Enercap Holdings and Apex Investments team up to
The superior performance of supercap energy storage compared to traditional lithium-ion batteries, such as higher energy and power density, longer cycle life, and wide
Dubai-based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi-based Apex Investment, a leading diversified investment holding company, have formed a joint venture to build 16GWh per year manufacturing capacity of supercap energy storage, a cutting-edge technology with features that surpass the commonly used lithium-ion technology.
This will be the largest supercap energy storage manufacturing capacity in the world and one of the largest energy storage or battery manufacturing facilities. As part of this collaboration, Enercap Energy Holding Limited, the joint venture, will establish a fully automated 10GWh/year manufacturing facility in Mussafah Industrial Zone, Abu Dhabi.
Additionally, Enercap Energy Holding Limited has agreed to acquire an existing manufacturing facility in Dubai Industrial City (DIC), which will be upgraded to 6GWh/year capacity. Enercap has a current global demand of over 30GWH of large-scale battery energy storage systems (BESS).
Enercap's energy storage systems are designed, developed and manufactured in the UAE. ROX's collaboration with Enercap will enable an advanced nonchemical supercapacitor-based energy storage to be applied to the ROX vehicle range.
Enercap delivers an energy storage system that increases vehicle range, supports a 6-minute 100% charge, is an environmentally sustainable product using synthetic graphene as the main material in its energy storage system.
The joint venture is set to meet exponential growth in demand, which has been stimulated in recent years by the onset of energy storage being used with renewable energy, to balance the grid, electric vehicle manufacturing and power management optimisation and backup requirements for industries such as data centres.
The superior performance of supercap energy storage compared to traditional lithium-ion batteries, such as higher energy and power density, longer cycle life, and wide
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Dubai-based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi-based Apex Investment, a leading diversified
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