challenges in the near term, we can achieve long-term benefits for both sides through the application of intelligence technologies. “Artificial energy is used throughout the energy sector value chain, which contributes to ensuring a sustainable and prosperous future in the coming years.”
The signing of the agreement came in the wake of the release of the report “Enhancing Potential: Artificial Intelligence and Energy for a Sustainable Future,” which was prepared in cooperation between ADNOC, Masdar, and Microsoft.
This agreement also comes in conjunction with the “I admonish you“, and after the recent meeting of the “ENACT” Council in Abu Dhabiwhich constituted an event dedicated to CEOs that brought together 80 leaders from the technology, energy, and investment sectors, to discuss ways to benefit from the opportunities provided by the three trends, and to find solutions to keep pace with the rapid and sustainable growth in the field of artificial intelligence.
For his part, Brad Smith, Vice Chairman of the Board of Directors, President of Microsoft, said: “The requirements of the new era are based on two basic steps that we must take, which are keeping pace with developments in artificial intelligence technologies in conjunction with the transition to a more sustainable economy, explaining that in a world that will witness growth In demand for electricity, it is essential that we supply greater amounts of low-emission energy to supply AI’s electricity needs, and use its technologies to increase energy production, improve transportation networks, and expand its reach to communities around the world.
He added: “This is a task that none of us can undertake alone. Rather, it requires the combined efforts of the technology, energy, science and policy sectors to find solutions that contribute to achieving the desired progress for all.”
For his part, Mohammed Jameel Al Ramahi, CEO of Masdar, said: “Artificial intelligence technology will play a pivotal role in accelerating the pace of transformation within the energy sector, and we at Masdar look forward to cooperating with ADNOC, Microsoft and other key partners to provide sustainable energy for intelligence data centers.” artificial intelligence and contribute to enhancing the potential of this technology and its role in the future.”
It is noteworthy that artificial intelligence solutions contribute to enabling ADNOC to achieve the ambition of reaching climate neutrality by 2045, and achieving near-zero net emissions of methane gas by 2030.
Thanks to the use of artificial intelligence tools and applications, the company succeeded between 2022 and 2023 in reducing one million tons of carbon dioxide emissions, and achieving a commercial value of 1.84 billion dirhams ($500 million) in 2023.
