Empower reports a 54% increase in district cooling consumption over the past five years
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Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling service provider, has announced a record 54% increase in the consumption volume of its district cooling services (cooling tons per hour-RTh) over the past five years. Only in 2023 was the increase 16% compared to 2022.
It is worth mentioning that to empower Dubai district cooling market share has surpassed more than 80% by the end of 2023, as increasing annual consumption rates of its district cooling services in Dubai are one of the biggest drivers of sustainable revenue and profitability.
Demand drivers
Authorize attributed the notable growth in demand for its services in several areas of Dubai to high occupancy rates in existing real estate projects and a significant increase in new mixed-use projects added to its portfolio. District cooling systems contribute to economic and environmental benefits by combating climate change, reducing carbon emissions, preserving natural resources and reducing energy consumption, in addition to their positive impact on living and business costs.
Well-appointed
“In accordance with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, for comprehensive and sustainable development in Dubai, we continue to boast of our ability to production and increasing efficiency.”
saying HE Ahmad bin Shafar, CEO of Empower. He added,
“Empower continues to expand the scope of its services and develop its unique business model to further fulfill its vital mission of providing environmentally friendly district cooling services in Dubai and contribute to protecting the resources, environment and climate in the United Arab Emirates and around the world.
Diversified portfolio
During 2023, Authorize provided district cooling services to a total of 1,527 buildings, in various sectors of the Emirate of Dubai. 66% of the total number of buildings served by Authorize They are residential buildings and 14% are commercial and office buildings. The hotel and hospitality sector represents 13%, the health sector 2% and the remaining 5% is distributed between education, entertainment, shopping centers and other sectors. Empower continues to expand its district cooling network, which has proven to be the best environmentally friendly solution for air conditioning.
News source: Dubai Press Office
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