{"id":1191,"date":"2024-12-10T01:20:00","date_gmt":"2024-12-09T21:20:00","guid":{"rendered":"https:\/\/www.utilitybusinessmena.com\/?p=1191"},"modified":"2024-12-10T01:20:00","modified_gmt":"2024-12-09T21:20:00","slug":"gridserve-founders-launch-100-billion-co%e2%82%82-reduction-platform-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/cheeltech.com\/utilitybusinessmena\/electricity\/gridserve-founders-launch-100-billion-co%e2%82%82-reduction-platform-in-abu-dhabi","title":{"rendered":"GRIDSERVE founders launch $100 billion CO\u2082 reduction platform in Abu Dhabi"},"content":{"rendered":"\n<p>Press Release: The clean tech entrepreneurs behind <a href=\"https:\/\/www.utilitybusinessmena.com\/renewable-energy\/renewable-energy-rise-under-threat\" data-type=\"post\" data-id=\"177\" rel=\"nofollow noopener\" target=\"_blank\">GRIDSERVE<\/a>, the UK\u2019s leading electric vehicle (EV) charging business powered by net zero energy, have unveiled GIGATONS, a groundbreaking global technology and funding platform designed to accelerate the global transition to <a href=\"https:\/\/www.utilitybusinessmena.com\/news\/adipec-2024\/emphor-to-lead-charge-towards-net-zero-at-adipec-2024\" data-type=\"post\" data-id=\"873\" rel=\"nofollow noopener\" target=\"_blank\">net zero<\/a>.<\/p>\n\n\n\n<p>Officially launched 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 <a href=\"https:\/\/www.utilitybusinessmena.com\/news\/siemens-energy-names-samir-bouabba-as-managing-director-for-north-africa-and-algeria\" data-type=\"post\" data-id=\"548\" rel=\"nofollow noopener\" target=\"_blank\">ABB<\/a>. GIGATONS is launched in response to the urgent need to address climate change and deliver the 59 gigatons of annual carbon emission reductions required by 2050, to achieve net zero and keep global temperature rises to within 1.5 degrees of warming.<\/p>\n\n\n\n<p>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; <strong>scaling infrastructure<\/strong> to decarbonise transport and energy, <strong>mobilising capital<\/strong> to scale new projects that tackle the climate crisis, and <strong>boosting transparency<\/strong> to improve trust and tackle greenwashing.<\/p>\n\n\n\n<p><strong>His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, said:<\/strong> <em>\u201cThe 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\u2019s 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.\u201d<\/em> <strong>He added:<\/strong> <em>\u201cOur 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.\u201d<\/em><\/p>\n\n\n\n<p>Headquartered in ADGM, Abu Dhabi, UAE, GIGATONS draws inspiration and momentum from the achievements of GRIDSERVE in the UK, which revolutionised the UK\u2019s EV charging network. Today, GRIDSERVE\u2019s Electric Highway charges nearly 250,000 electric cars, vans, and trucks every month with over 6 million kWh of 100% Net Zero energy.&nbsp;<\/p>\n\n\n\n<p><em>\u201cGRIDSERVE demonstrated how innovation, sustainability, and customer-centric solutions could deliver significant impact,\u201d <\/em><strong>said Toddington Harper, previously founder and CEO of GRIDSERVE, now co-founder and co-CEO of GIGATONS, CEO GIGASERVE &amp; GRIDSERVE GLOBAL<\/strong><em>. \u201cWith 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\u201d<\/em>.<\/p>\n\n\n\n<p>As part of the company\u2019s unveiling, GIGATONS announces its first global projects:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Delivering a net zero, sun-to-wheel EV charging Partner Network across Australia, in partnership with leading renewable company, <a href=\"https:\/\/flowpower.com.au\/our-service\/?sourcename=GoogleAds&amp;utm_source=google&amp;utm_campaign=&amp;utm_medium=ad&amp;utm_content=&amp;utm_term=flowpower&amp;gad_source=1&amp;gclid=CjwKCAiA9bq6BhAKEiwAH6bqoL52fTkyFMm1u572v8emNDQ6iGdoKu_qVW_2RiwOw7nOwN4LvgT0WhoCC8QQAvD_BwE\" rel=\"nofollow noopener\" target=\"_blank\">Flow Power<\/a>. The plans will build on the learnings, expertise, and technology developed in delivering and operating GRIDSERVE\u2019s Electric Highway, with the next generation in world class smart connected products and services for both electric cars and electric trucks. This will be delivered in harmony with Flow Power\u2019s local clean energy and project delivery expertise. Multiple sites have already been signed up, with construction due to start in 2025.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The world\u2019s first fully tokenised net zero blockchain mining and AI project, to demonstrate that these technologies which are both fundamental to proving, and accelerating gigatons of carbon emission reductions, can be scaled sustainably.