Emirates Central Cooling Systems Corporation PJSC

Logotype for Emirates Central Cooling Systems Corporation PJSC
Ticker/ISIN
EMPOWER
AEE01134E227
Market/Country
Dubai Financial Market
United Arab Emirates

About Emirates Central Cooling Systems Corporation PJSC

Empower was established on 23 November 2003 as a corporate entity pursuant to Dubai Law No. (10) of 2003 (“Law No. 10”) and amended by Dubai Law No. (3) of 2010 (“Law No. 3”) and commenced commercial operations on 15 February 2004.

On 14 October 2022, pursuant to Law No. 22 of 2022 (which repealed Decree No. 10 and any other legislation to the extent that it contradicts with its provisions) (“Law No. 22”), the Company was established in its current form, as a public joint stock company to succeed Emirates Central Cooling Systems Corporation. 

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation PJSC (Empower) reported a 7.1% increase in district cooling consumption in the first half of 2025 compared to the same period in 2024. This growth is attributed to high occupancy rates in existing real estate projects and the addition of new projects. Empower's customer base has expanded across various sectors, including residential, commercial, hospitality, healthcare, retail, and entertainment, as these sectors increasingly adopt energy-efficient cooling solutions to reduce carbon emissions. The company signed 86 new contracts to supply over 99,000 refrigeration tons (RT) to projects across Dubai, increasing its total contracted capacity to 1.86 million RT and connected capacity to over 1.6 million RT, with 1,684 buildings served. CEO Ahmad bin Shafar highlighted Empower's commitment to high-quality, reliable district cooling services, aligning with Dubai's sustainability goals. The company's operational efficiency and advanced technology have been crucial in meeting the growing demand for environmentally friendly cooling services. An extensive maintenance campaign before the summer season ensured the readiness of Empower's 88 district cooling plants and distribution networks.
Empower Insulated Pipe Systems (ELIPS), a subsidiary of Emirates Central Cooling Systems Corporation, has secured a contract to supply insulated pipes for the Ali Al-Sabah Military Academy project in Al Zahra, Kuwait. The contract includes pipe sizes from 25 mm to 800 mm, covering a network of 19 kilometers, with deliveries beginning in the fourth quarter of 2025. ELIPS emphasizes precision, quality, and safety, adhering to international standards. This project adds to ELIPS's portfolio in Kuwait, which includes developments like Kuwait University and industrial zones in Sabah Al Ahmad City. ELIPS aims to support the project's sustainability goals and Kuwait's vision for carbon neutrality. The company's expansion strategy focuses on sustainable growth and environmental protection, leveraging innovation and advanced technologies. The project, supervised by Dar Al Khaleej Engineering Consulting and implemented by Hydrotech Engineering, underscores Kuwait's commitment to sustainable solutions, particularly through district cooling systems. ELIPS has produced over 880 kilometers of insulated pipe systems in the past 16 years, with a 40% production increase in the last five years.
Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, has started supplying district cooling services to the first phase of the Al Habtoor Tower project in Dubai. The project is the world's largest residential development, covering 3,517,313 square feet. Empower plans to complete all phases of the district cooling connection by the end of 2027, with a total capacity of 7,200 refrigeration tons (RT), which is about 75% of the peak cooling demand of the Burj Khalifa. This supply follows an agreement made with Al Habtoor Group in April 2024. Empower aims to provide energy-efficient and environmentally friendly cooling services, aligning with Dubai's environmental goals and the UAE's broader objectives for sustainability. CEO Ahmad bin Shafar highlighted the company's commitment to quality, reliability, and sustainability in supporting Dubai's growth and real estate sector.
Empower, the world's largest district cooling services provider, has launched a summer campaign encouraging residential and commercial customers in Dubai to adopt energy-saving practices to reduce district cooling consumption and lower bills. The campaign, under the slogan 'Set and Save at 24°C', promotes setting air conditioner thermostats to 24°C and implementing measures like closing curtains and sealing gaps to minimize heat infiltration. Empower emphasizes routine maintenance of cooling systems to ensure efficiency. CEO Ahmad bin Shafar highlighted the company's commitment to supporting the UAE’s sustainability goals and promoting environmentally responsible practices. The campaign, running for the twelfth consecutive year, aims to raise awareness and encourage responsible energy consumption to support national sustainability efforts and help customers reduce their energy bills.
Emirates Central Cooling Systems Corporation (Empower), the largest district cooling services provider globally, has announced its strategic sponsorship of the 27th Water, Energy, Technology, and Environment Exhibition (WETEX 2025) in Dubai. The event, held from September 30 to October 2, 2025, at the Dubai World Trade Centre, serves as a major international platform for showcasing innovations in water, energy, and environmental sustainability. Empower aims to present its advancements in district cooling and its efforts in reducing carbon emissions and enhancing energy efficiency, aligning with the UAE's goal of achieving carbon neutrality by 2050. Empower CEO Ahmad Bin Shafar emphasized the company's commitment to supporting the UAE's transition to a sustainable economy and highlighted its role in contributing to Dubai's vision of becoming the most sustainable city in the world.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, is marking World Refrigeration Day on June 26, 2025, by emphasizing the importance of district cooling in improving quality of life and promoting sustainability. Empower is a key partner in global initiatives like "District Energy in Cities" and the "Cool Coalition" by the United Nations Environment Programme, which aim to promote energy-efficient and environmentally friendly cooling solutions. Empower's CEO, Ahmad Bin Shafar, stated that cooling is essential for a sustainable future and highlighted Dubai's leadership in district cooling. Empower, founded in 2003, has become a global leader in district cooling, using advanced technologies and AI to save up to 50% of energy compared to traditional systems. The company promotes environmental awareness in the UAE and aligns with the Dubai Clean Energy Strategy 2050, which aims to make Dubai a global hub for clean energy with a low carbon footprint.
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.

