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EWEC (Emirates Water and Electricity Company), a leading integrated coordination company for hydropower planning, procurement and supply in the UAE; Zero Two, a leading digital asset infrastructure development company headquartered in Abu Dhabi, jointly announced the largest clean energy certificate to date ( CEC) procurement, covering 7.3 million MWh of clean energy.
The purchase agreement was signed by Ahmed Hameli, CEO of Zero Two; Othman Al Ali, CEO of EWEC.
Purchased through EWEC’s CEC auction process, these CECs are not only the largest single CEC purchase to date, but also a first for the digital asset infrastructure space.
decarbonization operation
Under the purchase agreement, EWEC will provide Zero Two with clean energy certificates to decarbonise its operations and support the company’s progress towards its sustainability goals.
Othman Al Ali, CEO of EWEC, said: “Our clean energy deal with Zero Two presents a unique opportunity for EWEC to further accelerate the country’s energy transition and industrial decarbonization in line with the UAE’s 2050 Net Zero Strategic Initiative. “
He added: “This is the first transaction in the digital asset infrastructure space and the largest single CEC purchase to date, demonstrating the commitment of EWEC and Zero Two to support the country’s sustainable development and environmental agenda, and that it is a UAE entity An example of practical steps that can be taken to decarbonize business and address the urgent challenge of climate change.”
Ahmed Al Hameli, CEO of Zero Two, said: “Purchasing EWEC’s clean energy certificate demonstrates our commitment to sustainable development and to decarbonizing our digital asset infrastructure. Operating our assets on clean energy enables us to support the Dhabi’s transformation into a sustainable economic powerhouse also contributes to the UAE’s long-term vision of a net-zero future.”
sustainable development goals
Zero Two works with leading entities in the energy and utilities sector, the digital assets sector, and several government agencies. The company aims to lead the development of the digital asset and Web3 ecosystem in Abu Dhabi and the region by investing in and adopting cutting-edge technologies.
Francois Brice, Executive Director of Fuels and Commerce at EWEC, said: “We are proud to provide Zero Two with clean energy, enabling them to achieve their sustainability goals by supporting the decarbonization of their digital asset infrastructure.
The Clean Energy Certificate Scheme enables organizations from various sectors and industries to actively contribute to a sustainable future and we encourage other entities in the UAE to participate in our upcoming CEC auctions. “
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