Empower reports 54% increase in consumption of district cooling services over the past five years

Empower reports 54% increase in consumption of district cooling services over the past five years

Empower’s share of Dubai’s district cooling market exceeded 80% by the end of 2023 as the growing annual rates of consumption for its district cooling services in Dubai is one of the strongest drivers of sustainable revenues and profitability.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling service provider, has announced a record increase of 54% in the volume of consumption of its district cooling services (Refrigeration Ton hours) over the past five years. The increase in the year 2023 alone was 16% compared to 2022.

Empower attributed the remarkable growth in demand for its services in various areas across Dubai to the high occupancy rates in existing real estate projects, and a significant increase in the new mixed-use projects added to its portfolio.

During 2023, Empower delivered district cooling services to a total of 1,527 buildings, across diverse sectors in Dubai. Residential and commercial buildings constitute 66% and 14% of Empower’s clients, respectively. The hotel and hospitality sector represents 13%, the health sector accounts for 2%, and the remaining 5% is distributed among education, entertainment, shopping centers and other sectors.

Ahmad bin Shafar, CEO of Empower, said: “Empower continues to expand the scope of its services and develop its