Etihad ESCO signs a collaborative agreement with Talisen Technologies, Inc.
Oct. 2, 2017
In an endeavor to expand its services and to achieve sustainable development in the UAE, Etihad Energy Services Company (Etihad ESCO) signed a Memorandum of Understanding (MoU) with Talisen Technologies Inc. to jointly develop a Measurement and Verification (M&V) Centre in Dubai on 18 September 2017 at Etihad ESCO headquarters. The collaborative agreement was signed by Ali Al Jassim, CEO, of Etihad ESCO and Mohan Menon, Managing Director of Talisen International, LLC.
Etihad ESCO was established in 2013 as an initiative by Dubai Electricity & Water Authority (DEWA) to create a viable market in Dubai for building retrofits using Energy Services Companies (ESCOs). Talisen Technologies, Inc. is a US-based, recognized global leader of enterprise energy management data solutions for large-scale ESCO projects.
As per the agreement, the M&V Centre will be a dedicated measurement and verification hub aimed at delivering data centric, enterprise energy monitoring and management services.
“At Etihad ESCO, customers are at the core of our operations. As such, the establishment of the M&V Centre is a reflection of our commitment to utilise the most advanced and innovative technologies to ensure we deliver value to our customers. While the M&V Centre is an essential expansion of Etihad ESCO’s services, it will also enable us to utilise the latest Internet of Things (IoT) enabled technology to closely monitor the performance of all client assets under its scope,” said Ali Al Jassim, CEO of Etihad ESCO.
While the M&V Centre will enable Etihad ESCO to utilise smart technologies and Big Data Analysis to guarantee valuable savings for clients, it will also help measure and verify the Dubai Demand Side Management (DSM) Strategy targets and objectives set out under the Dubai Integrated Energy Strategy (DIES) 2030, which include reducing Dubai’s electricity and water consumption by 30% by 2030.
“Talisen hopes to be able to leverage its experience with managing energy and performance data for very large building portfolios in the US. We are very excited to be able to be a part of such a large and innovative project in the Middle East” said George Brill, CEO, Talisen Technologies, Inc.
Etihad ESCO has partnered with Talisen Technologies, Inc. to leverage their proven Enterprise Sustainability Platform (ESP) which will be the core of the data services. This platform has been used to manage building portfolio data for entire cities, states and hospital networks in the US. The Talisen ESP is currently being used to manage data for a customer base of 300 million square feet, with avoided energy costs of $190 million.
“Enterprise Energy Management is a ‘Team Sport’. The ESP platform and M&V Centre will provide an ‘arena’ where all stakeholders can come together to work out the best possible savings for each project. This will not only drive us closer to our goals of sustainable living, but also help us support UAE Vision 2021 and Dubai Energy Strategy 2050,” concluded Ali Al Jassim, CEO of Etihad ESCO.