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HomeTechThe World’s Largest Supercap Energy Storage to Be Built in Abu Dhabi

The World’s Largest Supercap Energy Storage to Be Built in Abu Dhabi

UAE firms Enercap Holdings and Apex Investments have formed a joint-venture to build 16GWh per year supercap energy storage – which will host the largest capacity in the world.

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UAE firms Enercap Holdings and Apex Investments have formed a joint-venture to build 16GWh per year supercap energy storage – which will host the largest capacity in the world.

According to Enercap CEO Waseem Ashraf Qureshi, who also happens to be the inventor of their technology solutions, claims that the manufacturing facility will have cutting-edge features that surpasses the current lithium-ion technology.  

The joint-venture will establish a fully automated 10 GWh/year manufacturing facility in Abu Dhabi. Additionally, Enercap Energy Holding Limited has agreed to acquire an existing manufacturing facility in Dubai Industrial City which will be upgraded to 6 GWh/year capacity.

According to Qureshi, Enercap has a current global demand of over 30GWH of large-scale battery energy storage units (BESS). Apex Energy Holding Limited will take 65% and Enercap SPV Limited 35% of the share capital in the joint-venture.

“Enercap’s supercap based energy storage’s non-degrading, long lasting attribute along with the ability to operate in wide temperatures, allows it to deliver consistent and predictable capacity over its 25-year life cycle, which is essential for the bankability that the market values when making energy storage investments,” says Qureshi. 

Apex CEO Mark Blackwell agrees. “Stable, predictable and long-life performance from energy storage is essential to efficiently scale its deployment with renewable generation to replace fossil fuel-based electricity generation. The benefits of supercap storage are driving demand and we are excited to support Waseem Qureshi and his team in their vision to build capacity to enable decarbonization, electrification and the shift to supercap based energy storage”.

According to Blackwell, supercap energy storage solutions are long lasting, degradation free, fast charging, safe, fully recyclable and cost effective.

“Enercap’s proprietary and disruptive technology will play an important role to accelerate global decarbonization ambition, with its technology serving the energy storage, electric vehicle and consumer markets,” says Blackwell.

Qureshi says that the JV will enable them to expand their product portfolio offerings to deliver solutions in every application where storage is deployed.

“We believe that this is the future of energy storage,” says Qureshi.

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