Etihad Energy Services Company (Etihad ESCO)

Name

Etihad Energy Services Company (Etihad ESCO)

Legal name

Etihad Energy Services Company (Etihad ESCO)

Website

https://etihadesco.ae

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Energy Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111), Environmental Consulting Services (541620), Environmental Consulting Services (54162)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

akta.pro secondary industries

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Environmental & Permitting Compliance During Construction (Erosion Control, Wildlife Mitigation, Monitoring) (EUAMAFAM), Power Plant Retrofit, Life Extension & Environmental Controls EPC (FGD/SCR/ESP) (EUAEAAAO)

Keywords

• Energy performance contracting
• Building retrofit services
• Solar PV installation
• Energy auditing
• Measurement and verification

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Energy Performance Contracting (EPC): Etihad ESCO finances energy conservation projects entirely (100% financing) and is repaid through verified energy and water savings over the contract period. Maintenance and M&V costs are embedded in the cash flow, eliminating upfront cost barriers for clients. This is the primary revenue mechanism.
2. Solar PV Project Development, Installation & O&M: Etihad ESCO designs, procures, constructs, tests, commissions, and operates/maintains solar PV systems for clients (government and private). Revenue is earned through long-term O&M contracts (e.g., 20-year terms) and project development fees, often structured within the EPC framework.
3. Energy Consultancy & Advisory Services: Fees charged for energy auditing (Level 1–3), feasibility studies, engineering value reviews, third-party M&V, solar consultancy, tender development, and maintenance services delivered to clients including buildings, airports, industrial facilities, and labor accommodations.
4. Sustainability Certification Facilitation: Facilitating green building certifications (LEED, Al Sa'fat) and Arc platform registration/implementation for buildings, generating fees for consulting and commissioning verification services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Etihad ESCO finances, designs, installs, and maintains energy conservation and solar PV projects for Dubai government entities and large commercial property owners under an Energy Performance Contracting (EPC) model. Clients pay entirely from verified energy and water savings over multi-year contracts, with no upfront capital. The integrated offering combines building retrofits, solar PV, energy auditing, consultancy, real-time monitoring, and third-party measurement & verification (M&V) delivered through a dedicated M&V Centre and the Arc digital sustainability platform.

Product overview

Etihad Energy Services Company (Etihad ESCO) is a wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA) established in 2013. The company operates as a unified portfolio of energy efficiency services for the Dubai market. Core offerings include Building Retrofit, Solar PV (Shams Dubai), Energy Audit, Energy Consultancy, Financing & Mechanism, Energy Monitoring with M&V Centre powered by Enterprise Sustainability Platform (ESP), Maintenance, Sustainability Services (LEED, Al Sa'fat, Arc), and Facility Management. The company also operates a Measurement & Verification Centre at DEWA Sustainable Building, enabling data-centric energy monitoring. Additional programs include Taqati (energy management guidebook) and Product Recognition. The integrated approach combines retrofit services with financing mechanisms, solar installations, and ongoing monitoring to deliver measurable energy and water savings across residential, commercial, and industrial facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Building Retrofit Building retrofit services involving modifications to existing building systems after construction to improve energy efficiency and reduce consumption, including HVAC, lighting, and envelope upgrades for Dubai government and commercial clients.
• Solar PV Solar photovoltaic system installation, financing, and maintenance services for government and commercial clients, integrated with the Shams Dubai net-metering program.
• Energy Audit Comprehensive energy audit services following ASHRAE standards (Level 1, 2, 3) to identify consumption patterns and energy efficiency opportunities in buildings and facilities.
• Energy Consultancy Expert energy consulting services including energy strategy development, value engineering, project execution, third-party measurement and verification, solar project consultancy, tendering, and maintenance.
• Financing and Mechanism (Energy Performance Contracting) Energy performance contracting financing solutions offering 100% project financing, easy payment plans from savings, competitive finance rates, and positive cash flow with maintenance and M&V costs covered within the contract period.
• Energy Monitoring Real-time energy monitoring services powered by the Enterprise Sustainability Platform (ESP) for data-centric building energy management and analysis.
• Measurement and Verification (M&V) Dedicated M&V Centre at the DEWA Sustainable Building delivering enterprise energy monitoring and management services, using smart technologies and Big Data analysis to verify savings for clients and benchmark Dubai's DSM Strategy targets.
• Maintenance Services Preventive and corrective maintenance services for installed energy conservation measures, including solar PV periodic cleaning, system output testing, and year-round ECM maintenance according to manufacturer and project requirements.
• Sustainability Services Sustainable building certification facilitation including LEED, Al Sa'fat, and Arc digital platform implementation. Services cover design review, construction compliance, and existing building certification support.
• Facility Management Comprehensive facility management services supporting energy-efficient building operations and sustainability objectives.

