Switzerland-based Smartenergy opens new office in ADGM

By Arya M Nair, Official Reporter
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Smartenergy opens office at ADGM
Rep.Image | Courtesy: Smartenergy

Smartenergy has obtained a Commercial Licenses from the Registration Authority of Abu Dhabi Global Market (ADGM) and officially opened new office in the financial hub of Abu Dhabi on Al Maryah Island. 

This step marks a significant milestone within its ambitious growth strategy. The Swiss company gains access to new global financial markets, enabling it to further scale its renewable energy investment strategy. 

Smartenergy’s entry into the region is not just timely but critical. With green hydrogen currently representing a small fraction of total hydrogen production, there’s a pressing need for substantial investments in renewable infrastructure and innovative solutions for hard-to-abate industries as well as the aviation and maritime sectors.  

Horst Mahmoudi_Smartenergy opens office at ADGM
Horst Mahmoudi
CEO & Executive Chairman

“Our venture into the UAE is a strategic decision to place Smartenergy at the nexus of the world’s emerging new energy hubs. Under its visionary leadership, the UAE is spearheading the worldwide push towards clean and renewable energy. We are committed to supporting these initiatives by catalyzing green molecule markets.” 

João Cunha, Chief Operating Officer and Deputy CEO of Smartenergy, stated that, “ADGM, as a leading global financial center, offers Smartenergy an optimal infrastructure and environment to explore new horizons, helping us to create a bridge between continents to capitalize on the emerging opportunities offered by the current renewable energy market.” 

The official inauguration of the Smartenergy office in ADGM took place on 17 April, together with the launch event of the New Energy Investor Summit Middle East, a platform bridging the gap between capital and projects in the EU and MENA by gathering investors and project developers committed to decarbonize aviation, industry and the maritime sector. 

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