A diversified investment company announced
to build a massive 16GWh per year
manufacturing capacity for energy storage
Staff Reporter
Karachi/ Abu Dhabi: Dubai-based Enercap Holdings, a leading supercap energy storage manufacturer, and Abu Dhabi’s Apex Investments PSC, a diversified investment company, have announced a joint-venture to build a massive 16GWh per year manufacturing capacity for supercap energy storage. This cutting-edge technology surpasses conventional lithium-ion storage, addressing the growing global demand driven by renewable energy, electric vehicles, and industrial power management.
World’s Largest Supercap Energy Storage Facility
The new joint-venture, Enercap Energy Holding Limited, will establish a 10 GWh/year fully automated manufacturing facility in Mussafah Industrial Zone, Abu Dhabi. Additionally, it will acquire and upgrade an existing facility in Dubai Industrial City (DIC) to a 6 GWh/year capacity. This will make it the largest supercap energy storage manufacturing capacity in the world, outpacing other global energy storage or battery production facilities.
In the partnership, Apex Energy Holding Limited will hold 65% of the joint-venture’s share capital, while Enercap SPV Limited will take 35%.
Supercap Energy Storage: The Future of Energy
Supercap energy storage, developed by Enercap in the UAE, offers several advantages over lithium-ion batteries. Key features include:
- Long life cycle: Up to 25 years with no degradation.
- High energy and power density: 2.5x and 5x greater than lithium-ion, respectively.
- Safety: Operates in extreme temperatures from -30°C to +70°C without the risk of thermal runaway.
- Recyclability: Environmentally sustainable and fully recyclable.
- Efficiency: 99% round-trip efficiency compared to 85% for lithium-ion.
These attributes make supercap storage ideal for renewable energy integration, electric vehicle manufacturing, and industries requiring high-performance backup, such as data centers.
CEO Insights on the Joint-Venture
Mark Blackwell, CEO of Apex, emphasized the need for reliable, long-life energy storage to scale up renewable energy solutions. He highlighted that conventional batteries lack the longevity to attract significant investment for renewable energy projects. Supercap storage, with its advanced technology, is positioned to accelerate the global shift toward electrification and decarbonization.
Waseem Ashraf Qureshi, CEO of Enercap Holdings and inventor of the supercap technology, shared his excitement about the joint-venture, stating, “This partnership will drive global growth and expand our energy storage solutions across various industries, from EV charging stations to utility-grade storage.” He further noted that the market is ready to embrace supercap technology, which delivers superior performance in terms of safety, efficiency, and cost-effectiveness.
UAE as a Hub for Energy Innovation
The UAE’s human capital and infrastructure make it an ideal location for technological advancements. With a focus on renewable energy, the region provides a conducive environment for innovators like Enercap to develop solutions that meet global energy challenges, rivaling innovation hubs in the US, Europe, and Asia.
