Innovest forges strategic partnership to power UAE's clean energy
Innovest Holding, a leading sustainable technologies investment firm based in Abu Dhabi, has announced a landmark strategic partnership with Nevada-based energy solutions innovator OXON Technologies.
This collaboration marks a significant step forward in pioneering the next generation of green fuels and accelerating the transition to a cleaner energy landscape in the UAE and beyond.
At its heart, this partnership is driven by a shared vision: to bridge the critical global gap for environmentally-friendly fuel alternatives.
By joining forces, Innovest and OXON Technologies are poised to make substantial progress towards achieving the UAE's ambitious environmental goals, demonstrating a tangible commitment to a more sustainable future.
According to Innovest, the newly formed entity will focus on leveraging advanced technology to promote responsible energy use and achieve radical reductions in carbon dioxide emissions.
This project is not just an initiative; it's an essential component of the UAE's core framework for eco-friendly economic growth and environmental protection – a testament to the nation's dedication to a greener tomorrow, it stated.
"At Innovest, we believe in shaping the future through transformative, sustainable technologies," remarked its CEO Mohammad Mahfouz.
"Our partnership with OXON Technologies to introduce OXONtech demonstrates commitment to clean energy, industrial growth, and environmental impact, aiming to position the UAE at the forefront of green fuel solutions," he stated.
OXON Technologies CEO Andrew Lowenstein said: "We welcome this exciting next step in our two years of development and technology testing and with our UAE partners. This partnership is a testament to our shared vision of sustainable economic growth, technological innovation, and global leadership in environmental responsibility."
"Looking ahead, Innovest is eager to collaborate with leaders in the refinery industry. This project is driven by a profound desire to decelerate climate change, promote sustainable development, and safeguard the energy future for the generations to come," he stated.
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