Dubai-based company makes a technological leap in battery storage capacity
Dubai-based Al Burhan International Development Company this week announced a $20 million (AED 75 million) investment in InnerCap Holdings Pte Ltd (InerCap), the holding company behind the invention, development, manufacture and marketing of supercapacitor energy storage in Dubai. industrial.
Energy storage is a key component of the energy transition, as energy and carbon removal require performance beyond the reach of chemical batteries.
The super capacitor energy storage technology, developed by the subsidiaries of EnerCap in Dubai, has successfully met these challenging requirements - in terms of non-chemical supercapacitors, long service life, no reduction in capacity, environmental sustainability, recyclability, and availability of raw materials.
The irreversible nature of the energy storage enables the supercapacitor to provide sustainable capacity, which can be estimated over its 25-year life cycle, which is critical to storage capacity, in terms of market value when making energy storage investments.
“Stable, predictable and long-term production from energy storage is essential to efficiently scale up LAAS (Infrastructure as a Service) and allow us to improve the lives of people within communities around the world,” said Shahal Khan, CEO of Al Burhan International.
Whereas, conventional batteries do not provide the reliability or longevity needed to attract the investment needed to make a difference in infrastructure and electrification.
Developed by EnerCap subsidiaries in Dubai, Supercapacitor Energy Storage provides a leap in critical storage technology, to accelerate the adoption of renewables, electric transmission, and decarbonization, when most urgently needed We are excited to support Waseem Qureshi and his team, in their vision to enable decarbonization, electrification, and a shift to supercapacitor energy storage from chemical storage.”
InnerCap CEO and Technology Inventor, Waseem Ashraf Qureshi, said: “We are pleased with the investment by Al-Burhan International, which will accelerate our growth worldwide, expand our product range, and provide solutions in all applications of innovative storage technology. It is expected that we can do so. From participating in Al Burhan International’s mission, which is to develop the largest smart solutions for the LAAS system in the UAE, and implement them globally, to unite efforts in order to create a positive long-term impact and change that helps in the development of our society.”
Al Burhan's investment in InnerCap will increase the infrastructure of the company and its subsidiaries, as well as create job opportunities in the UAE.
Omar Ghani, Chief Strategy Officer at EnerCap, added: “From rechargeable AA cells, to mobile phone storage to EV charging stations, to utility class storage, we have spent the past five years building the world’s most advanced energy storage solutions – and now, this The market is ready to take off."
Supercapacitor storage technology will provide storage solutions to produce a practical, high-performance product - long-lasting, irreversible with fast charging, fully recyclable and cost-effectiveness.
“The investment of Al-Burhan will enable us to prepare for the NASDAQ listing around the end of the year, giving us access to sustainable long-term capital,” said Bilal Sheikh, chief operating officer of Enercap.
The human capital and infrastructure available in the UAE are unparalleled in the region, and provide the basis for the continuous development of innovative technologies and products.
Besides focusing on renewable energy and efficiency, the environment is conducive for innovators and inventors, to build solutions to the world's complex energy problems, on a par with global innovation centers in the United States, Europe and Asia.
The investment, which is among the largest in the region for energy storage technology, which has been developed in the UAE, is a testament to the Emirati leadership's focus on innovation and development in tackling climate change.
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