Sunday 19 May 2024

The Enercap senior management

Enercap Holdings extends applications to grid storage

DUBAI, April 2, 2024

Enercap Holdings, a leading energy storage technology company founded in Dubai, has extended its applications to grid storage and EV charging infrastructure to add to its growing position in telecom and residential storage. 
Last year, the company achieved major breakthroughs in large scale systems with its first 20MWh order in Abu Dhabi, and a 2MWh storage solution for wind farm deployment in Turkey. 
It experienced significant expansion in telecoms where it crossed 30MWh of deployed capacity as well as in EV charging storage with 4MWh capacity in Saudi Arabia. The firm entered North American and European markets in utility scale and industrial products, and launched high-density ultra-fast charging storage for EV’s with a leading brand in the US.
Electrostatic energy storage
The company’s products are the first non-chemical alternative to Lithium Ion, based on electrostatic energy storage and are game-changers in the energy storage landscape delivering magnitudes better performance proven in all metrics with lower cost, longer lifetime, rapid charging, better safety and total recyclability. 
Waseem Ashraf Qureshi, who serves also as the Chairman of Enercap, spoke about the impact of the company’s products in combating climate change. 
"Our brands represent a leap in energy storage performance delivering exceptional results using elements made from abundant materials and an insignificant environmental footprint. Our products demonstrate consistent performance over their considerable long life and in harsh operating conditions, and I can say with confidence that they will transform the way we store and use energy, thereby accelerating electrification and decarbonatisation to combat climate change.”
Saad Zaman, Chairman, Burj Capital and Executive Vice Chairman Enercap, said: "We are working together as a team to enable Enercap to commercially scale and fulfil the global potential of the technology as a leading energy storage brand.”
Qureshi said: “We are launching our journey from Dubai to the world and we believe our products have a significant role to play in the transition to a more sustainable and efficient energy system. We are excited at the possibilities ahead as we make a meaningful impact in the fight against climate change.
“Being based in the UAE has enabled us to access the human capital and infrastructure available in the UAE and provided the foundation for the continuous development of our technologies. With the UAE leaderships focus on renewable energy and efficiency, and combatting climate change, the environment is conducive for innovators and inventors like us to build solutions to the world’s complex energy problems, at par with global innovation hubs in the US, Europe and Asia.”
Supercapacitor energy storage
Last year, Enercap Holdings successfully launched a series of cutting-edge supercapacitor energy storage products delivering degradation free, longer life and safer alternatives to chemical storage, that are more economical and sustainable, solidifying its position as a leader in energy storage.
Its strategic alliances have expanded, including landmark collaborations with leading institutions in the UAE, US, Turkey, Saudi Arabia and Sri Lanka, which has been instrumental in advancing the company’s growth.
Enercap Holdings continues to develop in community initiatives, focusing on skill development in the energy sector, to foster a new generation of talent.
Despite challenging economic conditions, the company has achieved a 300% increase in revenue, a testament to its robust business model and the trust of its customers and investors.--TradeArabia News Service


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