Ras Al Khaimah Energy Efficiency & Renewables Strategy 2040 has been established to support the competitiveness of Ras Al Khaimah by improving energy and water efficiency and increasing the share of renewables in the generation mix. As part of this strategy, Ras Al Khaimah Municipality is organising an innovation competition for start-ups and SMEs whose solutions can support in shaping our clean energy future! The competition will provide a platform to showcase innovative solutions and connect with key government and industry players in the UAE.
The objective of the competition is to attract leading start-ups and SMEs to propose their solutions addressing specific energy challenges in Ras Al Khaimah applicable to the broader MENA region.
1) Energy Management: Implementation of energy management systems and processes for organisations and/or households. This includes innovative equipment and methods for data gathering, analysis, operation and control of energy and water consuming assets. The challenge covers not only advanced solutions for large industrial and commercial buildings but also low-cost smart solutions for residences.
2) Industrial Efficiency: Solutions for the industrial sector that allow higher returns on investment than conventional solutions, such as waste heat recovery from low temperature sources (e.g. below 300℃), alternative fuels, digitisation or electrification.
3) Decentralised Energy Systems: New generation, distribution and/or storage solutions that reduce energy costs and/or increase service levels for the provision of electricity and water for buildings and/or mobility. Ideal customers of these solutions should be end-users as opposed to utilities.