EUROSTAR Group, the leading digital and consumer technology innovator in the Middle East, has signed a partnership agreement with Italian technology major Quantum to form a joint venture energy management solutions company QESCO (Quantum Eurostar Energy Solutions Company) in Dubai. QESCO will act as a one-stop-shop destination for energy efficient solutions targeting a wider GCC market.
The contract was signed at the recently concluded WETEX (Water, Energy, Technology & Environment Exhibition) 2016 in Dubai. QESCO will leverage on know-how, proven technologies and experience in energy conservation measures, with specific focus on designing intelligent lighting systems with lesser internet-controlled luminaries. The company will have a strong team of experts in energy solutions and management from Italy.
EUROSTAR Group offers a wide-range of innovative and sustainable products designed to meet the needs of residential, commercial and government infrastructure development sector in the Middle East.
Commenting on the partnership, Raju Jethwani, group chairman, EUROSTAR Group, said, “We are proud to announce our partnership with Quantum to set up QESCO. By setting up the new company, we aim to help our customers reduce their energy consumption and building eco-conscious and socially responsible businesses. This is relevant as the UAE government is at the forefront of achieving sustainable development by adopting the latest best practices and cutting-edge scientific advancements aimed at safeguarding the environment and public health.”
“QESCO will transform legacy lighting system into a new revenue generation technology, achieving energy saving performances between 60 and 70 percent and exceeding 20 to 30 percent above the best-in-class performance of any competitor. QESCO requires no upfront investment to implement the new technology and offers about 10 years’ warranty on the products and system. This is a win-win solution as the savings are used to pay back our investment and services,” he added.
Detailing on the non-requirement of the upfront investment, Jethwani said, “The new lighting system and its saving performances are contractually guaranteed and managed by QESCO for 10 years. The customer commits to pay back QESCO for the investment and the service with the savings achieved over the first three to six years. However, the duration depends on project size, lights on time and customer’s energy cost. During the remaining years of the system’s management by QESCO, the savings are shared and the largest amount goes to the customer. Online monitoring and control software is used to transparently share the saving results with our customers.”
Stefano Martini, CEO of Quantum, said, “We are happy to associate with EUROSTAR Group, a leader in the UAE’s technology integration sector and to relocate here our top notch energy experts to jumpstart the QESCO operations. The group is known for its commitment to customers in the UAE and the GCC region. We hope the formation of QESCO will guarantee long-term, seamless support and services to our respective end-users in the GCC market, where revenue for us is growing much faster than revenues from other global markets. This gives us more impetus and confidence to extend the benefits of the latest solutions that will help advancement of sustainable technology utilization in the existing and upcoming projects.”
“We understand that the UAE government is keen on embracing energy-efficient lighting and energy generations from renewables solutions for several infrastructure development projects, focusing on the development of professionally designed and well-managed urban environment, so the towns and cities remain safe and stress-free place to live in. Other GCC nations are also constantly in the search of bringing in quality solutions by studying and updating various new technologies adopted in different countries. This is to achieve excellence through integrated and effective sustainable practices and thereby enhance the environmental and health standards in the region,” he added.
“QESCO’s smart lighting platform titled QLight manages the lighting dynamics by dimming in real-time the light intensity. This system works according to natural sunlight contribution and custom software applications tailored on the customer’s specific operational needs. We have delivered more than 400 projects in different business sectors -- including commercial and residential properties, industrial facilities like factories and processing plants, warehouses, petrol stations in addition to parking and street lighting projects,” he said. — SG