Quantifiable outcome

• Up to 80% energy savings on retrofitted buildings (Mohammed Bin Rashid Housing: 80% savings; DEWA Power Stations: 70% savings)
• +8 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

20 partnerships are on record, tiered core, flagship and minor.

• Dubai Holding Community ManagementcoreStrategic or Co-development Partner · 1 September 2025MoU signed to accelerate energy efficiency programs and support UAE's Net Zero by 2050 commitment, aligned with Dubai Demand Side Management Strategy 2050. Focus areas: energy optimization projects, solar solutions deployment across communities, and knowledge exchange for sustainability initiatives.
• Wasl PropertiescoreStrategic or Co-development Partner · 1 December 2024Large-scale sustainability initiative including solar PV systems at 77 sites, energy and water retrofits across 46 buildings, EV charging stations, and an AI-powered Command and Control Centre. Project designed to generate clean energy, reduce utility consumption, and significantly lower carbon emissions across 300+ properties.
• Emirates AirlinecoreStrategic or Co-development Partner · 1 October 2024Partnership with Etihad Clean Energy Development for large-scale solar PV project at Emirates Engineering Centre. Total capacity 23,177 kWp; 39,960 solar panels; estimated annual generation 34,301,960 kWh; providing 37% of facility's annual energy consumption; 13,000+ tonnes CO2 reduction annually. 20-year O&M agreement.
• Dubai AirportsflagshipStrategic or Co-development Partner · 1 December 2023Transformative collaboration signed at COP28 involving an innovative retrofit initiative and an extensive solar integration project across Dubai International (DXB) and Dubai World Central (DWC) airports. In 2025, the partnership launched the final phase of a 330,000+ lighting unit airport-wide retrofit. In October 2024, the world's largest rooftop solar panel installation at an airport was announced (39 MWp, 62,904 panels, 60,346 MWh/year, 23,000 tonnes CO2 offset annually).
• Dubai PolicecoreStrategic or Co-development Partner · 1 December 2023Dual-fronted partnership signed at COP28 encompassing retrofit initiative and expansive solar integration project. Projected annual energy savings of 63,494 MWh and water savings of 89.76 million IG.
• Dubai Government WorkshopcoreStrategic or Co-development Partner · 1 November 2023Landmark 20-year collaboration signed at WETEX 2023 to integrate sustainable energy solutions at DGW facilities. Includes a solar PV project with 2,495.5 kWp capacity generating 3,790,756 kWh in year one and 71,981,495 kWh over 20 years, avoiding 28,864 tonnes CO2.
• British Council DubaiminorStrategic or Co-development Partner · 1 November 2023Partnership to transition British Council Dubai office to solar power, including energy-efficient AC and lighting systems, water aerators, drip line irrigation, and a solar PV system. Projected to yield 384,642 kWh electricity savings and 116,809 IG water savings in year one, with 77% decrease in energy consumption and 153,857 kg CO2e reduction.
• Prime Owners' Association Management Services LLCminorStrategic or Co-development Partner · 1 November 2023Joint initiative to advance sustainable practices in Dubai, signed at WETEX 2023. First phase includes installation of meter management system and retrofit projects across two properties. Projected energy savings of 879,000 kWh and 402 tonnes CO2 reduction over project lifespan.
• SAGA InternationalminorStrategic or Co-development Partner · 1 November 2023Joint initiative signed at WETEX 2023 to promote eco-friendly practices at Sulafa Tower (703 unit owners). Scope includes managed energy service, meter data management system deployment, and building retrofits. Projected energy savings of 2.297 GWh (AED 1,010,889). Installation of 811 BTU meters, 154 energy meters, and 39 water meters.
• National BondsminorStrategic or Co-development Partner · 1 March 2023Contract signed to promote energy efficiency and conservation through retrofitting solutions as part of sustainability efforts in Dubai.
• Ajman Chamber of CommerceminorStrategic or Co-development Partner · 1 March 2023MoU signed to identify energy savings opportunities at Ajman Chamber member facilities and implement solutions through energy efficiency and savings programs.
• Dubai MunicipalitycoreStrategic or Co-development Partner · 1 September 2022Contract signed at WETEX 2022 for building rehabilitation projects and solar energy contracts across Dubai Municipality facilities, supporting Dubai's green economy and sustainable energy vision.
• Dubai Civil DefensecoreStrategic or Co-development Partner · 1 September 2022Contract signed at WETEX 2022 for solar energy generation and energy efficiency projects at Dubai Civil Defense facilities, supporting the department's strategic goal of green economy and sustainable development.
• DMCC (Dubai Multi Commodities Centre)coreStrategic or Co-development Partner · 1 September 2022Contract signed at WETEX 2022 for solar energy and energy efficiency projects at DMCC facilities in the JLT district, benefiting 100,000 people living and working in the area.
• DP World (UAE Region)coreStrategic or Co-development Partner · 1 May 2021MoU to expand energy efficiency collaboration into solar power installations across DP World UAE assets. Framework covers Energy Performance Contracting, on-grid solar installations, and IT solutions including Command and Control Centres, IoT, smart automation, and network operations. JAFZA labor accommodation retrofit achieved 32.6% energy savings and 17,000 tonnes CO2/year reduction.
• RERA (Real Estate Regulatory Agency) / Dubai Land DepartmentcoreStrategic or Co-development Partner · 1 May 2021MoC signed to reduce total service charges for freehold property owners, enhance transparency in cooling billing, and implement energy efficiency solutions in buildings. Includes cooperation in energy metering services, invoicing, and installation through Etihad ESCO across 10 pilot buildings.
• ENOC (Emirates National Oil Company)minorStrategic or Co-development PartnerEnergy saving initiative at ENOC fuel station; achieved 36% energy savings.
• JAFZA (Jebel Ali Free Zone)coreStrategic or Co-development PartnerStaff accommodation retrofit project across 156 buildings (Phases 1 & 2); achieved 30% energy savings; Phase 3 with 26 buildings. Phase 1 & 2 achieved 32.6% actual savings upon M&V completion.
• Green Business Certification Inc. (GBCI) – Arc PlatformcoreTechnology or IntegrationExclusive UAE provider of Arc, a digital sustainability platform developed by GBCI that uses real-time data to measure and improve sustainability performance in buildings, cities, and communities.
• British University in DubaiminorStrategic or Co-development PartnerAcademic and research partner. Listed on the Partners page of Etihad ESCO website.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Tabreed (National Central Cooling Company): UAE-listed district cooling provider serving major Dubai and Abu Dhabi developments. Adjacent comparator to Etihad ESCO for cooling-related energy efficiency, though Tabreed's primary model is providing chilled water rather than retrofit services.
• Emirates District Cooling (Emicool): UAE-based district cooling company serving Dubai developments. Adjacent comparator to Etihad ESCO for cooling-related efficiency work in Dubai real estate, part of the broader energy efficiency ecosystem servicing large property owners.

