Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation PJSC

Pressreleases, Reports and Disclosures for Emirates Central Cooling Systems Corporation PJSC

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) has begun excavation and foundation work for a new district cooling plant at Dubai Science Park. This development is part of Empower's expansion strategy to address the increasing demand for eco-friendly cooling services in Dubai. The plant will have a cooling capacity of approximately 47,000 refrigeration tons, servicing nearly 80 mixed-use buildings. It is a key addition to Empower's infrastructure, supporting the growth of Dubai Science Park, a hub for science, technology, research, and innovation. The project emphasizes Empower's commitment to sustainable and efficient cooling solutions, utilizing advanced technologies such as thermal energy storage, treated sewage effluent, and AI-enabled smart systems to optimize efficiency and reduce resource consumption.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, will participate in Airport Show 2026, held from October 12 to 14 at the Dubai World Trade Centre. The event, under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, will bring together key aviation industry stakeholders to explore innovations for efficient and sustainable airports. Empower, the sole provider of district cooling services to Dubai International Airport, will highlight its expertise in sustainable cooling solutions, emphasizing energy efficiency, service reliability, and reduced environmental impact. Empower's participation underscores its role in supporting Dubai's aviation sector, following its 2023 acquisition of the airport's cooling assets. The company aims to demonstrate how district cooling can support sustainable airport development and operational efficiency.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the largest district cooling services provider globally, has announced its strategic sponsorship of the 28th Water, Energy, Technology, and Environment Exhibition (WETEX 2026) in Dubai. The event, organized by the Dubai Electricity and Water Authority, will take place from October 20 to 22, 2026, at the Dubai World Trade Centre. Empower's sponsorship highlights its dedication to innovation and sustainability in the energy sector and its aim to build valuable partnerships through global platforms. At WETEX, Empower will present its latest district cooling technologies and achievements in energy efficiency, carbon emission reduction, and infrastructure development. CEO Ahmad Bin Shafar emphasized the company's commitment to supporting the UAE and Dubai's green economy vision and the importance of WETEX as a platform for collaboration and innovation in sustainability.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), a major district cooling services provider, announced a decision to distribute AED 437.5 million in interim cash dividends to shareholders for the first half of 2026. This equates to 4.375 fils per share and represents 43.75% of the company's paid-up capital. The distribution aligns with Empower's commitment to sustainable and predictable shareholder returns, maintaining its semi-annual dividend distributions since listing on the Dubai Financial Market in November 2022. For 2026, Empower plans an annual dividend distribution of AED 875 million. The company reported a revenue increase of 4.5% year-on-year to AED 1.519 billion, with net profit after tax rising by 16.2% to AED 468 million. Since its listing, Empower has paid approximately AED 3.01 billion in cumulative cash dividends, which will rise to about AED 3.45 billion upon the payment of the H1 2026 dividend. The strong financial performance supports these distributions while allowing continued investment in business growth.

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Dubai Financial Market News
Disclosure: Results of Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, announced its commitment to supporting Dubai's sustainable tourism and hospitality growth by providing efficient district cooling solutions. By the end of 2025, Empower served 24% of Dubai's 827 hotel and hotel apartment facilities, highlighting the sector's reliance on sustainable cooling. Empower's portfolio includes prominent hotels and resorts like Jumeirah Marsa Al Arab and Atlantis The Palm. CEO Ahmad Bin Shafar emphasized the role of district cooling in enhancing energy efficiency and sustainability, contributing to Dubai's competitiveness as a global tourism destination. Empower plans to continue developing advanced cooling infrastructure to support the sector's growth and evolving technological needs.

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Dubai Financial Market News
Disclosure: Press release

The Consul General of Kuwait, Khaled Abdulrahim Al-Zaabi, visited the headquarters of Emirates Central Cooling Systems Corporation (Empower) in Dubai, where he met with Empower's CEO, Ahmad Bin Shafar. During the visit, they discussed potential cooperation and knowledge exchange in the district cooling sector, focusing on enhancing energy efficiency and sustainable urban development. Al-Zaabi was briefed on Empower's experience and toured their Command and Control Centre. The meeting highlighted the importance of high-efficiency cooling solutions to meet urban growth demands. Both parties emphasized the value of sharing expertise to foster sustainable cooling solutions in the region, underscoring the strong ties between the UAE and Kuwait.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) has received LEED Gold certification for its Jumeirah Beach Hills (JBH) District Cooling Plant in Dubai from the U.S. Green Building Council. This certification acknowledges the plant's adherence to global standards for energy efficiency, sustainability, and environmental design. The JBH plant, operational since December 2024, has a production capacity of 48,000 refrigeration tons and utilizes advanced technologies to enhance energy and water efficiency. Empower's plant serves key developments in the Jumeirah area and plans to expand its services further. This achievement aligns with the UAE's vision for sustainability and reflects Empower's commitment to integrating high sustainability standards in its operations.

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Dubai Financial Market News
Disclosure: Press release

As climate change intensifies, cities worldwide are facing more frequent and severe heat waves, increasing the demand for cooling solutions. Europe, particularly affected by rising temperatures, witnessed extreme heat in the summer of 2026, with temperatures exceeding 40°C in several countries. Despite the growing need, air conditioning use in Europe remains low, with only about 20% of households owning units. This situation highlights the urgency for efficient cooling solutions that do not overburden electricity grids or deplete resources. The adoption of individual air conditioning systems could strain electricity networks and require more investment in infrastructure, as seen by the near doubling of household energy consumption for cooling in the EU between 2018 and 2024. In contrast, Gulf cities, accustomed to high temperatures, have developed large-scale district cooling systems. These systems produce chilled water at central plants and distribute it through insulated networks to multiple buildings, offering a more efficient and sustainable cooling method. District cooling can save up to 50% in electricity compared to traditional systems, using about 0.9 to 1 kilowatt of electricity per ton of refrigeration.

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Dubai Financial Market News
Disclosure: Press release

Empower, the world's largest district cooling services provider, highlighted its commitment to empowering Emirati women on Emirati Women's Day, celebrated under the theme “We Will Emerge Stronger and Better.” The company emphasizes its dedication to fostering a supportive work environment that offers professional development and leadership opportunities, aligning with the UAE's vision to invest in national talent. By the end of 2025, Emirati women made up 61% of Empower's female workforce, playing a significant role in the company's growth. Empower is committed to providing training and development programs to enhance skills and promote innovation, preparing women for leadership roles and decision-making positions. CEO Ahmad Bin Shafar praised the achievements of Emirati women and their contributions to the nation's development.

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Dubai Financial Market News
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, is expanding its operations with a new district cooling plant in Al Sufouh 2, Dubai, with a capacity of 23,400 refrigeration tons. This project aligns with Empower's strategy to support Dubai's urban growth and meet the rising demand for sustainable cooling services. Construction has begun, with completion expected in the third quarter of 2027, under Empower’s supervision. The plant will serve various mixed-use buildings, including the "Innovation Hub," and will use advanced technologies like thermal energy storage and treated sewage effluent to enhance energy efficiency and reduce carbon emissions. This initiative supports Dubai’s sustainable urban development and the UAE's climate neutrality goals, contributing to the expansion of sustainable infrastructure and aligning with the vision of Dubai as a model for smart and sustainable cities.

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