Abu Dhabi: EPointZero, the decarbonisation arm of 2PointZero, a global investment platform, today announced the strategic purchase of a 1 GWh battery system from UAE-based Enercap by Apex Energy, the supercap energy storage manufacturer. The transaction represents a move to strengthen global energy transition frameworks and scale resilient infrastructure to accelerate a net-zero future.
According to Emirates News Agency, the agreement was signed at the Make it in the Emirates 2025 by Mariam Almheiri, Group CEO of 2PointZero and Ahmed Amer Omar, Managing Director of Apex Investment PSC and Enercap. The signing was witnessed by Mohamed Hesham, Group CIO of 2PointZero, Waseem Ashraf Qureshi, CEO-CTO and Inventor Enercap by Apex Energy and Khalifah Khoury Chairman, Enercap by Apex Energy, reflecting a strong institutional alignment and a shared commitment to advancing clean energy innovation in the UAE and globally.
This industry-leading energy storage system is set for deployment across electrical grids in the UAE, accelerating the energy transition and the pathway to Net Zero. Enercap's proprietary storage solution, based on supercapacitor innovation, offers the world's first non-chemical, electrostatic energy storage system that functions with traits of capacitor-based capabilities that can now behave like batteries. This technology is the first of its kind to be launched globally on an industrial scale.
Commenting on the transaction, Mariam Almheiri stated that this investment marks an important step in advancing EPointZero's mission to catalyse the global transition to low-carbon energy. She emphasized the commitment to enabling next-generation infrastructure that is not only cleaner but also smarter and more resilient. Partnering with Enercap allows embedding cutting-edge storage capabilities into energy systems that must be scalable, thus driving tangible progress by aligning breakthrough innovation with long-term sustainability goals.
Mohamed Hesham added that the partnership represents an opportunity in aligning their portfolio with emerging technologies and energy solutions. By leveraging Enercap's offering, they position themselves to deliver long-term decarbonising solutions to the energy sector while staying ahead in the evolving landscape. This is not just a financial commitment but a strategic milestone that aligns perfectly with the UAE's vision for innovation and sustainable growth.
Ahmed Amer Omer expressed satisfaction in collaborating with EPointZero on this initiative that brings advanced energy storage solutions to the forefront of global sustainability efforts with technology designed, developed, and manufactured in the UAE. Their technology is designed to meet the growing need for efficient, scalable, and environmentally responsible storage infrastructure.
The transaction underscores the UAE's continuous leadership in responsible investments, reaffirming the commitment to fostering future economies through strategic innovation.