Latest news with #powermanagement
Trade Arabia
29-05-2025
- Business
- Trade Arabia
Taqa seals partnership deal with Abu Dhabi Airports
Taqa Distribution, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed a MoU with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the emirate. As part of the MoU, Taqa Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy - and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. The MoU was signed by Omar Al Hashmi, CEO of Taqa Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. Al Hashmi said the deal allows Taqa Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. "Our core expertise in conceptualising, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals," he stated. Zayed International Airport (AUH), a key aviation hub for the UAE, benefits from collaborations with strategic partners like Taqa Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region, he noted. On the deal, Sorlini said: "As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with Taqa Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7." "Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification." she stated. According to her, this MoU is set to support several key pillars of the emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernisation and digitisation of utility services - powered by AI-enabled predictive maintenance and cutting-edge customer relationship management - will further align the emirate's airport infrastructure with global best practices. Taqa Distribution is building a growing portfolio of strategic alliances, including a recent collaboration with Abu Dhabi Global Market to roll out a digital utilities billing solution for Al Maryah and Al Reem Islands.
Zawya
29-05-2025
- Business
- Zawya
TAQA and Abu Dhabi Airports: Fuelling Abu Dhabi's gateway with next-gen power and sustainable innovation
Abu Dhabi, UAE – TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), has signed a Memorandum of Understanding (MoU) with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the Emirate. The MoU was signed by Omar Al Hashmi, CEO of TAQA Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. As part of the MoU, TAQA Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. Omar Al Hashmi said: "The MoU allows TAQA Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. Our core expertise in conceptualizing, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals." Zayed International Airport (AUH), a key aviation hub for the UAE, benefits from collaborations with strategic partners like TAQA Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region. Elena Sorlini said: "As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with TAQA Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7. Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification." This MoU is set to support several key pillars of the Emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernization and digitization of utility services — powered by AI-enabled predictive maintenance and cutting-edge customer relationship management — will further align the Emirate's airport infrastructure with global best practices. TAQA Distribution is building a growing portfolio of strategic alliances, including a recent collaboration with Abu Dhabi Global Market (ADGM) to roll out a digital utilities billing solution for Al Maryah and Al Reem Islands. Through its TQD+ platform, TAQA Distribution continues to offer bespoke utility services to support the infrastructure demands of Abu Dhabi's rapidly evolving communities. For media enquiries: CorpComms@ About TAQA Distribution TAQA Distribution is a subsidiary of Abu Dhabi National Energy Company (TAQA), responsible for the planning, operation, maintenance, and enhancement of electricity and water distribution networks. Serving 1.1 million end-user connections, the company delivers reliable, efficient, and sustainable utility services through an advanced and resilient infrastructure. With a strong focus on innovation, digital integration, and customer experience, TAQA Distribution plays a vital role in enabling smart energy solutions. The company is committed to supporting TAQA's broader vision of providing secure, clean, and affordable power and water, while contributing to the UAE's long-term sustainability goals. For more details on TAQA Distribution, please visit or follow us on social media: @TAQADistribution For media queries, please contact: CorpComms@ About Abu Dhabi Airports Abu Dhabi Airports operates five commercial airports in the emirate, including Zayed International Airport, Al Ain International Airport, Al Bateen Executive Airport, Delma Island Airport and Sir Bani Yas Island Airport. Having welcomed over 29 million passengers through its airports in 2024, Abu Dhabi Airports is a gateway to the Emirates for travellers worldwide. It works towards its vision of positioning Abu Dhabi as a leading global aviation hub. Since November 2023, passengers travelling through Zayed International Airport have had the privilege of experiencing the new state-of-the-art terminal, which has significantly increased the airport's operational capacity and features world-class facilities for passengers and aviation operators while strengthening Abu Dhabi's position as a destination of choice.
CNA
14-05-2025
- Business
- CNA
Tower Semiconductor forecasts quarterly revenue above estimates on steady wireless chip demand
Contract chipmaker Tower Semiconductor forecast second-quarter revenue above Wall Street estimates on Wednesday, driven by strong demand for wireless communication and power management chips. The Israel-based company specializes in analog and mixed-signal semiconductor manufacturing, catering to industries such as automotive, industrial, consumer electronics and communications. While demand from key industries such as automotive has been choppy in recent quarters, with inventory corrections and softer electric-vehicle demand weighing on orders, Tower Semiconductor is benefiting from higher demand in other end-markets. The company said it saw record revenue from radio frequency infrastructure technologies, used in wireless communication and sensing applications. Tower Semiconductor forecast second-quarter revenue of $372 million, with an upward or downward range of 5 per cent, slightly above analysts' estimates of $371.3 million, according to data compiled by LSEG. Tower Semiconductor has also been ramping up capacity by expanding its facility in Agrate, Italy. While that has driven up costs, it still reported an adjusted profit of 45 cents per share in the first quarter, beating estimates of 38 cents. The company also reaffirmed its expectations for sequential growth in its quarterly revenues throughout the year. It reported revenue of $358.2 million for the quarter ended March 31, in line with estimates. The U.S.-listed shares of the company were down about 1 per cent in premarket trading.
