Dubai, United Arab Emirates: A new era of clean, on-demand power is about to kick off in the UAE, bringing renewable energy to where it’s needed through a new joint venture, HYPR. The new venture is formed by leading on-demand vehicle refueling and services company, CAFU, the largest regional distributed solar power company, SirajPower, and climate impact investor, Creek.
Through this venture, HYPR will launch its on-demand energy systems using innovative battery storage across the UAE. This innovation will mark the first solution of its kind in the region using transportable lithium-ion batteries offering customers a reliable and economical alternative to diesel generators.
This company marks a new step in providing renewable energy solutions as an alternative to polluting diesel generators. As the UAE hosts COP28 in 2023 and demonstrates its global leadership in reducing carbon emissions, by investing in and developing measures to combat the effects of climate change through the United Arab Emirates National Climate Plan United Arab Emirates, this joint venture will contribute to this important program by providing a more sustainable environment. energy source.
Rashid Al-Ghurair, Founder and CEO, CAFU said “As a responsible business, contributing to a sustainable world is very important to us, and we are committed to developing and supporting disruptive solutions that will help lessen the impact on our environment. Bringing together CAFU, SirajPower and Creek, this company will bring to market an innovative new on-demand solution that provides a green and sustainable source of energy, committing to take meaningful steps to contribute to a carbon-neutral future. In our efforts to become a fuel-agnostic company, it is collaborations like HYPR that will accelerate the sustainable future to become a reality today.
Mohammed Abdulghaffar Hussain, chairman of Creek and co-founder of SirajPower “This common platform will help improve and solve some of the recurring challenges faced by companies in the construction and industrial sectors when connecting to the grid is not a viable option. SirajPower’s successful Solar-as-a-Service model for distributed solar projects will be adapted to Hypr’s on-demand solar power systems. Through this partnership, we are introducing a fully funded energy storage solution using mobile systems to help customers save money and reduce their carbon footprint. As an end-to-end solar service provider, we want to support companies in their transition to clean energy. »
CAFU is one of the world’s leading fuel delivery and vehicle service platforms. Since launching in Dubai in 2018, CAFU has continued to drive innovation, champion convenience and give back to customers the most valuable asset of all time.
Ranked number one in LinkedIn’s Top Startups 2021 list, CAFU continues to improve lives through better automotive connectivity, predictive features, and innovations that evolve the customer experience and ease of use to make driving better. a simpler, smarter car.
Starting with on-demand refueling, CAFU continues to disrupt the status quo, connecting customers to an ever-growing list of convenience-focused services, including on-demand car wash, battery, tire and engine oil changes provided anytime, anywhere. The CAFU app is available for download on Android and iOS. To learn more, visit https://www.cafu.com
About Siraj Power
SirajPower, a Creek Capital portfolio company, is the regional leader in distributed solar power. SirajPower offers complete turnkey solutions combining development, financing, construction and operation of solar roofs and carports. Since its creation in 2015, SirajPower has more than 100 employees with a portfolio of 100 MWp of financed solar assets spread over 600,000 m². With 200 buildings in operation and maintenance, SirajPower is growing rapidly to become the regional Green Champion reducing more than 80,000 tons of CO2 emissions per year.
For more information on SirajPower, please visit: www.sirajpower.com
About the stream
Creek is a Dubai-based climate impact investor. We invest in sustainable, decentralized infrastructure to help individuals, businesses and communities maximize their savings and reduce their carbon footprint. At Creek, we focus on two verticals: energy transition and the circular economy. We establish new businesses or acquire platform companies that promote subsectors under each vertical. Our portfolio companies are harnessing technology and finance to create a world where zero emissions and zero waste goals are not only possible, but profitable. Where climate and capitalism are aligned. A world where zero becomes positive.
For more information on Creek, please visit: www.creekcapital.com
© Press Release 2022