Dubai''s National Industries Park secures over AED 1 billion in
National Industries Park (NIP), DP World''s industrial hub in Dubai, has secured more than AED 1 billion in new projects so far this year, underlining strong investor confidence
Additionally, Enercap Energy Holding Limited has agreed to acquire an existing manufacturing facility in Dubai Industrial City (DIC), which will be upgraded to 6GWh/year capacity. Enercap has a current global demand of over 30GWH of large-scale battery energy storage systems (BESS).
With a storage capacity of over 1500 MW, it uses water stored in the Hatta Dam to generate solar energy. Dubai is spearheading the development of novel technologies for green hydrogen production using clean and renewable energy. Green hydrogen production is projected to increase by 57% annually, reaching 5.7 million tonnes in 2030.
Dubai Electricity and Water Authority 'DEWA' unveiled an ambitious industry-friendly energy policy that encourages manufacturers, factories, data centres and agritech firms to use solar power matching their total connected load.
The joint venture is set to meet exponential growth in demand, which has been stimulated in recent years by the onset of energy storage being used with renewable energy, to balance the grid, electric vehicle manufacturing and power management optimisation and backup requirements for industries such as data centres.
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