Tuesday 23 July 2024

Sheikh Mohamed presents the award to Yamada.

Panasonic wins Zayed Future Energy Prize

ABU DHABI, January 20, 2015

Panasonic Corporation has won the 2015 Zayed Future Energy Prize, an award established by the UAE government and managed by Masdar, in the Large Corporation category.

HH General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, presented the prize to Yoshihiko Yamada, executive vice president and member of the board of Panasonic Corporation, at the awards ceremony held in Abu Dhabi on January 19.

The annual $4 million prize recognises companies, organisations, schools and individuals across the world that have made significant contributions to the future of renewable energy and sustainability.

In its seventh year, the prize awarded nine winners for their outstanding achievements in advancing renewable energy and sustainability worldwide. Other winners included: M-KOPA Solar for the SME category; Liter of Light in the NPO category and former US Vice President Al Gore for his lifetime of achievements.

Five schools, from five global regions, each received $100,000 to fund their proposed sustainability projects. The winners were: Munro Academy from the Americas region; Petru Rare National College representing Europe; Waterford Kamhlaba United World College of Southern Africa (UWCSA) from Swaziland and representing Africa; Addu High School of Maldives for the Asia region; and Melbourne High School in Australia representing Oceania.

Panasonic won recognition for a long-standing commitment to social, economic, and environmental sustainability throughout the company’s operations. The company is best known in renewable energy as the perennial world record holder for solar PV cell efficiency and expanding the market opportunity for solar worldwide.

In the SME category, M-KOPA Solar was awarded $1.5 million for its innovative approach to deploying solar electricity to rural villages in Kenya and Uganda, delivering access to affordable energy to rural communities that need it most. To date, the company has sold more than 100,000 solar home systems.

Social enterprise, Liter of Light was awarded $1.5 million in the NPO category. Using recycled plastic bottles, water and bleach to create solar lanterns, the small volunteer group, established as part of the relief efforts during the aftermath of Typhoon Haiyan, has expanded to 15 countries, and has installed lanterns in more than 350,000 homes.

Former US Vice President Al Gore is the fourth recipient of the Zayed Future Energy Prize Lifetime Achievement award. Gore was recognised for his unwavering personal and political commitment to raise international awareness about the dangers of climate change, while reinforcing optimism that the global community can successfully tackle the challenge.

Since 2009, the Zayed Future Energy Prize ambassadors have positively impacted the lives of over 150 million people - delivering clean drinking water, electrifying rural areas, educating the next generation and creating hundreds of sustainable jobs.

“It is a great honour to receive the 2015 Zayed Future Energy Prize,” said Panasonic executive vice president Yoshihiko Yamada at the award ceremony. “Since our foundation, we have endeavoured to stay true to our management philosophy, to contribute to the progress and development of society through our business activities and a sustainable future. With our 100th anniversary on the horizon in 2018, we will further expand our efforts so that we may serve customers in a wide range of industries such as home appliances, housing, and automotive to bring to life our brand slogan, ‘A Better Life, A Better World’.” - TradeArabia News Service

Tags: Panasonic | Zayed Prize |

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