Kiran Stacey Masdar and Siemens sign clean energy deal

Siemens has tied up a deal with Masdar, the carbon-neutral city being built in Abu Dhabi, to base its Middle East HQ there and to help develop the city’s smart grid and other infrastructure.

Siemens will also work on CCS working in collaboration with academics at the Masdar Institute.

It’s a rare piece of good news for Masdar, which has recently been beset by problems, and is important in showing that Western companies are still willing to work with it on this unique project. But how is the project proceeding otherwise? I will be asking that question to its CEO later on this afternoon.