Etihad Energy Services Company (etihad Esco)

Name

Etihad Energy Services Company (etihad Esco)

Legal name

Etihad Energy Services Company L.L.C.

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 Performance Contracting

NAICS

Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industries

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Energy performance contracting
• Building retrofit services
• Solar PV installation
• Energy efficiency consulting
• 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

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

Revenue model

1. Energy Performance Contracting (EPC): Etihad ESCO funds and implements energy efficiency retrofits and solar PV installations for clients. Revenue is earned through the guaranteed energy savings generated for clients, with project costs recovered over the contract period. The model includes bundled maintenance, M&V, and financing within the cash flow of the project, requiring no upfront capital from clients.
2. Solar PV Project Development & O&M: Full-cycle solar PV services including feasibility studies, financing, procurement, installation, and long-term operation and maintenance (typically 20–25 years). Revenue is generated through project delivery fees and ongoing O&M contracts, often structured under EPC frameworks.
3. Building Retrofit Services: Comprehensive retrofit of building systems (lighting, HVAC, chillers, VFDs, envelope upgrades) delivered as turnkey solutions by ESCO contractors. Etihad ESCO coordinates ESCO contractors, manages projects, and earns fees through the energy savings performance model.
4. Energy Audit & Consultancy: Professional energy auditing and consultancy services for commercial, government, and residential clients, ranging from ASHRAE Level 1 screening audits to Level 3 investment-grade analyses, delivered by certified engineers (CMVP-certified M&V engineers).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Etihad ESCO delivers building energy retrofit, solar PV installation, energy audit, and energy consultancy services to government entities and large commercial property owners in Dubai under a 100%-financed Energy Performance Contracting (EPC) model, with project costs recovered through guaranteed energy savings. The company operates an in-house Measurement & Verification Center staffed by CMVP-certified engineers and integrates projects with DEWA's Shams Dubai net-metering program for solar PV grid connection.

Product overview

Etihad ESCO is an energy services company offering a comprehensive portfolio of energy efficiency solutions as a single integrated service platform. The core offerings include Building Retrofit services for existing structures, Solar PV installations under the Shams Dubai program, Energy Audit services using ASHRAE methodologies, Energy Consultancy, and Financing & Mechanism services through energy performance contracting. Supporting services include Measurement & Verification, Maintenance, and Sustainability certification support (LEED, Estidama). The company also provides the Taqati energy management program. An AI-powered Command and Control Centre enables real-time monitoring and autonomous management of energy systems across multiple facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Building Retrofit Comprehensive energy retrofit of building envelopes, HVAC, lighting, and control systems for government facilities, commercial buildings, and residential properties to reduce energy consumption and operating costs.
• Solar PV Rooftop and ground-mounted solar PV system design, installation, and grid connection for government, commercial, and residential clients, integrated with DEWA's Shams Dubai net-metering framework to enable on-site solar generation and grid export.
• Energy Audit Detailed energy audits of facilities to identify energy-saving opportunities, quantify consumption baselines, and recommend retrofit measures for government, commercial, and residential buildings.
• Energy Consultancy Strategic energy advisory services covering feasibility studies, energy master planning, sustainability strategy, and regulatory compliance support for clients implementing energy efficiency programs.
• Financing & Mechanism (Energy Performance Contracting) 100%-financed Energy Performance Contracting framework under which Etihad ESCO funds the full capital cost of retrofit projects and recovers investment through guaranteed savings on client energy bills over the contract term, with no upfront client capital outlay.
• Measurement & Verification (M&V) Independent measurement and verification of energy savings using CMVP-certified engineers and IPMVP-compliant protocols, supporting EPC contract settlement and continuous commissioning of retrofitted facilities.
• Maintenance Post-installation preventive and corrective maintenance of retrofitted equipment and solar PV systems to maintain guaranteed energy savings and system reliability over the contract life.
• Sustainability Certification Support (LEED / Estidama) Advisory and technical support for clients pursuing LEED and Estidama green building certifications, including documentation, performance benchmarking, and implementation of certification requirements.
• Taqati Energy Management Program Government building energy management program covering more than 1,000 government buildings, providing energy consumption tracking, benchmarking, and efficiency improvement support to Dubai government entities.

