Connect with us

Technology

Dr. Sultan Al Jaber Unveils ‘World First’ 24/7 Renewables Project; Global Megatrends Call for New Path to Socioeconomic Progress

Published

on

At opening of ADSW 2025, HE Dr. Al Jaber unveils world’s first renewable and battery storage facility to provide uninterrupted power, at scale, around the clock in Abu Dhabi. Unwavering support of UAE leadership enables breakthrough to “moonshot challenge” of intermittency.Masdar and EWEC partner on largest of its kind megaproject combining 5.2GW of Solar PV with 19GW hours of battery storage to produce 1GW of continuous baseload renewable energy.Calls for all stakeholders, industries and governments to unite around a single path to unlock growth, drive sustainable economic progress and unleash unprecedented economic opportunity.Global megatrends of AI and growth of emerging markets driving power demand from 9,000GW to over 15,000GW by 2035 and could reach 35,000GW by 2050.Dr. Al Jaber declares world is at “nexus of next”- a watershed moment that holds the opportunity to supercharge socioeconomic progress driven by megatrends  Despite gains in renewable energy adoption, surge in global energy demand requires a diversity of energy options. Policies and regulations that prematurely reduce energy options are self-defeating. Energy and sustainability are not opposing forces, they are essential partners, Dr. Al Jaber says. Abu Dhabi’s XRG will help respond to emerging energy needs across the entire value chain, including gas, chemicals, low carbon fuels and energy infrastructure.

ABU DHABI, UAE, Jan. 14, 2025 /PRNewswire/ — At the opening ceremony of Abu Dhabi Sustainability Week 2025 and the awards ceremony of the Zayed Sustainability Prize, HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman, called for a new approach to unlock growth, drive sustainable economic progress and unleash unprecedented economic opportunity. At the first major international event of 2025, he noted that the world stands at a pivotal moment for progress driven by the global megatrends of emerging market growth, exponential rise of Artificial Intelligence and transformation of energy systems. Together these trends will require a diversity of energy sources to supercharge sustainable progress.

H.E. Dr. Al Jaber was speaking in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. Addressing an assembled audience which included 13 heads of state and over 140 ministers and government officials, he highlighted the UAE’s energy leadership – with world firsts and landmark achievements in solar, wind, nuclear, and AI, thanks to the far-sighted guidance of His Highness, the President of the UAE, and the legacy of the UAE’s founding father Shiekh Zayed Al Nahyan.

World stands at a pivotal moment

“As we enter the second quarter of the 21st century, we find ourselves at a pivotal moment. We are standing at the edge of two worlds, the world as we know it, and the world as it could be. This is a moment that I like to call ‘the nexus of next,'” HE Dr. Al Jaber said.

He emphasized that the world was poised at an inflection point driven by three powerful forces: the growth of emerging markets, the fundamental transformation of our energy systems, and the exponential growth of AI; with the potential to not just accelerate progress, but to “put progress into overdrive”.

UAE advancing leadership in energy, space and international diplomacy

HE Dr. Al Jaber said the UAE embodies “the nexus of next” as a nation uniquely positioned at the intersection of tradition and transformation, made possible under the legacy of the founding father of the UAE, Sheikh Zayed. Turning to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, Dr Al Jaber continued,

“This legacy of leadership continues to this day. Your Highness, you are constantly inspiring us to break new ground. Under your guidance, we have set records in solar. From the biggest single site power plant to a world-leading desalination plant. We have set the pace in wind, creating wind farms that can operate in rough seas and at low speeds. We have set the bar in nuclear, with all four units of the Barakah plant fully operational. We have set benchmarks in Artificial Intelligence, from the Mohamed bin Zayed University of Artificial Intelligence, the first ever home-grown university entirely dedicated to AI, to strategic investment vehicles like MGX. We have set foot in space, sent a probe to Mars and we are not stopping there. We will soon send a mission to the asteroid belt with the MBR Explorer, and we will map our planet with our own satellite, MBZ-SAT.

“And it was your call for unity that nurtured multilateralism, allowed determination to conquer doubt and brought the world together to deliver the historic UAE consensus at COP28,” HE Dr. Al Jaber added.

Overcoming the barrier of renewable energy intermittency

HE Dr. Sultan noted that intermittency has been for decades one of the biggest barrier facing renewable energy, the ability to source constant power 24 hours a day, but thanks to a record-breaking UAE project, that barrier had been overcome.