<\/li>\n<\/ul>\n\n\n\n<p>GIGATONS &#8211; a&nbsp; unified platform to build trust and accelerate large-scale decarbonisation &#8211; is made up of three business divisions, each designed to tackle the three barriers to cutting gigatons worth of carbon emissions: <strong>GIGASERVE<\/strong> will scale the next generation of products and services, made famous by GRIDSERVE in the UK, global \u2013 creating \u2018plug-and-play\u2019 suites of net zero products that can be rapidly deployed in any market around the world; <strong>GIGATECH<\/strong> will use a blockchain and AI platform to tokenize and smart connect capital, real-world assets, and carbon credits; <strong>GIGACAPITAL<\/strong> will provide a new investment platform, designed to mobilise the $100 billion in investment over the next decade for transformative global carbon reductions at the required speed and scale.<\/p>\n\n\n\n<p><strong>GIGASERVE: scaling clean infrastructure<\/strong><\/p>\n\n\n\n<p>GIGASERVE will deliver an integrated portfolio of smart-connected products and services for net zero EV charging and critical power infrastructure. The aim is to deliver world class net zero infrastructure that is cost effective, scalable, and rapid to deploy, to support the decarbonisation of transport and critical power infrastructure in the fastest possible timeframes. Power and transport emissions account for around 50% of the required gigatons of emission reductions.<\/p>\n\n\n\n<p>Responsible for the business development activities for the group, GIGASERVE will continue GRIDSERVE\u2019s legacy of leading-edge innovation. Already, GIGASERVE has announced its first major projects, including the rollout of a net zero EV charging network in partnership with Flow Power in Australia. It is also working closely with world-renowned architects, Grimshaw, to develop the next-generation of electric charging stations, to be deployed globally with partners. In the UK, GRIDSERVE\u2019s &nbsp;Electric Forecourts have been proven to accelerate the shift to EVs, with local EV adoption in some cases growing at twice the rate of the UK average.<\/p>\n\n\n\n<p><strong>GIGATECH: providing transparency and building trust<\/strong>:<\/p>\n\n\n\n<p>GIGATECH\u2019s GIGA Protocol platform incorporates leading-edge smart connected blockchain technology to maximise the user experience, and provide immutable transparency and traceable carbon reductions from green infrastructure projects, boosting trust and tackling greenwashing. Artificial intelligence optimises the efficiency and scalability of these projects, ensuring resources are directed where they can achieve the most significant benefits, both in terms of climate and commercial returns.<\/p>\n\n\n\n<p>The platform is web3 and AI-native, enabling the transition to net zero by supporting tokenized capital, real-world assets, and high quality carbon credits. It is also natively built on Alephium, one of the most advanced blockchains, which combines a unique sustainable Proof Of Work (POW) consensus, with scalability, smart contracts, and security. The transparency, automation, and programmability delivered by the Distributed Ledger Technology (DLT) will be fully regulated by ADGM\u2019s DLT Foundation.<\/p>\n\n\n\n<p><strong>GIGACAPITAL: mobilising and tokenising $100 billion over the next decade<\/strong><\/p>\n\n\n\n<p>GIGACAPITAL is a new fintech platform, designed to mobilise $100 billion in investment over the next decade to deliver transformative global carbon reductions. Working in partnership with strategic partners such as Wise Capital Partners, the platform will use an end-to-end Digital Assets Management suite that offers institutional grade digitised finance solutions and manages assets across their lifecycle.<\/p>\n\n\n\n<p>A portfolio of new stable coins will bridge traditional finance (TradFi) with decentralized (DeFi) and regenerative finance (ReFi) to verify carbon impact.<\/p>\n\n\n\n<p>By allowing investors to tokenise every dollar of investment and track the carbon emission reductions that result from the projects and assets they invest in, the platform creates confidence in green investment, helping to crowd in capital for genuinely impactful projects.<\/p>\n\n\n\n<p>Already, the platform \u2013 and the green funds it will support \u2013 has attracted significant interest \u2013 further details on this will be announced in due course.<\/p>\n\n\n\n<p><strong>Heston Harper, previously CEO APAC of GRIDSERVE, now co-founder co-CEO of GIGATONS, and CEO of GIGATECH said:<\/strong> <em>\u201cBy combining the latest advances in Web3, blockchain, and AI technology, we are able to provide pervasive levels of trust and transparency to capital, assets, and their impact.&nbsp; GIGATECH\u2019s smart connected platforms provide robust real-time data that unlock lucrative transition era opportunities at speed and scale. Transition Era opportunities are measured in the multi-trillions &#8211; we are enabling world leading technology to address humanities biggest ever challenge, that will rival the Moon Shots of the past\u201d.<\/em>&nbsp;<\/p>\n\n\n\n<p><strong>Abu Dhabi Finance Week<\/strong><\/p>\n\n\n\n<p>So far operating outside of the public eye to build a strong foundation and network of highly credible partners, GIGATONS is officially launching at Abu Dhabi Finance Week, the MENA region\u2019s most influential financial gathering, in Abu Dhabi General Markets, known as the \u201cCapital of Capital\u201d.