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 cost-effective alternative to diesel generators.
HYPR will bring together a range of key strengths from each organization involved in the partnership. The battery storage systems used by HYPR will be developed by SirajPower, a Creek portfolio company with more than 200 solar sites across the UAE. The new company will also benefit from CAFU’s on-demand customer-centric approach, combined with its unique routing capabilities and operational expertise in optimizing B2B deliveries, to develop an efficient and seamless customer experience. HYPR will use its own balance sheet to invest in the battery modules so customers can be offered a pay-as-you-go model with no upfront capital requirement.
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. »