Latest news with #Enercap
Al Etihad
3 days ago
- Business
- Al Etihad
IHC concludes participation in MIITE with over 30 strategic announcements
29 May 2025 12:52 ABU DHABI (ALETIHAD)International Holding Company (IHC), the Abu Dhabi-headquartered global investment group, concluded its dynamic participation at the Make it in the Emirates (MIITE) Forum 2025, showcasing its multi-sectoral strength and commitment to the UAE's industrial transformation. Organised by the Ministry of Industry and Advanced Technology, the four-day event witnessed IHC bringing together over 25 of its Group companies under a single pavilion, with more than 30 strategic announcements and active engagement in 27 high-level panel its role as a national economic catalyst, IHC and its subsidiaries committed more than Dh5.6 billion in industrial investments over the next five years. These included agreements, product launches, factory expansions, and new facility announcements spanning clean energy, real estate, AI, advanced technology, space, and of the forum's highlights was the launch of SAIF (Smart Artificial Intelligence Facilitator), the UAE's first domestically developed AI marketplace. Built in the Emirates, SAIF is the world's first AI agent designed to simplify developer access to GPUs and large language models, setting a new benchmark for regional AI decarbonisation platform EPointZero signed a 1 GWh battery storage deal with Enercap by Apex Energy—one of the world's largest such transactions in 2025. In a further clean energy initiative, Enercap partnered with ROX Motor to jointly develop supercapacitor systems for next-generation electric vehicles manufactured in the the real estate sector, Aldar announced its adoption of hydrogen-based steel rebars from Emsteel for the construction of Abu Dhabi's first net-zero carbon mosque. This marks a significant step forward in sustainable construction practices in the also entered into an agreement with International Resources Holding (IRH), IHC's mine-to-market platform, to achieve full decarbonisation across IRH's global mining bolstering the UAE's space capabilities, Orbitworks—an IHC venture focused on satellite technologies—unveiled Altair, a ten-satellite Earth observation constellation enabled with artificial intelligence. The satellites will be assembled and integrated in Abu Dhabi, further reinforcing the nation's aspirations in advanced manufacturing and space Basar Shueb, CEO of IHC, said:"Our strong participation at MIITE reflects IHC's unwavering commitment to building the industries of tomorrow—industries rooted in innovation, sustainability, and national capability. Over these four days, we translated vision into action through strategic partnerships, groundbreaking platforms, and deep industrial alignment. Our strong performance in In-Country Value underscores IHC's role in advancing the UAE's localisation agenda and creating long-term economic resilience. As we look to 2026 and beyond, IHC will continue to be a driving force in shaping the UAE's global competitiveness and delivering sustainable value for future generations."IHC's longstanding partnership with the UAE's In Country Value (ICV) programme was reinforced by strong performance across its portfolio. PureHealth, the country's largest integrated healthcare platform, remains on track to reach an ICV-qualified spend of Dh13 billion by 2032. Its brand SEHA reported the highest ICV score in the national healthcare sector at 81.13%, while health insurer Daman achieved an impressive 71.86%.Aldar confirmed it had reinvested Dh10 billion into the local economy in 2024 and achieved a 71% ICV score. NMDC Group, a leader in engineering and marine services, received the ICV Excellence Award in the Semi-Governmental Manufacturers category. NMDC Energy alone reported Dh27 billion reinjected into the local economy and pledged an additional Dh17 billion in future localisation commitments, attaining an overall Group ICV score of 81.2%.IHC's financial services capabilities were also on display at MIITE 2025, with two landmark agreements signed with First Abu Dhabi Bank (FAB). The deals appointed FAB as IHC's exclusive house bank and introduced the FAB Business App across IHC's portfolio companies to streamline financial integration and enhance digital industrial collaborations included a strategic agreement between NMDC Energy and Al Gharbia to boost domestic pipeline manufacturing in support of regional infrastructure development. Emircom's DCV Industries, another IHC subsidiary, signed an MoU with Legrand to deliver integrated, high-performance infrastructure solutions for the next generation of data centres. IHC has confirmed its return to the MIITE Forum in 2026, to be held from May 4 to 7. The Group will again showcase its broad industrial footprint and its continued alignment with the UAE's vision for economic diversification, industrial self-sufficiency, and sustainable growth.