“For decades, the biggest barrier facing renewable energy has been intermittency. It has been the moonshot challenge of our time. How can we power a world that never sleeps with energy sources that do? How can we transform renewable resources into reliable power? Today, we have an answer. Excellencies, colleagues and friends, I am pleased to announce the launch of the world’s first renewable energy facility capable of providing renewable energy, at scale, around the clock.

“In partnership with the Emirates Water and Electricity Company, Masdar is combining 5.2GW of solar capacity with 19GW hours of storage to produce 1 GW of uninterrupted clean power. This will, for the first time ever, transform renewable energy into baseload energy,” HE Dr. Sultan added.

Calls for a diversity of energy options to meet the world’s future energy demands

He highlighted the power surge being created by the three global megatrends, and particularly the growth in AI, creating unprecedented demands on power production.

“Before AI took off, power demand was already on track to grow from 9,000 to over 15,000GW by 2035. But with apps like ChatGPT growing by half a billion visits every month and using ten times as much energy as a google search, demand by 2050 could reach as high as 35,000 GW. We are talking about a 250 percent increase.

I am sure you would all agree that no single source of energy can meet this demand.”

HE Dr. Al Jaber outlined the need for a diversity of energy options to ensure energy security and energy access for billions. In this regard he noted the newest addition to Abu Dhabi’s diversified energy portfolio, XRG. XRG is an energy investment company that will help respond to emerging energy needs across the entire value chain, including gas, chemicals, low carbon fuels and diverse energy infrastructure to ensure all energy- electrons and molecules- can get to the end user.

“In a world where a billion people still lack access to energy, we need to have a diversity of energy options. And allow me to be clear, policies and regulations that prematurely reduce those options are just self-defeating. Simply put, we need an and-and approach.

Highlighting the Zayed Sustainability Prize that puts people at the heart of progress

HE Dr. Al Jaber emphasized the importance of placing people at the heart of progress for the benefit of lives and livelihoods as embodied by the Zayed Sustainability Prize.

“The nexus of next means putting people at the heart of progress. It means uniting to address global challenges.

And it means recognizing that no discovery is worth making unless it helps humanity and improves lives. That is what the Zayed Sustainability Prize is all about. Thanks to the Prize, every day, somewhere in the world, a village drinks clean water for the first time. A child is able to study under solar-powered light. A farmer harvests crops from land that was once barren. This continues the legacy of Sheikh Zayed, who believed that the future we are creating is not just about generating power — it’s about empowering people.”

Setting a new path which unlocks growth, driving prosperity and unprecedented economic opportunity

In closing, Dr Sultan appealed for unity in charting a new path and new narrative that unites energy access and sustainability, calling for a new approach and new ways of thinking.

“For too long we have been trapped in a false choice between energy access and sustainability. This ‘either-or’ thinking is paralyzing progress. It is time to change the narrative. The truth is, energy and sustainability are not opposing forces. They are essential partners. The choice is not between two paths – it’s about creating a new path, together. A path that unlocks growth, drives prosperity and unleashes unprecedented economic opportunity. A path that delivers the nexus of next.” 

About Masdar

Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transition and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 31.5 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

For more information, please visit: https://www.masdar.ae and connect: facebook.com/Masdar.ae and twitter.com/Masdar

Photo – https://mma.prnewswire.com/media/2597828/ADSW_2025_Opening_Ceremony.jpg
PDF – https://mma.prnewswire.com/media/2597829/ADSW_Opening_Ceremony__Chairman_s_speech_Eng.pdf
Logo – https://mma.prnewswire.com/media/2591075/5115193/Abu_Dhabi_Sustainability_Week_Logo.jpg
Logo – https://mma.prnewswire.com/media/2514011/5115194/MASDAR_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/dr-sultan-al-jaber-unveils-world-first-247-renewables-project-global-megatrends-call-for-new-path-to-socioeconomic-progress-302350820.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

Published

on

By

YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

View original content to download multimedia:https://www.prnewswire.com/news-releases/northern-hemisphere-heat-drives-demand-for-cooling-and-sun-protection-products-on-yiwugo-302833166.html

SOURCE Yiwugo.com

Continue Reading

Technology

Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

Published

on

By

SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

View original content to download multimedia:https://www.prnewswire.com/news-releases/snorkel-ai-highlights-first-wave-of-open-benchmarks-grants-projects-302833805.html

SOURCE Snorkel AI

Continue Reading

Technology

Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

Published

on

By

Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

View original content to download multimedia:https://www.prnewswire.com/news-releases/payzli-vaults-to-no-3-on-tampa-bays-fast-50-up-from-no-22-in-one-year-302834198.html

SOURCE Payzli

Continue Reading

Trending