The agreement, signed at DOE by US Deputy Secretary of Energy Daniel Poneman and Dr Sultan Ahmed Al Jaber, CEO of Masdar, builds on the ties between the US and the UAE to establish a framework for cooperation in three key areas – carbon capture and sequestration, water and bio-fuels, and building technology.

The agreement opens the door for scientific and technical exchanges and joint research and development of clean energy technologies.

Maurice Stone, president of National Clean Fuels, said: “These types of collaborative agreements pave the way for the clean fuels industry to profit from mutual cooperation. We see this as a very good sign for NACF; validating our teaming efforts with our own clean fuel investments.”

Established in April 2006, Masdar is engaged in advancing the development, commercialization and deployment of renewable energy solutions and clean technologies. Masdar integrates the full renewable and clean technology lifecycle – from research to commercial deployment – with the aim of creating scalable clean energy solutions.

Masdar works with global partners and institutions to integrate new research with proven technologies to produce efficient systems and processes that can be replicated globally.