Trade Arabia
4 days ago
- Business
- Trade Arabia
Enercap starts production of 'Made in UAE' advanced batteries
Enercap, a subsidiary of Apex Investment, has officially commenced the production of fully UAE-manufactured advanced batteries designed for a wide range of critical sectors, including electric vehicles, urban power grids and data centres. Speaking to the WAM on the sidelines of the 2025 World Utilities Congress in Abu Dhabi, Ahmed Amer Omar, Managing Director of Apex Investment and Enercap, confirmed that the company had recently signed a contract with 2PointZero and is currently in discussions with several European countries, including the United Kingdom and Italy, which have expressed interest in deploying these innovative batteries. The batteries offer a significant advantage in operational frequency, being capable of charging and discharging up to four to five times per day, compared to conventional batteries which typically handle only one cycle. This capability supports vital infrastructure such as electricity networks across diverse locations, stated Omar. He also announced that the company is developing the fully renewable-powered "Mawasem Park" project, located between Abu Dhabi and Al Samha. Enercap is currently testing its batteries with major firms such as G42 to enhance data centre resilience and sustainability. Omar stressed the central role of artificial intelligence in advancing this sector and reiterated that the product is 100 percent Emirati in conception, design and manufacture. Bilal Sheikh, Chief Marketing Officer at Enercap, said the company is showcasing a globally unique energy storage system at the event, considered one of the most advanced in the world and fully developed and manufactured within the UAE. The system is the world's first non-chemical battery technology, free from lithium, electrolytes or graphene. Instead, it operates on an electrostatic energy storage principle, allowing for ultra-fast charging and high operational efficiency. The batteries can recharge electric vehicles in under six minutes and have a lifespan of up to 40 years, coupled with a high safety rating that eliminates the risk of combustion. Sheikh said that Enercap integrates artificial intelligence across its operational ecosystem, including its battery management systems, industrial data analytics, consumer behaviour insights, and applications in electric vehicles, grid energy return, renewable energy system management and carbon credit tracking. "AI has become integral to modern enterprise growth, both structurally and in its applications and Enercap uses AI to enhance manufacturing efficiency and to optimise battery usage among consumers for maximum energy efficiency," he added.
Zawya
22-05-2025
- Business
- Zawya
EPointZero and International Resources Holding sign MOU to decarbonize global mining operations
RELATED TOPICS UAE RELATED COMPANIES Lunate Capital IHC Chimera Inv IRH Advanced Technol EnerCap Capital Abu Dhabi, UAE: EPointZero, the decarbonization platform of 2PointZero, and International Resources Holding (IRH), a leading mine-to-market platform and subsidiary of 2PointZero, have signed a Memorandum of Understanding (MOU) to jointly advance the full decarbonization of IRH's global mining operations. The agreement was signed on 22 May 2025 during Make it in the Emirates by Mohamed Hesham, Group Chief Investment Officer of 2PointZero, and Ali AlRashdi, CEO of International Resources Holding. The signing was witnessed by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, International Holding Company's (IHC) CEO and Managing Director, Syed Basar Shueb, and H.E. Mariam Almheiri, 2PointZero's Group CEO. As part of the MoU, EPointZero and IRH will initially target Mopani Copper Mines, where IRH acquired a 51% stake in March 2024, a transaction that cemented IRH's commitment to long-term growth and sustainable development in the mining and minerals space. It also follows EPointZero's landmark 1 GWh energy storage deal with UAE-based Enercap by Apex Energy, announced on 19 May 2025 at Make it in the Emirates. That transaction, among the largest of its kind globally, gives EPointZero immediate access to cutting-edge, non-chemical supercapacitor storage technology, positioning it to deploy advanced energy systems at scale across mining and industrial operations. H.E. Mariam Almheiri, 2PointZero's Group CEO, commented: 'Decarbonizing legacy sectors requires more than capital, it takes alignment, execution, and a clear view of the future. This collaboration demonstrates how our dynamic value network enables exactly that, connecting capabilities across our portfolio to unlock real transformation. By aligning renewable energy, technology, and resources, we're not only accelerating low-carbon mining, we're advancing our mission to build smarter, more sustainable industrial systems for the future.' Under the terms of the MOU, EPointZero and IRH will establish a dedicated joint taskforce to identify, assess, and implement decarbonization measures across IRH's operations in Zambia, beginning with Mopani Copper Mines. This will include a holistic carbon baseline assessment that spans mining, smelting, logistics, and auxiliary services, providing the analytical foundation for a phased roadmap toward net-zero operations. Ali AlRashdi, IRH's CEO, commented: 'Zambia is a strategic hub for IRH, and Mopani represents a cornerstone of our commitment to building a modern, competitive mining platform in Africa. This partnership reflects our mandate to integrate decarbonization into our operations from day one and set a new benchmark for sustainability in resource development.' At the center of this effort is 2PointZero's dynamic value network, an ecosystem designed to connect capabilities across its portfolio and unlock cross-sector value creation. By linking IRH's upstream mineral operations with EPointZero's access to renewable energy, advanced storage infrastructure, and AI-driven analytics, the dynamic value network becomes the mechanism through which this partnership accelerates decarbonization, reduces system inefficiencies, and delivers scalable outcomes for Zambia and beyond. The decarbonization strategy will address not only energy consumption but also broader operational efficiencies, from electrifying fleet and machinery, to reducing waste and emissions across the production cycle, to embedding AI-driven tools for predictive resource management and real-time emissions monitoring. The initial focus will be on integrating on-site renewable energy sources, optimizing grid interactions, and introducing intelligent infrastructure that can adapt to demand fluctuations while minimizing environmental impact. At the same time, both companies are exploring circular models for water reuse, waste minimization, and sustainable sourcing. These efforts are intended to align with Zambia's long-term development, while setting a new benchmark for responsible mining in the region. About 2PointZero 2PointZero, a subsidiary of IHC (International Holding Company) was founded in 2023 as a transformational investment platform focused on making strategic investments in emerging technologies and future-sustaining businesses to create a globally diversified and resilient portfolio. 