Dubai-listed district cooling company Empower said it is “100% prepared” for the summer with “proactive plans” to be ready for the annual surging demand during hot weather.
The company has reported massive growth, with an increase of 41% in buildings using its services last year, and now supplies more than an 80% of the emirate’s district cooling market.
Empower, which listed on Dubai Financial Market (DFM) in November, said it supplied 1,463 buildings across the emirate by the end of 2022.
“In order to meet the peak demand in the summer, Empower successfully completed various measures that focused primarily on developing the district cooling infrastructure in Dubai, including expanding the pipeline network and implementing Thermal Energy Storage (TES) systems, semi-permanent plants and heat exchangers, and many others,” the company said in a DFM statement.
Ahmad bin Shafar, CEO of Empower, said: “Energy consumption during the summer remarkably doubles as air conditioning consumes 70% of the total electrical supplies to buildings in the region.
“However, thanks to our most advanced technologies, Empower’s district cooling systems reduce up to 50% of electricity consumption compared to traditional cooling systems.”
Empower is likely to see soaring demand over the next decades with the expectation that Dubai’s population will grow to 5.8 million by 2040.
Like all Gulf destinations, the city’s population reduced during the COVID-19 pandemic but has since grown to cross the 3.55 million mark as of the end of 2022.
(Reporting by Imogen Lillywhite; editing by Seban Scaria)