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On 14 October 2022, pursuant to Law No. 22 of 2022 (which repealed Decree No. 10 and any other legislation to the extent that it contradicts with its provisions) (“Law No. 22”), the Company was established in its current form,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

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.
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.

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News Update From Emirates Central Cooling Systems Corporation PJSC

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News Update From Emirates Central Cooling Systems Corporation PJSC

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News Update From Emirates Central Cooling Systems Corporation PJSC

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Dubai is preparing to host the International District Cooling Conference 2025 for the fourth time. His Excellency Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), met with Rob Thornton, President and CEO of the International District Energy Association (IDEA), to discuss the event's preparations. The conference will focus on themes aligned with recent developments in the district cooling industry, its challenges, and strategies to address them. It aims to reinforce its status as a leading global platform for district cooling discussions, promoting energy efficiency and environmental sustainability. Empower, with a history of successfully hosting the conference in 2014, 2016, and 2018, highlights Dubai's role as a hub in the district cooling industry. The conference, scheduled for December, will gather specialists and leaders in district cooling, energy efficiency, and renewable energy solutions from around the world.

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News Update From Emirates Central Cooling Systems Corporation PJSC

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Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, is enhancing its global presence by participating as a Diamond Sponsor at the IDEA Campus Energy 2025 International Conference in Boston, USA. The event, organized by the International District Energy Association (IDEA), will occur from February 3rd to 6th and is expected to attract over 1,000 participants worldwide. Empower's sponsorship is part of a broader commitment to support IDEA's conferences and exhibitions throughout 2025. The delegation, led by Empower CEO H.E. Ahmad Bin Shafar, will also participate in IDEA Board of Directors meetings and a technical tour of advanced energy facilities. Bin Shafar emphasized Empower's commitment to fostering collaboration and innovation in the district cooling industry to promote sustainability.

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Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has advocated for the adoption of district cooling in the healthcare sector to enhance sustainability and public health. At the Arab Health 2025 Exhibition and Conference in Dubai, Empower emphasized the importance of district cooling in creating an optimal environment for healthcare facilities. Empower's systems serve various healthcare projects, including Dubai Healthcare City, with a cooling capacity of 142,000 refrigeration tons. The company encourages healthcare leaders and international exhibitors to explore the health benefits of these sustainable solutions. Empower is committed to supporting the healthcare sector by providing environmentally friendly cooling services that contribute to climate change mitigation. CEO Ahmad bin Shafar highlighted the company's dedication to delivering world-class district cooling services to medical facilities in Dubai, ensuring patient and staff comfort while conserving energy and protecting the environment. Empower's services extend to numerous hospitals, clinics, and laboratories across Dubai.

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Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, is committed to promoting awareness of district cooling as a sustainable solution to environmental challenges. This commitment includes a plan to expand the adoption of eco-friendly cooling systems through workshops and seminars worldwide in 2025. In 2024, Empower achieved significant milestones by forming partnerships, hosting technical tours, and conducting seminars to increase awareness of district cooling. Notable initiatives included meetings with consultants to discuss advanced technologies, a technical tour organized with UNEP for international delegates, and a virtual seminar with UNEP's 'Cool Coalition.' These efforts emphasized the role of district cooling in addressing climate change, reducing energy consumption, and using natural resources efficiently. Empower's CEO, H.E. Ahmad bin Shafar, highlighted the importance of community awareness in advancing sustainable cooling solutions.

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Emirates Central Cooling Systems Corporation (Empower) has signed an agreement with Wasl Group to provide district cooling services to 'The Island' project in Dubai, with a capacity of 23,853 refrigeration tons. This collaboration supports Dubai's development vision by implementing energy-efficient and sustainable solutions. 'The Island' is a luxury beachfront development featuring hotels, apartments, and villas, along with various amenities. Empower will supply cooling services using advanced systems to ensure energy efficiency and reduce carbon emissions. The project is set to begin receiving cooling services in the first quarter of 2028. Both Empower and Wasl Group emphasize their commitment to sustainability and environmental objectives through this partnership.

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Results of BOD Meeting

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Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: BOD meeting

1. Attached Document