• Business

EWEC and Zero Two have jointly announced their largest single purchase of clean energy certificates to date.

by Swati Gupta

May 24, 2023 6

EWEC (Emirates Water and Electricity Company), a prominent entity responsible for the integrated coordination of water and electricity supply in the UAE, has partnered with Zero Two, a leading digital assets infrastructure development company based in Abu Dhabi, to make a significant announcement. Together, they have revealed the largest single purchase of Clean Energy Certificates (CECs) to date, encompassing an impressive 7.3 million megawatt hours of clean energy. This monumental purchase agreement was officially signed by Ahmed Al Hameli, Chief Executive Officer of Zero Two, and Othman Al Ali, Chief Executive Officer of EWEC.

The acquisition of these CECs, which were obtained through Emirates Water and Electricity Company’s CECs auction process, marks a groundbreaking milestone in the industry. Not only does it represent the largest purchase of CECs ever made in a single transaction, but it also signifies the first such purchase within the digital assets infrastructure sector. The strategic collaboration between EWEC and Zero Two highlights their shared commitment to sustainability and the pursuit of clean energy solutions.

By securing this substantial amount of CECs, Emirates Water and Electricity Company aims to provide Zero Two with the necessary resources to decarbonize its operations and advance its sustainability goals. This purchase aligns with Zero Two’s vision of leveraging digital assets infrastructure to drive positive environmental impact and promote sustainable practices. Through the utilization of clean energy certificates, Zero Two will be able to offset its carbon emissions, contributing to a greener and more environmentally friendly business model.

The use of Clean Energy Certificates is an integral part of the global effort to combat climate change and transition towards a cleaner, more sustainable energy future. These certificates represent proof that a certain amount of electricity has been generated from renewable energy sources, effectively reducing carbon emissions. By purchasing CECs, companies like Zero Two can take proactive steps to offset their environmental footprint and demonstrate their commitment to sustainability.

The partnership between Emirates Water and Electricity Company and Zero Two highlights the growing importance of clean energy and sustainability in the business landscape. As organizations across various sectors increasingly recognize the significance of reducing their carbon emissions, the demand for clean energy certificates continues to rise. The joint announcement by EWEC and Zero Two not only reinforces their dedication to environmental stewardship but also sets a powerful example for other companies to follow suit and embrace sustainable practices.

The UAE, with its strong focus on clean energy and sustainability, has positioned itself as a global leader in the renewable energy sector. Through initiatives like the purchase of CECs, the country is actively promoting the adoption of clean energy and supporting the transition towards a low-carbon economy. The collaboration between Emirates Water and Electricity Company and Zero Two further strengthens the UAE’s position as a frontrunner in sustainable development and highlights the commitment of local companies to driving positive change.

As the largest single purchase of Clean Energy Certificates to date, this milestone achievement by Emirates Water and Electricity Company and Zero Two sets a new benchmark for the industry. It demonstrates the significant progress being made in the adoption of clean energy solutions and showcases the potential for collaboration between traditional utilities and innovative digital assets infrastructure companies. By working together, these entities are contributing to a more sustainable future, where clean energy plays a central role in powering economic growth and mitigating climate change.

In conclusion, the joint announcement by Emirates Water and Electricity Company and Zero Two regarding their largest single purchase of Clean Energy Certificates underscores their commitment to sustainability and clean energy solutions. This milestone achievement not only represents a significant step forward in the adoption of clean energy practices but also sets a powerful example for other companies to follow. With this partnership, EWEC and Zero Two are driving positive change and contributing to a greener, more sustainable future for the UAE and beyond.