INTELLIGENT BRANDS // Green Technology
Ajman Bank partners with Positive Zero through ten-year , Shared Savings Energy Performance Contract
Ajman Bank announced a new contract with Positive Zero , that will enable huge cost and carbon footprint savings . By implementing Positive Zero ’ s fully financed energy efficiency solutions at their headquarters , Ajman Bank expects to save 28 % on energy costs and reduce carbon dioxide emissions by 752 tons annually , equivalent to planting 11,300 trees .
Positive Zero is the provider in decarbonising businesses and communities in the Middle East through a range of on-site clean power , energy efficiency , and electric mobility solutions . costs , setting a new benchmark for sustainable practices in the banking industry .”
David Auriau , Co-Founder and CEO of Positive Zero , commented on the occasion : “ Energy efficiency is an imperative to meet the country ’ s ambitions to become over 40 % more efficient by 2050 .”
Positive Zero ’ s team provide financing , implementation , long-term operations , and proactive maintenance of the project ’ s implemented measures . The project is based on Positive Zero ’ s model of providing decarbonisation-as-a-service , with no camp in UAE , which has helped the facilities management company reduce its energy consumption by 20 %.
Established in 2020 , AEMACO initially focused on air conditioning systems , ACs and developed its own hardware and software solution for monitoring and controlling ACs , making the first of its kind in the UAE and Saudi markets .
The company ’ s IoT hardware , comprising sensors and transmitters , has the capability to interface with the AC units across various buildings , while the software consolidates all directives to manage the devices .
David Auriau , Co-Founder and CEO , Positive Zero
The project involves a 10-year Shared Savings Energy Performance Contract , SSEPC delivered by Positive Zero ’ s energy efficiency arm , Taka Solutions , which is the provider of energy efficiency services in the region . It includes the implementation of eight energy efficiency measures , or EEMs tailored to Ajman Bank ' s facilities , in line with its robust commitment to environmental sustainability .
Mustafa Al Khalfawi , CEO of Ajman Bank , said : " Leveraging on Taka Solutions ’ expertise in energy management , we aim to significantly reduce our carbon footprint and operational
Mustafa Al Khalfawi , CEO Ajman Bank
up-front investment by customers . This approach is more accessible for the many organisations who are looking to switch to more sustainable practices , such as the
Saboor Ahmad , CEO AEMACO
deployment of integrated clean energy and efficient technologies .
AEMACO deploys energy management solution at Servhub
AEMACO , a provider of comprehensive energy management solutions , announced that it has successfully deployed its energy management solution at Servhub ’ s labour
AEMACO worked with PROVEN Solution to develop this energy management solution and implemented it at Servhub ’ s labour camp facility in the UAE . The unified platform solution helped the facility reduce energy consumption , lower maintenance costs and increase equipment lifespan . The combination of the IoT hardware device AirEcon and the AI-enabled software allows users to optimise energy usage automatically and boost energy efficiency .
“ Recognising the impact of utility consumption on building management costs , we aimed to develop a solution that would reduce expenses , improve energy efficiency , and incorporate automation . We began with air conditioners , given their significant power consumption in the Middle East , and plan to expand our focus on water and electricity ,” said Saboor Ahmad , CEO AEMACO . p
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