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Enova achieves total cost savings of more than $92.59 million over 20 years

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Enova is a regional leader in integrated energy and multi-technology services, with total energy cost savings of more than AED 340 million (US$ 92.59 million) and total CO2 emissions reduction of more than 430,000 tonnes over the past 20 years of operation. Founded in 2002 by Majid Al Futtaim and Veolia, Enova has grown rapidly in the Gulf, Egypt, Levant and Türkiye.

Accredited by four ESCOs (Energy Services Company) in the region, Enova provides comprehensive, performance-based energy and facility management solutions to the Middle East’s largest international airports, healthcare facilities, hotels and resorts, shopping malls, and metros and trams plan.

Demand for Enova’s services will continue to grow as organizations in the MENA region prioritize energy-efficient solutions, according to CEO Renaud Capris. “As we enter our 20th anniversary, the region is more focused than ever on sustainability and there is a huge demand for energy efficiency through technology and digitalization. Additionally, the UAE has declared 2023 as the ‘Year of Sustainability’ , COP28 will be held in Dubai, marking the second year in a row that the global event will be held in the region,” Capris said.

energy efficiency

“In this context, Enova’s top priority for the next decade is to improve our customers’ energy efficiency, reduce their carbon footprint, and provide clean, renewable energy solutions through a combination of global innovation and regional and industry expertise, ’ he added.

Through its real-time Hubgrade monitoring dashboard, Enova’s customers have access to predictive models and advanced data analysis of energy consumption, giving them the opportunity to reduce further resource usage and achieve their sustainability goals.

By combining energy performance with facilities management solutions, Enova enables organizations in the public and private sectors to focus on their operations and core competencies.

growth drivers

Capris supports regional organizations with strategic goals for net zero emissions and sustainable development, and expects significant growth opportunities in the transport, healthcare, hospitality and industrial sectors through 2023, with significant energy performance demand from the region’s private sector.

“Solar PV technology is one of Enova’s growth drivers in 2023 and beyond,” continued Capris. “At the same time, energy-efficient solutions are increasingly enabling regional organizations to optimize costs while equally reassuring their own customers that there are measurable and sustainable approaches to reducing electricity and water use.”

Attracting, developing and retaining energy performance talent is a key objective for Enova, which employs more than 5,000 professionals in the MENA region, with a focus on nationalization in markets such as Saudi Arabia and the UAE.

Increased market regulation and regional focus on digital transformation are key trends driving Enova’s continued expansion over the next 10 years. “As more and more companies focus their countries on measurable sustainability goals, automation of buildings and systems becomes more prevalent, and artificial intelligence and other innovations provide deeper insights and digital improvements,” Caprice concludes. — trade arab news agency

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