Quantifiable outcome

• 306.69 GWh cumulative energy savings across 22 projects (2016–2019), covering 7,763 facilities
• +9 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

18 partnerships are on record, tiered core, major and minor.

• Dubai Holding Community Management (DHCM)coreStrategic or Co-development Partner · 1 September 2025MoU to accelerate energy efficiency programs across Dubai Holding communities, supporting the UAE's Net Zero by 2050 commitment in alignment with the Dubai Demand Side Management Strategy 2050. Focuses on three areas: energy optimization projects, solar deployment across communities, and knowledge exchange for new sustainability initiatives.
• Dubai AirportscoreStrategic or Co-development Partner · 2 June 2025Partnership for the final phase of an airport-wide lighting retrofit covering 330,000+ lighting units across Dubai International (DXB) and Dubai World Central (DWC), expected to save 47 million kWh/year and AED 20 million annually. Also includes a landmark 39 MWp rooftop solar project (world's largest at an airport) generating 60,346 MWh/year, offsetting 23,000 tonnes CO2 annually, with full operational target of 2026.
• Wasl PropertiescoreStrategic or Co-development Partner · 1 December 2024Large-scale sustainability initiative including solar PV across 77 sites, retrofits across 46 buildings, digital monitoring across 300+ properties, EV charging stations, and an AI-powered Command and Control Centre. Aims to drive Dubai's Net Zero goals through innovation, efficiency, and long-term environmental impact. Phase 2 projects for Wasl Properties and Wasl Owners Association are also in progress.
• Etihad Clean Energy Development Company (for Dubai Airports)coreStrategic or Co-development Partner · 2 October 2024Collaboration to launch the world's largest rooftop solar panel installation at an airport — a 39 MWp project across DXB and DWC with 62,904 solar panels. Formalized at the World Green Economy Summit 2024. Also encompasses the Shams Dubai program for solar adoption.
• Emirates Airline (via Etihad Clean Energy Development)coreStrategic or Co-development Partner · 2 October 2024Large-scale solar PV project at Emirates Engineering Centre: 23,177 kWp capacity, 39,960 solar panels, generating 34.3 million kWh/year (37% of facility's energy needs), reducing CO2 by 13,000+ tonnes/year. Includes 20-year O&M agreement. Signed at the World Green Economy Summit 2024.
• Dubai PolicecoreStrategic or Co-development Partner · 1 December 2023Dual-fronted partnership at COP28 comprising building retrofit and large-scale solar integration at Dubai Police facilities. Projected to deliver 63,494 MWh/year energy savings and 89.76 million IG/year water savings, contributing to Dubai Police's sustainability and net zero commitments.
• Prime Owners' Association Management Services LLCmajorStrategic or Co-development Partner · 22 November 2023Joint initiative to deploy meter management systems and building retrofits across properties managed by Prime Owners Association, targeting 879,000 kWh energy savings and 402 tonnes CO2 reduction. Signed at WETEX & Dubai Solar Show 2023.
• Dubai Government Workshop (DGW)coreStrategic or Co-development Partner · 21 November 202320-year collaboration for solar PV power station (2,495.5 kWp) generating 3.79 million kWh in year one and 71.98 million kWh over 20 years, reducing 28,864 tonnes CO2 over the project's lifespan. Signed at WETEX & Dubai Solar Show 2023.
• British Council DubaimajorStrategic or Co-development Partner · 9 November 2023Sustainability partnership to transition the British Council Dubai office to solar power with energy-efficient AC, LED lighting, water aerators, drip irrigation, and a solar PV system. Projected to save 384,642 kWh electricity and 116,809 IG water in year one — a 77% decrease in energy consumption, reducing 153,857 kg CO2e. Supports the COP28 Climate Connection campaign.
• SAGA InternationalmajorStrategic or Co-development Partner · 1 November 2023Managed energy service at Sulafa Tower (703 unit owners) including meter data management system and building retrofit. Expected to save 2,297 MWh (AED 1,010,889) with installation of 811 BTU meters, 154 energy meters, and 39 water meters. Signed at WETEX & Dubai Solar Show 2023.
• Ajman Chamber of CommerceminorStrategic or Co-development Partner · 1 January 2023MoU to identify energy savings opportunities at Ajman Chamber member facilities and implement energy efficiency solutions, extending Etihad ESCO's reach beyond Dubai.
