UAE-US: The Trillion Dollar Economic Partnership

In 2019, Masdar acquired a 50 percent stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau project includes a 128-megawatt (MWac) photovoltaic (PV) solar plant and a 40 MW/160 MWh battery energy storage system. It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner on, with a combined capacity of 1.6 gigawatts (GW).

Masdar developed and operates the Desert Harvest 1 and Desert Harvest 2 PV projects. Together, the projects feature more than 500,000 First Solar panels. (2020)

In 2024, UAE clean energy company Masdar invested a 50% stake in Terra-Gen, one of the largest independent renewable power producers in the U.S. This acquisition enhances Masdar's U.S. renewables portfolio by adding over 3.8 GW of wind, solar, and battery storage projects, including 5.1 GWh of energy storage facilities. These projects are spread across 30 renewable power sites throughout the US, primarily in California and Texas.

In 2024, UAE clean energy company Masdar invested a 50% stake in Terra-Gen, one of the largest independent renewable power producers in the U.S. This acquisition enhances Masdar's U.S. renewables portfolio by adding over 3.8 GW of wind, solar, and battery storage projects, including 5.1 GWh of energy storage facilities. These projects are spread across 30 renewable power sites throughout the US, primarily in California and Texas.

In 2024, UAE clean energy company Masdar invested a 50% stake in Terra-Gen, one of the largest independent renewable power producers in the U.S. This acquisition enhances Masdar's U.S. renewables portfolio by adding over 3.8 GW of wind, solar, and battery storage projects, including 5.1 GWh of energy storage facilities. These projects are spread across 30 renewable power sites throughout the US, primarily in California and Texas.

In 2014, Gulftainer signed a 35-year agreement to operate a terminal at Port Canaveral, Florida, which now functions as a cargo facility for the US space industry.

In 2020, Mubadala has invested $150 million in Enviva, the world’s largest producer of industrial wood pellets. The investment helps utilities around the world replace coal and other fuels in the transition to a low-carbon future.

In 2013, Taqa Global invested in the Lakefield wind project, which generates enough sustainable energy to power more than 60,000 homes.

In 2024, Emirates Global Aluminum acquired an 80% stake in Spectro Alloys, a leading recycled aluminum producer in the United States. The company has an annual production capacity of 240 million pounds of aluminum foundry alloys.

Announced in 2009, GlobalFoundries is Mubadala’s largest investment and represents the biggest private investment in New York State's history. As the world's second-largest semiconductor chip manufacturer, GlobalFoundries operates its Fab 8 facility in Saratoga County, New York, employing nearly 3,000 individuals and supporting an additional 15,000 indirect jobs in the area. (Ongoing)

In 2024, Phoenix Group, a company listed on the Abu Dhabi Securities Exchange and one of the world's leading bitcoin miners, has inaugurated its 50-megawatt cryptocurrency mining facility in North Dakota. The company already operates a facility in South Carolina.

In 2024, Phoenix Group, a company listed on the Abu Dhabi Securities Exchange and one of the world's leading bitcoin miners, has inaugurated its 50-megawatt cryptocurrency mining facility in North Dakota. The company already operates a facility in South Carolina.

Announced in 2020, Kohlberg & Company, a private equity firm, and Mubadala, Abu Dhabi's state investor acquired a controlling stake in PCI Pharma Services, a U.S.-based pharmaceutical outsourcing company, from Partners Group. Headquartered in Philadelphia, PCI Pharma Services offers a comprehensive range of integrated pharmaceutical supply chain solutions, from the earliest stages of drug development to its commercial launch.

In 2019, Masdar made its first investment in renewable energy projects in North America by acquiring John Laing Group plc’s stake in wind farms in the United States. The 149MW Rocksprings project, commissioned in 2017 generates enough power to supply 69,750 homes annually and offsets 285,624 tons of CO2 emissions per year. Sterling generates 29.9MW of electricity.

In 2019, Masdar made its first investment in renewable energy projects in North America by acquiring John Laing Group plc’s stake in wind farms in the United States. The 149MW Rocksprings project, commissioned in 2017 generates enough power to supply 69,750 homes annually and offsets 285,624 tons of CO2 emissions per year. Sterling generates 29.9MW of electricity.

In 2024, UAE energy company ADNOC has announced the acquisition of a 35% stake in ExxonMobil's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. The facility aims to produce up to approximately 900,000 tons of low-carbon ammonia annually, facilitating the transition to cleaner fuels in hard-to-abate sectors.

In 2024, ADNOC acquired an 11.7% stake in Phase 1 of NextDecade Corporation’s Rio Grande LNG project in Texas, which aims to produce less carbon-intensive LNG. Additionally, ADNOC and NextDecade have entered into a 20-year LNG agreement for 1.9 million tons per annum from RGLNG Train 4, indexed to Henry Hub prices and subject to a Final Investment Decision.

Mubadala co-invested with Vista Equity Partners LLC in the $8.4 billion acquisition of Avalara Inc., a tax compliance software company. Avalara’s tax compliance automation software solutions utilize over 1,200 signed partner integrations across leading ecommerce, ERP, and other billing systems.

Emirates has been a constant buyer of Boeing planes; one notable purchase was in 2023 when Emirates made a $52 billion dollar purchase of aircraft during the Dubai Airshow. Its low-cost sister airline, FlyDubai, followed up with an $11 billion order for 30 Boeing 787-9 Dreamliners, the first wide-body aircraft in its fleet.

Emirates has been a constant buyer of Boeing planes; one notable purchase was in 2023 when Emirates made a $52 billion dollar purchase of aircraft during the Dubai Airshow. Its low-cost sister airline, FlyDubai, followed up with an $11 billion order for 30 Boeing 787-9 Dreamliners, the first wide-body aircraft in its fleet.

Inari, a Massachusetts startup focusing on seed technology for large-acre crops, raised $144 million in its recent funding round. Significant investments from the Abu Dhabi Investment Authority (ADIA) are working to push Inari to scale their operations and push them closer to their goal of improving crop yields.

In 2024, Joby Aviation penned an agreement with Dubai’s Road and Transport Authority (RTA), granting the Californian company exclusive rights to operate their all-electric vertical-take-off-and-landing (eVTOL) air taxis in Dubai for 6 years. With the partnership, RTA’s strategic investments in Joby Aviation will help Joby to scale their operations.

Archer Aviation was tapped as the primary aircraft manufacturer for Abu Dhabi’s planned electric air taxi operations. In partnership with key partner Abu Dhabi Investment Office (ADIO), the collaboration will commercialize Archer Aviation’s all-electric vertical-take-off-and-landing (eVTOL) air taxis, setting the stage for larger global adoption of the US-aviation company’s air taxi.

In 2023, ADNOC awarded Houston-based battery producer Revterra $1 million for winning the ADNOC Decarbonization Technology Challenge. The funding helped Revterra scale their operation, expanding production of the company’s sustainable batteries made from recycled steel. ADNOC is working to deploy Revterra’s product across their vast energy operations.

The Wyoming oil tool and manufacturing design firm signed a distribution agreement with the UAE, facilitating exports and collaboration between the two entities.

In 2023, Emirates placed an order of 200+ GE9X engines, bringing the Emirates’ total number of GE9X engines to 460. The GE9X, developed and tested in Peebles, Ohio, is the exclusive engine for the Boeing 777X. The order will support Emirates’ all-Boeing fleet and expand GE Aerospace’s long-term service agreement with the airline.

Mubadala-owned NOVA Chemicals operates two primary polyethylene production sites in Connersville, Indiana and Geismar, Louisiana employing over 250 people.