Press releases, Reports & Disclosures for Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has started excavation and foundation work for a new district cooling plant in the Al Sufouh 2 area of Dubai. This project is part of Empower's expansion strategy to meet the increasing demand for eco-friendly cooling services in Dubai. Construction is set to begin in the fourth quarter of 2025. The plant will be the first of three planned facilities in the area, with a cooling capacity of 23,400 Refrigeration Tons (RT), serving various buildings, including the Innovation Hub. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to expanding its presence in Dubai and providing sustainable cooling solutions in response to urban growth and rising demand. The development aligns with Dubai's sustainable development goals, aiming to enhance the district cooling infrastructure and support the city's growth.

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has launched its twelfth annual summer campaign, "Set and Save at 24°C." The initiative encourages over 144,000 customers to set their air conditioners to 24°C to reduce electricity consumption, support energy efficiency, and contribute to sustainability efforts. The campaign aims to lower pressure on the power grid, cut carbon emissions, and promote environmental protection. Empower highlights that its district cooling systems use up to 50% less energy than conventional systems, enhancing efficiency and reducing emissions. CEO Ahmad bin Shafar emphasized the importance of responsible energy use and the role of individual actions in building a sustainable future.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, won three global awards at the International District Energy Association (IDEA) Conference and Exhibition in Minneapolis, USA. Empower received two gold awards for 'Total Number of Buildings Committed' and 'Total Building Area Committed' for district cooling services outside North America, and an 'Innovation Award Honorable Mention' for optimizing a district cooling plant using machine learning. This marks the eleventh time Empower has won these awards, having previously won in various years since 2005. CEO Ahmad Bin Shafar expressed pride in the recognition, attributing it to continuous innovation and investment in modern technologies like artificial intelligence and machine learning, which enhance energy efficiency and service quality. He praised the team spirit at Empower and extended gratitude to the company's employees for their efforts in achieving these accolades.

Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), delivered a keynote address at the IDEA 2025 Conference and Exhibition in the United States. He highlighted the importance of district cooling systems in achieving sustainable development, enhancing energy efficiency, and reducing carbon emissions. Bin Shafar emphasized that district cooling is essential for countries aiming to transition to a low-carbon economy. He shared Empower’s growth story in Dubai, attributing its success to strategic vision, government support, and investment in infrastructure and technology. He advocated for international legislation to encourage the adoption of district cooling systems, highlighting their benefits in operational efficiency, cost reduction, and emissions control.

Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), has retained his position as Member Emeritus on the Board of Directors of the International District Energy Association (IDEA) for the seventh consecutive term. This role highlights his contributions to the district cooling industry and his efforts in promoting UAE's sustainable cooling solutions globally. Bin Shafar's leadership has been pivotal in advancing industry efficiency and sustainability, influencing policy, and fostering international collaboration. He expressed his commitment to enhancing the region's role in energy efficiency and sustainable cooling. This announcement aligns with the increasing global demand for energy-saving cooling solutions due to climate change. The IDEA, based in the United States, includes a diverse group of global members and promotes the adoption of district cooling and heating systems for sustainable urban development.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, announced its participation as a Diamond Sponsor at the 116th International District Energy Association (IDEA) Annual Conference and Trade Show in Minneapolis, Minnesota, USA. The event, themed "Aggregate, Integrate, Innovate," will take place from June 2, 2025, and will last four days, gathering delegations from both public and private sectors and industry experts globally. Empower's CEO, H.E. Ahmad Bin Shafar, will lead the company's delegation and is a keynote speaker in the opening session titled "Global Industry Leaders." He will discuss Empower's achievements in district cooling, energy efficiency, and sustainability, and present the company's practices as a global benchmark. Additionally, Empower will present a technical paper on using machine learning for district cooling plant optimization, focusing on improving efficiency and sustainability. The CEO highlighted the significance of Empower's involvement in the IDEA 2025 event, emphasizing the opportunity to enhance the company's global positioning and share expertise. He noted the growing importance of district cooling as an efficient and sustainable energy solution amid environmental challenges like climate change, underscoring its role in reducing electricity consumption and carbon emissions.

Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling services globally, held its annual staff gathering in Dubai, United Arab Emirates, on May 19, 2025. The event, attended by Empower's CEO H.E. Ahmad Bin Shafar, senior management, and employees from various departments, was aimed at fostering strong employee relations and a positive work environment. During the gathering, Empower recognized employees who have served for 5, 10, 15, and 20 years, acknowledging their significant contributions to the company's success. CEO Bin Shafar praised the employees as essential to Empower's achievements, emphasizing the importance of human capital and the company's commitment to empowering its teams and encouraging innovation. He highlighted Empower's dedication to creating an ideal work environment based on transparency, empowerment, and recognition, which positively impacts performance and team spirit.

Emirates Central Cooling Systems Corporation PJSC (Empower), a leading district cooling services provider, has initiated a comprehensive maintenance and readiness plan to prepare for the summer season in Dubai. This initiative aims to enhance the efficiency of its cooling plants and distribution networks to meet the increased demand due to rising temperatures, ensuring a stable indoor environment for residents and clients across various sectors. CEO Ahmad bin Shafar highlighted the significant rise in energy consumption during summer, with air conditioning accounting for 70% of energy use in buildings. Empower's district cooling systems use up to 50% less electricity than conventional methods, aligning with Dubai's sustainability goals to reduce electricity and water consumption by 30% by 2030. The preparations include maintenance, upgrades, and testing of smart monitoring systems to track performance and consumption in real time. Empower emphasizes innovation, sustainability, and support for Dubai's climate strategies, with teams working continuously to ensure system readiness and provide energy-efficient cooling solutions, thus reducing the carbon footprint and enhancing customer satisfaction.

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, announced its financial results for the first quarter of 2025. The company reported a revenue of AED 540 million, a 0.4% increase from the same period in 2024, and an EBITDA of AED 297 million. The pre-tax net profit was AED 159 million, with a net profit after tax of AED 145 million for the quarter ending March 31, 2025. CEO Ahmad Bin Shafar highlighted the company's strategic expansion and its commitment to increasing its asset base to meet rising demand and strengthen market share. Empower's financial results underscore its global leadership in the district cooling market, driven by high operational readiness and a robust asset base. The company aims to deliver enhanced value and sustainable growth for shareholders by capitalizing on real estate momentum and broader economic growth. Empower reported consolidated revenues of AED 3.26 billion for the twelve months from April 2024 to March 2025.