<\/p>\n\n\n\n<p><strong>About GIGATONS<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<p>Headquartered in ADGM, Abu Dhabi, UAE, GIGATONS is a next-generation technology and funding platform business accelerating gigatons of CO\u2082 reductions by scaling Net Zero Transport and Critical Power Infrastructure. By mobilising and tokenising capital, and integrating blockchain, AI, and leading-edge sustainable energy technologies, GIGATONS\u2019 GIGA Protocol unlocks scalable, verifiable, and impactful transition era opportunities worldwide. Building on the success of GRIDSERVE, the UK\u2019s leading sun-to-wheel EV charging business created by the founders of GIGATONS, the business aims to replicate and expand these achievements globally.&nbsp;&nbsp;<\/p>\n\n\n\n<p>GIGATONS invites public and private sector stakeholders to join them in scaling solutions that accelerate the flow of capital into net zero infrastructure with measurable, verifiable CO\u2082 reductions. Together, we can achieve gigatons of impact, drive economic growth, and secure a sustainable future for all.&nbsp;<\/p>\n\n\n\n<p><strong>A Family Legacy of Sustainability<\/strong>&nbsp;<\/p>\n\n\n\n<p>Led by the Harper Brothers, Heston and Toddington, GIGATONS continues the Harper family\u2019s legacy of sustainability. Nearly five decades ago, their parents pioneered the UAE\u2019s earliest eco-homes, solar energy, and battery projects in Abu Dhabi, Ras-Al-Khaimah, and Al-Ain.&nbsp;&nbsp;<\/p>\n\n\n\n<p><em>\u201cOur return to Abu Dhabi is also very personal<\/em>\u201d, shared the Harper Brothers <em>\u201cwe are also here to honour and continue our family\u2019s legacy, and deliver global impact through GIGATONS\u201d<\/em>&nbsp;<\/p>\n\n\n\n<p><strong>Key Features of GIGATONS<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net Zero technology and funding platform: The GIGA Protocol Combines cutting-edge blockchain and AI, with sustainable energy infrastructure to precisely measure carbon savings, and accelerate the flow of capital into bankable net zero projects\u00a0<\/li>\n\n\n\n<li>GIGATONS\u2019 group businesses are GIGASERVE, GIGATECH, GIGACAPITAL\u00a0<\/li>\n\n\n\n<li>Focus on net zero critical power infrastructure for electric vehicle charging networks, and energy hungry blockchain and AI applications\u00a0<\/li>\n\n\n\n<li>Global Headquarters in ADGM, Abu Dhabi: strategically positioned in \u201cThe Capital of Capital\u201d leveraging both Abu Dhabi\u2019s leadership in finance, and alignment with the UAE\u2019s ambitious climate goals, reinforcing its position as a global leader in sustainable innovation\u00a0<\/li>\n\n\n\n<li>GRIDSERVE GLOBAL becomes a GIGATONS business unit under the GIGASERVE division, expanding its mission and reach on a global scale\u00a0<\/li>\n\n\n\n<li>GIGATONS is led by the Harper brothers, seasoned second generation sustainable energy pioneers, and the previous founders and CEO\u2019s of GRIDSERVE\u00a0<\/li>\n<\/ul>\n\n\n\n<p><strong>Matthew van der Liden, CEO at Flow Power, said:<\/strong><em> \u201cEV charging is a natural extension of Flow Power\u2019s mission to empower Australians to actively participate in and benefit from the energy transition. We know that charging infrastructure and range anxiety are key barriers for many people considering an EV, and this partnership aims to break down that barrier. With GRIDSERVE GLOBAL\u2019s world-class experience deploying and operating charging infrastructure and Flow Power\u2019s energy expertise, we\u2019re building a future where EVs ownership is easier, more reliable and powered by renewable energy.\u201d&nbsp;<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GIGATONS is a groundbreaking global technology and funding platform designed to accelerate the global transition to net zero.<\/p>\n","protected":false},"author":2,"featured_media":1192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,40,428,41,539,686],"tags":[1380,1381,1382,132,1383,1384,1385,1386],"class_list":{"0":"post-1191","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-electricity","8":"category-news","9":"category-power","10":"category-renewable-energy","11":"category-sustainability","12":"category-sustainable-finance","13":"tag-abb","14":"tag-abu-dhabi-mobility","15":"tag-adio","16":"tag-carbon-emissions","17":"tag-electric-vehicle","18":"tag-gigaton","19":"tag-gridserve","20":"tag-net-zero"},"_links":{"self":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/comments?post=1191"}],"version-history":[{"count":0,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/1191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media\/1192"}],"wp:attachment":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media?parent=1191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/categories?post=1191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/tags?post=1191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}