Renewable energy firm Rubenius, sets up in Dubai
The company has been operating in the UAE for more than five years
Rubenius, an alternative energy and smart grid enabler, has moved to Dubai to set up its head office for global operations.
The company has been operating in the UAE for more than five years and promoting the application of urban grid-scale energy storage systems. Energy storage contributes to renewable energy by getting rid of the need for conventional back-up systems.
Rubenius’ next step is to set up a US$4 billion, 1 GW energy storage system, called Energy Warehouse Number 1, in Mexico and follow it up with similar systems in Brazil, Russia, China, India, South Africa and several other emerging economies around the globe.
“Dubai’s business friendly environment and incentives, such as full exemption from income and corporate taxes, high-tech facilities and infrastructure, as well as a dynamic real estate sector offering family-oriented conveniences were also major factors that influenced our decision,” said Claus Rubenius, chairman, Rubenius.
“The move to Dubai has already paid off well. The company expects its location will be one of the strategic factors for its success. With the alternative and renewable energy movement gaining momentum in the country, it is possible that, after oil, green energy and clean water become the next big exports of the UAE to the world. Rubenius is pleased to be part of this prospect,” he added.
Commenting on the move, His Excellency Fahd Al Gergawi, CEO of Dubai FDI, the Foreign Investment Office part of the Department of Economic Development (DED) in Dubai said this initiative is in line with UAE vision to become a global leader in the alternative energy sector.
“Energy-efficient and clean technologies are fast moving up priority lists worldwide. Dubai and the UAE are leading the region in embracing and advocating smart energy choices. RUBENIUS choosing Dubai as the ideal platform to develop and export its capabilities means Dubai is acquiring new competencies and the capacity to bring strategic investments to other countries, while being a preferred investment destination,” said Al Gergawi.