Broad incumbents

• Johnson Controls: Global provider of building technologies and energy efficiency solutions, including HVAC, building automation, and energy performance contracting. Direct overlap with Etihad ESCO's HVAC retrofit and building energy management offerings, with a strong global presence in commercial and institutional buildings.
• Schneider Electric: Global leader in energy management and automation, offering building energy management systems, retrofit services, and energy performance contracting for commercial and industrial clients. Overlaps with Etihad ESCO's energy monitoring, M&V, and sustainability certification offerings through its EcoStruxure platform.
• ENGIE Solutions: Global energy services arm of ENGIE, one of the world's largest ESCOs, offering energy performance contracting, building retrofits, and HVAC optimization for commercial and government clients. Highly comparable to Etihad ESCO in service offering, but operates across multiple geographies with much broader portfolio.
• Veolia Middle East: Middle East arm of global environmental services firm Veolia. Provides energy efficiency, building retrofit, and district energy services in the UAE, with structural overlap with Etihad ESCO on commercial and government energy projects.
• Siemens Smart Infrastructure: Building Technologies and energy management division of Siemens, offering building automation, energy efficiency services, and digital M&V platforms. Comparable to Etihad ESCO for large infrastructure and government clients (including airports and metros), with deep overlap on building retrofit and digital energy monitoring.
• Masdar: Abu Dhabi-based renewable energy and clean technology company (majority-owned by Mubadala). Comparable to Etihad ESCO on large-scale solar PV development and sustainability advisory, with a broader portfolio spanning international greenfield renewable projects.
• Honeywell Building Technologies: Division of Honeywell providing building management systems, energy optimization, and digital energy services. Comparable to Etihad ESCO on energy monitoring and M&V capabilities, and a competitor for large government and infrastructure contracts.

Direct peers

• Abu Dhabi Energy Services (ADES): Wholly-owned subsidiary of Abu Dhabi National Energy Company (TAQA) operating as ADES, the prime energy services company for the Abu Dhabi market. Direct functional mirror to Etihad ESCO with the same ESCO business model, municipal mandate, and government-backed financing structure, but focused on Abu Dhabi assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/etihadesco
• LinkedInlinkedin.com/company/etihad-energy-services
• Instagraminstagram.com/etihadesco

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Etihad Energy Services Company (Etihad ESCO)