News DeskDubai, UAE – Enercap Holdings Pte. Ltd., a pioneering energy storage technology firm headquartered in Dubai, proudly announces a year of substantial achievements and sustained expansion. Reflecting on the past twelve months, the company highlights pivotal milestones that underscore its dedication to developing cutting-edge energy storage solutions tailored to meet the demands of the energy transition.
The company’s products, heralded as the first non-chemical alternative to Lithium Ion batteries, rely on electrostatic energy storage, offering a paradigm shift in the energy storage landscape. These innovations deliver unparalleled performance across all metrics, boasting lower costs, extended lifetimes, rapid charging capabilities, enhanced safety features, and total recyclability.
Speaking on the profound impact of Enercap’s products in combating climate change, Waseem Ashraf Qureshi, Chairman of Enercap, emphasized, “Our brands signify a revolution in energy storage, delivering exceptional results through abundant materials and negligible environmental footprints. These products showcase consistent performance throughout their extensive lifespan and under harsh operating conditions, promising to revolutionize energy storage and utilization, thus accelerating electrification and decarbonization efforts.”
Saad Zaman, Chairman of Burj Capital and Executive Vice Chairman of Enercap, expressed his enthusiasm for the company’s progress, stating, “As a cohesive team, we are committed to enabling Enercap to achieve global scalability and realize the full potential of its technology as a premier energy storage brand.”
Highlighting the company’s journey from Dubai to the global stage, Mr. Qureshi emphasized, “We firmly believe our products will play a pivotal role in transitioning to a more sustainable and efficient energy system. The UAE’s conducive environment for innovation, coupled with its focus on renewable energy and combating climate change, positions us as key contributors to global energy solutions, on par with innovation hubs worldwide.”
Key Highlights of the Year:
- Innovative Solutions: Enercap Holdings introduced a series of groundbreaking supercapacitor energy storage products, offering degradation-free, longer-lasting, and safer alternatives to traditional chemical storage methods, solidifying its position as an industry leader.
- Market Expansion: The company expanded its applications to include grid storage and electric vehicle (EV) charging infrastructure, alongside its existing presence in telecom and residential storage. Major breakthroughs were achieved in large-scale systems, with notable projects including a 20MWh order in Abu Dhabi and a 2MWh storage solution for a wind farm deployment in Turkey. Significant expansions were also witnessed in telecom and EV charging storage capacities.
- Strategic Partnerships: Enercap forged strategic alliances with leading institutions in the UAE, US, Turkey, Saudi Arabia, and Sri Lanka, facilitating accelerated growth and innovation.
- Community Engagement: The company continued its commitment to community initiatives, focusing on skill development within the energy sector to nurture a new generation of talent.
- Financial Growth: Despite challenging economic conditions, Enercap witnessed a remarkable 300% increase in revenue, underscoring the resilience of its business model and the trust placed in it by customers and investors alike.
Enercap Holdings Pte. Ltd. remains steadfast in its commitment to revolutionize the energy storage landscape, driving sustainable solutions for a brighter, greener future.
