Defence firm pushes into energy security



BREST // DCNS, a French defence contractor, traces its history to 1631, when Cardinal Richelieu set up the navy's first shipyard.

The companybuilds nuclear submarines and battleships for military forces around the world. But recently it has turned towards another kind of security.

"The need for energy in the world is growing," says Marc Falhun, the purchasing manager at DCNS's technology incubator near the port at Brest in Brittany. "Fossil fuels … [such as oil] are more and more expensive."

That is why his company is investing €40 million (Dh207.8m) in wind turbines that float at sea and more millions in other experimental forms of clean energy - all part of an effort to remain a leading exporter of hard-to-build technology.

The company, which is owned by the French government, works in partnership with companies such Ireland's OpenHydro, creates designs for DCNS to commercialise and build. The devices are destined for customers as wide-ranging as EDF, a French energy company, and the government of Martinique.

"These clients have nothing to do with our historic clients," Mr Falhun says.

The addition of renewable energy to DCNS's portfolio is in part an insurance plan for the future, because its core market - the French military - is "stable or going down", says Mr Falhun.

Among the technologies DCNS is developing is a floating power plant that exploits the difference between warm water at the sea's surface and the cool water below to produce energy or power desalination systems. If the company can find the right conditions, it hopes to sell such devices to the Gulf region too.

"It can offer some energy independence to some countries who are dependent today on other countries," says Mr Falhun. "And the resources will never perish, because it's wind and tides."

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5