Partnership between Majid Al Futtaim and Veolia has grown significantly across the region
Marking two decades of operations in MENA, Enova, the regional leader in integrated energy and multi-technical services, is reporting that it has enabled total energy cost savings of more than AED 340mn (US$ 92.6mn) and a total carbon dioxide reduction of more than 430,000 tons for clients since its establishment as a partnership between Majid Al Futtaim and Veolia in 2002.
With four ESCO (energy service company) accreditations in the region, Enova delivers comprehensive and performance-based energy and facilities management solutions to the Middle East’s largest international airports, healthcare facilities, hotels and resorts, and shopping malls, as well as metros and trams.
According to Renaud Capris, CEO, demand for Enova’s services will continue to grow as organizations in MENA prioritize energy-efficient solutions. “As we enter our 20th anniversary year, the region is more focused on sustainability than ever before, and there is tremendous demand for energy efficiency enabled through technology and digitalization,” commented Capris.
Through its real-time Hubgrade monitoring dashboard, Enova’s clients receive predictive models and advanced data analysis of energy consumption, leading to opportunities to reduce further resource usage and meet their sustainability objectives.
Growth drivers
Supporting regional organizations with net-zero and sustainability strategy goals, Capris anticipates sizable growth opportunities in 2023 from the transportation, healthcare, hospitality, and industry sectors, with a considerable pipeline of energy performance demand coming from the region’s private sector.
Attracting, developing, and retaining talent in energy performance is a key goal for Enova, which employs more than 5,000 professionals across the MENA region, with a focus on nationalization in markets such as the Kingdom of Saudi Arabia and the UAE.
