Global environmental challenges
Hara, a Silicon Valley startup that makes environmental and energy efficiency software, has signed a deal to provide its technology to the state-run Abu Dhabi Water and Electricity Authority.
The company on Monday said its technology will be used to monitor and manage the energy use of some 200,000 businesses and homes in Abu Dhabi. The water and electricity authority serves 1.4 million customers.
Hara, backed by venture capital firm Kleiner Perkins Caufield & Byers, claims Abu Dhabi will save $3 billion in costs over the next decade, forestalling the need to build several 500-megawatt natural gas-fired power plants.
Terms of the deal were not disclosed, though Hara, based in San Mateo, Calif., described it as a “multi-year, multi-million dollar” agreement.