Money and business

Sultan Al -Jaber participates in "World Energy Forum for the Atlantic Council" Washington

Washington, June 18 / WAM / His Excellency 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 CEO of XRG, confirmed that the UAE, and thanks to the vision of the wise leadership, has succeeded in establishing its leading position globally through the approach to enhancing international cooperation and building strategic partnerships that contribute to creating a better future for humanity, especially in the fields of technology Advanced.

His Excellency pointed to the need for the concerted efforts of energy, technology, finance and policies efficiently and effectively to take advantage of the important and exceptional investment opportunities provided by artificial intelligence.
This came in his speech at the ninth session of the “World Atlantic Energy Forum”, which is held in the American capital, Washington, in the presence of a number of the most prominent political officials and energy sector leaders.
His Excellency Dr. Sultan Al -Jaber said that artificial intelligence constitutes the next stage of human development, stressing that meeting its requirements requires a qualitative shift in the energy sector policies and investments and its infrastructure, and that superiority in the field of artificial intelligence goes beyond the development of its software and cores and depends on providing the energy it needs, pointing out that every progress witnessed by the solutions and tools of artificial intelligence requires consumption of more energy, and that the global energy system Not ready for this at the present time, and that the United States of America needs a new electricity supply of 50 to 150 GW by 2030 and according to the power source used to generate it, which is equivalent to the total consumption of dozens of major cities.
He pointed to the comprehensive road map to deal with this challenge, which was placed in partnership between “XRG”, “MGX” and “Atlantic Council” and included recommendations to accelerate the issuance of licenses, modernize networks, and implement strategic investments in gas, nuclear energy and renewable energy sources, stressing that the development and operation of future technology cannot be done by relying on old electricity networks.
He added that the delay in issuing the necessary licenses and the challenges of supply chains hinder access to the required results in this field, pointing to the need to develop supportive policies for progress, and the importance of benefiting from the great opportunities available by adopting the partnership approach, explaining that following this approach contributed to strengthening the strong and comprehensive relationship that links the UAE to the United States across the various sectors.
He said: “The United States is among our priorities and for us a basic investment destination, and American companies are one of the largest oil privileges partners in the UAE, where they invest effectively in exploration, development and production, and also in refining, manufacturing and marketing. Emirati companies cooperate with American companies in 18 states through 50 facilities, in various areas of energy from gas and chemicals, to the infrastructure of the energy sector And its solutions.
And he added: “XRG is a key partner in the largest LNG facility in Texas, by producing chemicals specialized throughout the United States, and the operational capacity of Abu Dhabi Renewable Energy Company increased to 5.5 GB in various American territory, and this is only the beginning, and for more contribution to achieving our ambition, we recently opened a joint office for each of “XRG” and “Masdar” in Washington, DC.
He explained that any new data center can consume the same amount of electricity consumed by a city the size of Pittsburgh, and that meeting this demand represents a technical challenge, as well as an important and exceptional investment opportunity that requires achieving a comprehensive qualitative shift in which the efforts of the energy, technology, financing and policy sectors combine, and work together in a harmonious and effective manner.
He pointed out that meeting the needs of giant data centers require a significant increase in energy supply, and the benefit of reliable energy sources such as gas and nuclear energy to secure the basic load, as well as from renewable energy supported by the capabilities needed to store it.
He noted the importance of achieving fundamental progress in new technologies such as “small standard reactors” and “integration energy”, and also called for adopting a realistic and practical approach, which includes stopping the early closure of the current energy stations, in conjunction with the reactivation of nuclear energy.
He stressed the urgent need to develop the electricity network system, in light of the possibility of a waiting time to hand over some of the main components of networks, such as transformations, three years, explaining that the reason for this delay is not limited to supply chains, but rather is one of the basic challenges of industrial growth. And that taking advantage of the opportunities to develop electricity networks requires speeding up the issuance of licenses, rehabilitating the workforce, and reducing the risk of capital.
His Excellency Dr. Sultan Al -Jaber added: “The technology sector operates according to a quarterly framework frameworks, while the energy sector works according to decades -long frameworks. We must address this gap by reducing the risk of large capital investments, developing policies that support progress and not delay it. At the present time, there is a planned production capacity around the world of 2,600 GB need to be connected to networks, and we must remove obstacles in front of Implementation of this expansion. ”
He pointed out that the generation of electricity is one aspect of the equation, as its delivery to the end user adds another level of complexity, stressing the need to train a million electrician technicians wanted to operate electricity networks in the twenty -first century, and to achieve the maximum possible benefit from the capabilities of artificial intelligence to contribute to raising the efficiency of energy systems management.
He touched on the current situation in the region and its impact on regional peace and energy security, and stressed that the UAE will always remain supporters of dialogue and diplomatic solutions to resolve conflicts and reduce escalation, and called on all parties to control and respect the sovereignty of states and adhere to international law.
At the end of his speech, His Excellency Dr. Sultan Al -Jaber called for strengthening areas of cooperation to benefit from the tools and solutions of artificial intelligence and the promising economic opportunities he provides. He said that “the maximum benefit from the full capabilities of artificial intelligence requires the provision of the necessary electricity supplies to it, and this begins by preparing an integrated road map, whose steps can be applied at the local level and expanding the scope of its spread globally. We also need to develop supportive policies, develop an infrastructure that suits the required loads, and implement investments that keep pace with the requirements of the current stage.”
His Excellency added that artificial intelligence and energy twins contribute to the progress of humanity, and two motors pushing the wheel in one direction to accelerate the launch towards the future.
It is noteworthy that the speech of His Excellency Dr. Sultan Ahmed Al -Jaber came a day after the second session of the “Enact” council in Washington, which brought together leaders of the energy, technology, financing and government work sectors, to develop a joint work agenda across the sectors to meet the significant increase in the demand for energy resulting from the growth and development of artificial intelligence, accelerate investment in the infrastructure of the sector, and providing urgent and comprehensive solutions wide -ranging across the entire system.
Based on the council’s discussions, a new road map has been developed to take the required measures through the concerted efforts of the sectors concerned under the title: “Supporting the next stage of human progress”, reviewing the opportunities and integrated solutions needed to address the urgent increase in the demand for energy resulting from the rapid growth of data centers used by artificial intelligence, in addition to directing long -term investments towards building a more intelligent, flexible and efficient energy system.
The road map is also focused on a number of practical methodologies along the value chain of energy, investment opportunities and the required policies, many of which depend on artificial intelligence tools and solutions, and this includes enhancing the current production capacity of energy, updating and expanding the infrastructure of electricity networks, managing motivations in support of demand, choosing strategic locations for new data centers, and accelerating the adoption of the techniques of the following generation.

The road map also emphasizes the need to take effective measures across the entire system to ensure full benefit from the qualitative capabilities of artificial intelligence.

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