• Dubai MunicipalitycoreStrategic or Co-development Partner · 27 September 2022Contracts signed at WETEX 2022 for building rehabilitation and solar energy projects at Dubai Municipality facilities, supporting Dubai's green economy and sustainable energy vision.
• Dubai Multi Commodities Centre (DMCC)majorStrategic or Co-development Partner · 27 September 2022Contract signed at WETEX 2022 for solar energy generation projects and energy efficiency improvements at DMCC facilities, benefiting 100,000 people in the JLT district.
• Dubai Civil DefensemajorStrategic or Co-development Partner · 27 September 2022Contract signed at WETEX 2022 for solar energy projects and energy efficiency at Dubai Civil Defense facilities, supporting Dubai's Clean Energy Strategy 2050 and smart eco-friendly initiatives.
• Dubai Land DepartmentmajorStrategic or Co-development Partner · 27 September 2022MoU and contract signed at WETEX 2022 for energy efficiency and solar PV projects across Dubai Land Department facilities.
• Real Estate Regulatory Agency (RERA)majorStrategic or Co-development Partner · 25 May 2021MoC to reduce service charges for freehold property owners, improve cooling billing transparency, install and manage energy meters through Etihad ESCO, and explore energy efficiency solutions in buildings. RERA provides 10 pilot buildings for the initial project.
• DP World, UAE RegioncoreStrategic or Co-development Partner · 19 May 2021MoU to expand energy efficiency collaboration into solar PV installations across DP World's UAE assets, building on existing JAFZA retrofit project (Phases 1 & 2) that achieved 32.6% energy savings and 17,000 tonnes CO2/year reduction. Also includes retrofit of Dubai Maritime City building targeting 20% energy savings.
• British University in Dubai (BUiD)minorOthersAcademic partner listed on the Etihad ESCO website, representing a knowledge and research collaboration in energy efficiency.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• ENGIE: Global energy services company with significant MENA operations covering energy efficiency, ESCO contracts, district cooling, and on-site solar. Comparable in business model (energy performance contracting, O&M services) at much larger global scale.
• Schneider Electric: Global energy management and automation major with a substantial Energy & Sustainability Services arm delivering retrofits, building automation, and energy performance contracts — overlaps with Etihad ESCO's building retrofit, HVAC, and M&V activities.
• ACWA Power: Saudi-listed developer, owner, and operator of power generation and desalinated water plants across MENA. Broader energy infrastructure incumbent with a long-term contract portfolio model comparable to Etihad ESCO's 20-25 year O&M structure.
• Johnson Controls: Global building efficiency and HVAC controls company that delivers energy performance contracting, chiller retrofits, and building automation — directly comparable in service scope to Etihad ESCO's retrofit and M&V offerings.
• Masdar Energy: Abu Dhabi government-backed renewable energy company (subsidiary of ADNOC/Mubadala) operating across solar, wind, and hydrogen. Broad incumbent in the same regional renewable energy space, with overlapping utility-scale and distributed solar capabilities.

Direct peers

• Yellow Door Energy: Dubai-headquartered distributed solar and energy services provider serving commercial and industrial customers across MENA. Direct competitor in rooftop solar and energy efficiency projects in the same geographies as Etihad ESCO.
• Enviromena: UAE-based solar EPC company delivering utility-scale and commercial PV projects across MENA. Comparable business model focused on solar PV deployment and operations, overlapping with Etihad ESCO's solar EPC pipeline.
• SirajPower: Dubai-based distributed solar rooftop developer and energy services provider, active in the same Shams Dubai / commercial rooftop solar market as Etihad ESCO. Competes for similar commercial and industrial solar EPC and O&M contracts in the UAE.
• Tarshid Energy Services: Saudi Arabia's national ESCO, also government-owned (under SEC/Saudi Energy Ministry), providing building retrofits, solar, and energy performance contracting — a structurally comparable national mandate-driven ESCO peer in a neighboring GCC market.

Regional players

• Enova (Morocco): Morocco's national ESCO providing energy efficiency, building retrofits, and energy performance contracting across North Africa. Operates a structurally similar national-mandate ESCO model in a different MENA geography.

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)