The clean tech entrepreneurs behind Gridserve, the UK’s leading electric vehicle (EV) charging business powered by net zero energy, has unveiled Gigatons, a groundbreaking global technology and funding platform designed to accelerate the global transition to net zero.
Officially launched today (December 9) at Abu Dhabi Finance Week, working with the UAE Ministry of Energy and Infrastructure, The Abu Dhabi Investment Office (ADIO), Abu Dhabi Mobility, and major organisations such as ABB, the new entity has been set up in response to the urgent need to address climate change and deliver the 59 gigatonnes of annual carbon emission reductions required by 2050, to achieve net zero and keep global temperature rises to within 1.5 degrees of warming.
By harnessing advanced technologies including blockchain, AI, and cutting edge sustainable energy solutions, Gigatons aims to address three of the biggest barriers to delivering the gigaton-scale carbon emission reductions needed to support net zero; scaling infrastructure to decarbonise transport and energy, mobilising capital to scale new projects that tackle the climate crisis, and boosting transparency to improve trust and tackle greenwashing.
Engineer Sharif Al Olama, the Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, said: "The UAE is committed to driving an all-inclusive energy transition where we involve key actors in our drive to build a sustainable energy ecosystem. Forging partnerships with the private sector is key to achieving our goal. Governments provide the necessary regulatory frameworks and policy support that can guide and accelerate the adoption of clean energy solutions."
"However, it is the private sector’s innovation, investment, and technological advancements that drive the development and scaling of renewable energy systems. By working together, both sectors can create synergies that not only improve environmental outcomes but also foster economic growth, job creation, and technological leadership in the global market," stated Al Olama.
"Our partnership with Gigatons to explore investment opportunities in energy efficiency, green mobility, and digital transformation will go a long way in enabling a resilient, sustainable energy grid and efficient mobility systems that benefit society as a whole. Through such strategic alliances, we can ensure that the future of energy and transportation is both sustainable and economically viable," he added.
Headquartered in ADGM, Abu Dhabi, UAE, Gigatons draws inspiration and momentum from the achievements of Gridserve in the UK, which revolutionised the UK’s EV charging network.
Today, Gridserve’s Electric Highway charges nearly 250,000 electric cars, vans, and trucks every month with over 6 million kWh of 100% Net Zero energy.
“Gridserve demonstrated how innovation, sustainability, and customer-centric solutions could deliver significant impact,” said Toddington Harper, previously founder and CEO of Gridserve, now co-founder and co-CEO of Gigatons, CEO Gigaserve and Gridserve Global.
"With Gigatons, we are taking this mission global, scaling net zero solutions to deliver Gigatons of carbon reductions with the speed and scale required to limit global temperature rises to within 1.5 degrees of warming," he added.-TradeArabia News Service