{"id":77276,"date":"2023-05-07T22:52:42","date_gmt":"2023-05-07T22:52:42","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/"},"modified":"2023-05-07T22:52:42","modified_gmt":"2023-05-07T22:52:42","slug":"empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/","title":{"rendered":"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows"},"content":{"rendered":"

<\/a> A mixed 1Q for Empower: <\/strong>Emirates Central Cooling Systems\u2019 (Empower) net income dropped 7.7% y-o-y in 1Q 2023 to AED 167.4 mn, the company\u2019s financial statement (pdf)<\/a> for the period showed. Revenues for the first quarter of the year were up by 6% y-o-y to AED 494 mn on the back of an increased appetite for district cooling in Dubai, according to its earnings release (pdf)<\/a>.<\/p>\n

Empower attributed its rising revenues during 1Q to growing demand for its <\/strong>services across Dubai<\/strong>, particularly for its newly added mixed-use projects, and a rise in production and operational capacity during the period, the release notes. The growth is mainly attributed to a rise in sustainable revenues from the real estate sector, the company\u2019s main business pillar. The projects include concession agreements with leading real estate developers in Dubai, including an agreement in February<\/a> with the Dubai Maritime City (DMC) to provide district cooling services with a capacity of more than 63k refrigeration tons (RT). It also began operations at its new district cooling plant in Dubailand<\/a> with a total production capacity of 47k RT, it added.<\/p>\n

What they said:<\/strong> \u201cEmpower is determined to continue to grab investment opportunities in the market and to maintain its outstanding performance to ensure rewarding and sustainable returns for shareholders,\u201d company CEO Ahmad bin Shafar said. \u201cThe company will continue investments in its portfolio of assets and infrastructure to serve the growing demand in the region\u2019s district cooling market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

A mixed 1Q for Empower: Emirates Central Cooling Systems\u2019 (Empower) net income dropped 7.7% y-o-y in 1Q 2023 to AED 167.4 mn, the company\u2019s financial statement (pdf) for the period showed. Revenues for the first quarter of the year were up by 6% y-o-y to AED 494 mn on the back of an increased appetite […]<\/p>\n","protected":false},"author":1,"featured_media":77277,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[106],"tags":[199,105,282,11,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-district-cooling","tag-earnings-watch","tag-empower","tag-enterpriseclimate","tag-uae","wpautop","entry"],"acf":{"mongo_id":"f730b7f3-d0d8-4408-9d28-b0f118be58f5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1840.jpeg","photo_position":"above","related_issue":[77262],"teaser":"","voice_url":""},"yoast_head":"\nEmpower\u2019s 1Q 2023 revenues are up as demand for district cooling grows - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows\" \/>\n<meta property=\"og:description\" content=\"A mixed 1Q for Empower: Emirates Central Cooling Systems\u2019 (Empower) net income dropped 7.7% y-o-y in 1Q 2023 to AED 167.4 mn, the company\u2019s financial statement (pdf) for the period showed. Revenues for the first quarter of the year were up by 6% y-o-y to AED 494 mn on the back of an increased appetite […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-07T22:52:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows\",\"datePublished\":\"2023-05-07T22:52:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/\"},\"wordCount\":251,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1\",\"keywords\":[\"district cooling\",\"EARNINGS WATCH\",\"Empower\",\"EnterpriseClimate\",\"UAE\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/\",\"name\":\"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1\",\"datePublished\":\"2023-05-07T22:52:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/","og_locale":"en_US","og_type":"article","og_title":"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows","og_description":"A mixed 1Q for Empower: Emirates Central Cooling Systems\u2019 (Empower) net income dropped 7.7% y-o-y in 1Q 2023 to AED 167.4 mn, the company\u2019s financial statement (pdf) for the period showed. Revenues for the first quarter of the year were up by 6% y-o-y to AED 494 mn on the back of an increased appetite […]","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/","og_site_name":"Climate","article_published_time":"2023-05-07T22:52:42+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows","datePublished":"2023-05-07T22:52:42+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/"},"wordCount":251,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1","keywords":["district cooling","EARNINGS WATCH","Empower","EnterpriseClimate","UAE"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/","name":"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1","datePublished":"2023-05-07T22:52:42+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/05\/07\/empowers-1q-2023-revenues-are-up-as-demand-for-district-cooling-grows\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Empower\u2019s 1Q 2023 revenues are up as demand for district cooling grows"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1840.jpeg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-k6o","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=77276"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77276\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/77262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/77277"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=77276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=77276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=77276"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=77276"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}