The government of Abu Dhabi, through the Mubadala Development Company, has established the Zayed Future Energy Prize with a prize fund of $2.2 million annually to honour individuals, companies, NGOs and organisations for their excellence in the innovation, development and implementation of sustainable energy solutions.

The winner of the Prize will receive $1.5 million and two additional finalists will each be awarded $350,000 each to further develop their ideas and ambitions.

The inaugural prize will be awarded in 2009 under the auspices of Masdar, Abu Dhabi’s multi-faceted, multi-billion dollar investment in renewable and alternative energy.