Wednesday, December 11, 2024
Infrastructure and TechnologyLatestNews

GIGATONS launched by GRIDSERVE founders

The clean tech entrepreneurs behind UK electric vehicle charging business GRIDSERVE have launched global technology and funding platform GIGATONS.  

Launched at Abu Dhabi Finance Week, it is aiming to generate $100bn in investment. Working with the UAE Ministry of Energy and Infrastructure, The Abu Dhabi Investment Office (ADIO), Abu Dhabi Mobility, and organisations such as ABB, the platform is designed to accelerate the global transition to net zero.

It was launched to 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.  

By harnessing advanced technologies including blockchain, AI, and cutting edge sustainable energy solutions, GIGATONS, which will be based in Abu Dhabi, and aims scaling infrastructure to decarbonise transport and energy, mobilising capital to scale new projects that tackle the climate crisis, and boosting transparency to improve trust and tackle greenwashing.  

Its first global projects include a net zero, sun-to-wheel EV charging Partner Network across Australia, in partnership with leading renewable company, Flow Power.

GIGASERVE will deliver an integrated portfolio of smart-connected products and services for net zero EV charging and critical power infrastructure. In addition, GIGATECH’s GIGA Protocol platform will incorporate 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. Also, GIGACAPITAL will provide a new fintech platform, designed to mobilise $100 billion in investment over the next decade to deliver transformative global carbon reductions.

His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, said: 

“Our 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.” 

Toddington Harper, previously founder and CEO of GRIDSERVE, now co-founder and co-CEO of GIGATONS, CEO GIGASERVE & GRIDSERVE GLOBAL said:

“GRIDSERVE demonstrated how innovation, sustainability, and customer-centric solutions could deliver significant impact.

“With 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”. 

Heston Harper, previously CEO APAC of GRIDSERVE, now co-founder co-CEO of GIGATONS, and CEO of GIGATECH said: 

“By 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.  GIGATECH’s 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 – we are enabling world leading technology to address humanities biggest ever challenge, that will rival the Moon Shots of the past”.  

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