20 May 2018 2018 09:23 AM GMT

Masdar City To Test Latest Concepts In Autonomous Electric Vehicles

ICONIQ Motors, a China-based electric vehicles company, and its strategic partner Safe City Group has signed a Memorandum of Understanding to test the latest autonomous driving concepts at Masdar City. The ICONIQ SEVEN, one of the world’s latest EV models, was on display at Abu Dhabi Sustainability Week (ADSW). The futuristic ICONIQ SEVEN built on an intelligent, connected vehicle platform integrated with Microsoft’s AZURE cloud technology, is set to hit the market in 2019. ICONIQ is also displaying its L5 autonomous driving concept at ADSW. As part of the collaboration, the L5 autonomous prototype will undergo extensive testing at Masdar City during 2018.

“Masdar City has put smart and sustainable mobility at the centre of its strategy, as highlighted by the historic success of its flagship driverless Personal Rapid Transit (PRT) system,” said Yousef Baselaib, Executive Director of Sustainable Real Estate at Masdar.” Masdar City is the ideal location to test innovative autonomous driving concepts. We are excited to partner with ICONIQ to support the advancement of autonomous mobility.”

Bruno Lambert, Chief Executive Officer of ICONIQ Motors, said: “We are delighted to be a part of Abu Dhabi Sustainability Week this year and excited to be collaborating with Masdar City in the development of ICONIQ’s L5 autonomous vehicle.”

“We will fill the need in the automotive market for premium-positioned electric vehicles that deliver truly exceptional passenger experiences through state-of-the-art technology,” he added. “Our plan is to deliver the first L5 vehicle fleet for the Dubai World Expo in October 2020, and we’re aiming to go into mass production at the end of 2023 when infrastructure and regulations are likely to be ready for fully autonomous vehicles” ICONIQ Motors, a Tianjin, China based pure electric vehicle company, was founded by Alan Wu together with Ralph Debbas, CEO of W Motors.

Photo: Courtesy of Masdar City and ICONIQ Motors

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Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

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Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

August 12th 2019
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

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