Emirates Central Cooling Systems Corporation PJSC

The document is a directors' report and consolidated financial statements of the Emirates Central Cooling Systems Corporation P.J.S.C for the fiscal year ending on 31 December 2023. The report provides an overview of the company's financial performance and operations during the said period.

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, and the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) have signed a Memorandum of Understanding to develop a third-generation District Cooling System. The agreement was signed at the ASHRAE Conference 2024 in Chicago. The project, part of Empower's strategic roadmap, aims to strengthen the global leadership of Empower and the UAE in the field of district cooling. The research will focus on transitioning from traditional district cooling systems to innovative third-generation models, with a focus on AI-driven energy management and sustainable, environmentally-friendly cooling solutions.

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has signed a Memorandum of Understanding (MoU) with the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) to develop a global standard for district cooling. The standard will be adopted by countries with emerging district cooling infrastructure by 2025. The MoU was signed at the ASHRAE Conference 2024 in Chicago, USA. The goal of this collaboration is to improve environmental, economic, and social conditions through the adoption of district cooling in diverse urban environments and communities worldwide.

Dubai-based Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, will participate in the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) Conference and Expo 2024 in Chicago, USA. The event, which runs from 20 to 24 January, will allow Empower to gain insights into energy-efficient cooling solutions and technologies. The conference features professional events such as dialogue sessions, panel discussions, and educational workshops. Empower and ASHRAE aim to sign an agreement at the conference to work on the District Cooling Guide for the development of a District Cooling Standard, which could have significant environmental, climatic, and economic benefits.

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has announced its diamond sponsorship of leading district cooling conferences and exhibitions in 2024, including events hosted by the International District Energy Association (IDEA). The sponsorship includes IDEA Campus Energy2024 in San Francisco, IDEA2024 in Orlando, and other webinars and workshops throughout the year. Empower is the first Middle Eastern organization to take on the role of a diamond sponsor for international conferences. The events attract delegations and experts from over 30 countries. Empower aims to strengthen its global position and build cross-continental connections through this sponsorship.

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, recently held a meeting with hotel operators in Dubai to discuss new plans and share sustainability initiatives. The meeting was part of the response to the outcomes of the COP28 event hosted by the UAE. The attendees visited the Dubai Healthcare City District Cooling plant to learn about Empower's success in providing sustainable cooling services. Empower currently provides its environmentally friendly cooling services to over 21% of hotels in Dubai, including high-profile properties like the Burj Al Arab and the Atlantis The Royal. The meeting also discussed ideas and methods for environmental protection, water usage efficiency, and maintenance processes in district cooling operations.