The Partnership for Accelerating Clean Energy

A Shared Vision for Climate Action and Energy Security

The UAE and US are taking climate action together, in line with their net zero 2050 goals. Both countries recognize that a rapid, sustainable and well-managed energy transition is critical to advancing climate change, as well as to enhancing global energy security and accessibility.

Building on five decades of energy cooperation, the UAE and US established PACE to promote projects and new technologies that will quicken the energy transition and create economic opportunities. The initiative facilitates bilateral cooperation and commercial agreements in 1) Clean energy innovation, deployment and supply chains; 2) Carbon and methane management; 3) Nuclear energy; and 4) Industrial and transport decarbonization.

Expanding Renewable Energy

• In September 2024, UAE clean energy company Masdar announced the closing of its acquisition of a 50% stake in Terra-Gen, one of the largest independent renewable power producers in the US. This deal expands Masdar’s US renewables portfolio to nearly 2 GW of solar, wind and storage projects across California, Texas, New Mexico and Nebraska.
• Working with the US Government’s Power Africa initiative, UAE-based Averi Finance and AMEA Power will mobilize $10 billion, build 8 GW of renewable energy and connect 500,000 homes in sub-Saharan Africa to advance clean energy solutions.

Reducing Emissions

• In September 2024, ADNOC announced 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 per year, enabling the transition to cleaner fuels in hard-to-abate sectors.  
• In August 2023, ADNOC and Occidental signed a strategic collaboration agreement to evaluate potential investment opportunities in carbon dioxide capture and storage hubs in the UAE and US. With the help of PACE, both companies will work to develop carbon management platforms to accelerate net zero goals.
• As two of over 155 participants in the Global Methane Pledge, the UAE and US will accelerate their respective domestic methane reductions, undertake methane abatement and identify appropriate financing for methane reduction.

Investing in Advanced Technologies

• Carbon recycling company LanzaTech Global and Abu Dhabi Waste Management Company Tadweer are collaborating on a Waste-to-Sustainable Aviation Fuel (SAF) feasibility study to scale SAF production from municipal and commercial solid waste.
• The Emirates Nuclear Energy Corporation (ENEC) and US SMR developer X-energy are partnering on the advancement of nuclear energy technologies.
• Plynth Energy, an Abu Dhabi government-owned early-stage fund, invested in the US company Zap Energy, which plans to build scalable and commercially-viable fusion energy.