2PointZero brings together a suite of innovative and established UAE subsidiaries, including Chimera Investments, Lunate Capital, Beltone, Sagasse and International Resources Holding (IRH) under one transformative umbrella, placing 2PointZero at the forefront of key sectors including financial services, consumer goods, mining resources, technology and energy. Our Dynamic Value Network is sector agnostic, allowing it to connect capabilities across our portfolio to unlock new pathways for growth and create measurable value for investors while empowering communities, fostering sustainable ecosystems, and driving groundbreaking technological advancements. About IRH: International Resources Holding (IRH) is the mining vertical arm and subsidiary of 2 Point Zero based in Abu Dhabi, UAE. A dynamic and diversified conglomerate focusing on unlocking the mineral value chain in Upstream, Midstream and Downstream processes, enhancing in-country value addition across Africa and beyond, and successfully forging comprehensive ecosystems through strategic collaborations with various national governments. IRH's strategic interest is to focus on energy transition minerals such as (Copper, Cobalt, Nickel, Manganese & Graphite), Rare earth metals & 3T (Tin, Tantalum & Tungsten). IRH has a full technical team of professionals including but not limited to geologists, mining engineers, geophysicists, metallurgists & financial analysts with experience across 26 commodities.
Arabian Post
22-05-2025
- Automotive
- Arabian Post
UAE Firms Unite to Advance Sustainable EV Energy Storage
Arabian Post Staff -Dubai Enercap by Apex Energy and ROX Motor have entered into a strategic partnership aimed at integrating advanced energy storage solutions into electric vehicles. The agreement was formalised at the Make it in the Emirates 2025 forum in Abu Dhabi, highlighting a commitment to sustainable mobility and localised manufacturing. Enercap, a subsidiary of Apex Investment, specialises in non-chemical, electrostatic energy storage systems. These systems, developed and manufactured in the UAE, offer rapid charging capabilities, extended lifespans, and mitigate risks associated with thermal runaway. ROX Motor, an international new energy vehicle brand, plans to incorporate Enercap's technology into its next-generation electric vehicles, enhancing performance and sustainability. ADVERTISEMENT The collaboration aligns with the UAE's national strategies, including Operation 300Bn, UAE Industry 4.0, and the Net Zero by 2050 initiative. By leveraging local innovation and manufacturing, the partnership aims to bolster the UAE's position in the global electric vehicle market and contribute to the country's industrial growth.
Trade Arabia
21-05-2025
- Automotive
- Trade Arabia
Enercap, ROX Motor to pioneer sustainable EV energy storage
Enercap by Apex Energy, the UAE based supercap energy storage manufacturer and ROX Motor, formalized a strategic partnership during the Make it in the Emirates (MIITE) 2025. Aligned with national strategies such as Operation 300Bn, UAE Industry 4.0, and the Net Zero by 2050 initiative, this agreement establishes a pathway for deeper localization, industrial growth, and regional integration, while reinforcing our long-term commitment to the UAE's industrial development and sustainable mobility ambitions, said the company in a statement. Enercap's energy storage systems are designed, developed and manufactured in the UAE. ROX's collaboration with Enercap will enable an advanced nonchemical supercapacitor-based energy storage to be applied to the ROX vehicle range. This will enable extended range, fast charging and discharging, no thermal runaway as well as an environmentally sustainable energy storage system with a zero degradation, extended long life, it added. Enercap's partnership with ROX will enable the company to deploy into the EV sector which accounts for >70% of the global market share in energy storage, it stated. Enercap delivers an energy storage system that increases vehicle range, supports a 6-minute 100% charge, is an environmentally sustainable product using synthetic graphene as the main material in its energy storage system. Ahmed Amer Omer, the MD Apex Investment PSC and Enercap, said: "This partnership marks a significant milestone in advancing clean, high-performance energy storage within the EV sector. By combining Enercap's breakthrough supercapacitor technology with ROX Motor' EV platform, we are enabling faster charging, greater efficiency, and more sustainable mobility. It also reflects our long-term commitment to industrial innovation, local manufacturing, and building a resilient, future-ready supply chain." Jarvis Yan, Founder and CEO, ROX Motor, said: "At ROX Motor, we are committed to pushing the boundaries of electric mobility - performance, design, and sustainability must move together. Partnering with Enercap allows us to integrate cutting-edge energy storage that aligns with our philosophy of innovation without compromise. This is more than a technical upgrade; it's a strategic leap toward the next generation of clean, efficient transport." The partnership will drive the demand for high-performance battery technologies, integrate lightweight and recyclable aluminum components, and localize vehicle manufacturing and assembly, this supports, stated Jan. Enercap's broader ESG agenda is aimed at helping to build a robust, closed-loop supply chain, said Omer.
