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UAE energy startups in the first half of 2024 attracted US$30 million, which is more than the amount for 2023 (US$24 million). This is reported by
Arab News with reference to the data from the International Energy Agency.
IEA analysts noted that companies involved in energy storage and battery production received the largest share of the total funding, at around 33.3 per cent, followed by operators of solar energy facilities at 25 per cent. Wind energy firms accounted for 8.3 per cent of total funding.
The report also said that by the end of 2023, the total…
