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10/28/24, 3:36 PM Three New Renewable Energy Technology-focused Businesses Join The UAE's NextGenFDI Initiative
Three new Renewable Energy
Technology-focused Businesses
Join the UAE’s NextGenFDI
Initiative
EDITOR OCTOBER 16, 2024 1 MIN READ
Three clean energy technology companies from China and the US have joined the
NextGenFDI program, according to the Ministry of Economy’s announcement
today. This highlights the UAE’s position as a hub for innovative businesses and
ideas.
The businesses, which focus on cutting-edge generating and storage solutions, will
help the UAE achieve its clean energy objectives and facilitate its shift to a low-
carbon, more sustainable economy.
Enerflow, a vanadium flow battery technology specialist, is promising to extend the
lifecycles of rechargeable batteries used in clean energy storage from four to ten
https://businessmagazineuae.com/three-new-renewable-energy-technology-focused-businesses-join-the-uaes-nextgenfdi-initiative/ 1/2