Threads

DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, and the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) have signed a Memorandum of Understanding to develop a third-generation District Cooling System. The agreement was signed at the ASHRAE Conference 2024 in Chicago. The project, part of Empower's strategic roadmap, aims to strengthen the global leadership of Empower and the UAE in the field of district cooling. The research will focus on transitioning from traditional district cooling systems to innovative third-generation models, with a focus on AI-driven energy management and sustainable, environmentally-friendly cooling solutions.

1. Attached Document

DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has signed a Memorandum of Understanding (MoU) with the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) to develop a global standard for district cooling. The standard will be adopted by countries with emerging district cooling infrastructure by 2025. The MoU was signed at the ASHRAE Conference 2024 in Chicago, USA. The goal of this collaboration is to improve environmental, economic, and social conditions through the adoption of district cooling in diverse urban environments and communities worldwide.

1. Attached Document

DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Dubai-based Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, will participate in the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) Conference and Expo 2024 in Chicago, USA. The event, which runs from 20 to 24 January, will allow Empower to gain insights into energy-efficient cooling solutions and technologies. The conference features professional events such as dialogue sessions, panel discussions, and educational workshops. Empower and ASHRAE aim to sign an agreement at the conference to work on the District Cooling Guide for the development of a District Cooling Standard, which could have significant environmental, climatic, and economic benefits.

1. Attached Document

DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has announced its diamond sponsorship of leading district cooling conferences and exhibitions in 2024, including events hosted by the International District Energy Association (IDEA). The sponsorship includes IDEA Campus Energy2024 in San Francisco, IDEA2024 in Orlando, and other webinars and workshops throughout the year. Empower is the first Middle Eastern organization to take on the role of a diamond sponsor for international conferences. The events attract delegations and experts from over 30 countries. Empower aims to strengthen its global position and build cross-continental connections through this sponsorship.

1. Attached Document

AbhiShareBhachan profile image

AbhiShareBhachan

Commented on RealEstateKings Transaction regarding Emirates Central Cooling Systems Corporation PJSC

Interesting move on Emirates Central Cooling Systems. A bold step in Utilities amidst a volatile market. Keep an eye on sector trends. #InvestSmart
FinanceBroAED profile image

FinanceBroAED

Commented on RealEstateKings Transaction regarding Emirates Central Cooling Systems Corporation PJSC

Wow, 75 shares in Emirates Central Cooling? Someone's not afraid of a little heat in the market! Let's hope it doesn't leave you cold, mate!
DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, recently held a meeting with hotel operators in Dubai to discuss new plans and share sustainability initiatives. The meeting was part of the response to the outcomes of the COP28 event hosted by the UAE. The attendees visited the Dubai Healthcare City District Cooling plant to learn about Empower's success in providing sustainable cooling services. Empower currently provides its environmentally friendly cooling services to over 21% of hotels in Dubai, including high-profile properties like the Burj Al Arab and the Atlantis The Royal. The meeting also discussed ideas and methods for environmental protection, water usage efficiency, and maintenance processes in district cooling operations.

1. Attached Document

DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower) and the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) have formed a global partnership with the aim of expanding the district cooling industry and improving energy efficiency within the cooling and heating sector. The partnership will involve the development of a standard based on the current District Cooling Guide, intended to be applicable worldwide and compatible with various district cooling activities. The standard aims to provide environmental, climatic, and economic benefits for investors, customers, and the public by ensuring safe, effective, and economical cooling services. A second meeting will be held in Chicago in January 2024 to finalize the agreement on standardizing the District Cooling Guide.

1. Attached Document

DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Results of BOD meeting

1. Attached Document

DFM News profile image

DFM News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), has been awarded the CEO Middle East Award 2023 in the Energy sector. This is the third time Bin Shafar has received this accolade, highlighting his role in developing the district cooling industry in the Middle East and his leadership in making Empower the world's leading district cooling services provider. This achievement also signifies a milestone for Empower, which recently debuted on the Dubai Financial Market with an oversubscription rate of 47 times, and now commands over 80% of Dubai's cooling market. Bin Shafar's commitment to sustainability and innovation has been integral to these successes and has positioned the UAE as a global leader in sustainable technologies.

1. Attached Document