Abu Dhabi, UAE – 9th December 2024: The founders of GRIDSERVE, the UK’s leading renewable energy and EV charging company, have unveiled GIGATONS, an ambitious global technology and funding platform aimed at accelerating the transition to net zero. Officially launched at Abu Dhabi Finance Week, the platform seeks to address climate change by mobilizing $100 billion in investment and delivering gigaton-scale carbon reductions.
A Vision for Net Zero Transition
Headquartered in Abu Dhabi Global Market (ADGM), GIGATONS is collaborating with key organizations, including the UAE Ministry of Energy and Infrastructure (MOEI), Abu Dhabi Investment Office (ADIO), and Abu Dhabi Mobility. The initiative also receives backing from global institutions such as ABB, Grimshaw, and Wise Capital Partners.
The platform targets three critical barriers to achieving net zero:
- Scaling Infrastructure: Building advanced EV charging and renewable energy solutions.
- Mobilizing Capital: Driving significant investments to fund large-scale decarbonization projects.
- Boosting Transparency: Utilizing blockchain and AI to ensure accountability and trust.
First Global Projects
- Australia’s Net Zero EV Charging Network: In partnership with Flow Power, GIGATONS plans to establish a “sun-to-wheel” EV charging network. Construction is set to begin in 2025.
- Tokenized Blockchain and AI Project: Developing sustainable blockchain mining and AI applications to demonstrate scalable, low-carbon technology.
Pioneering Divisions for Decarbonization
- GIGASERVE: Focuses on deploying net zero infrastructure, including smart EV charging solutions and critical power systems.
- GIGATECH: A blockchain and AI platform that provides transparency and tracks carbon reductions.
- GIGACAPITAL: A fintech platform designed to mobilize $100 billion by tokenizing investments and creating confidence in green projects.
Leadership Commentary
Toddington Harper, co-founder and co-CEO of GIGATONS, remarked, “With GIGATONS, we are scaling net zero solutions globally to achieve the gigaton-scale carbon reductions necessary to limit temperature rises to 1.5 degrees.”
His Excellency Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MOEI, emphasized, “Our collaboration with GIGATONS underscores the UAE’s commitment to fostering innovation and sustainable energy ecosystems.”
A New Era for Sustainable Investment
GIGATONS aims to bridge traditional and decentralized finance (DeFi) through tokenized investments, ensuring measurable and impactful carbon reductions. This initiative aligns with Abu Dhabi’s vision to lead global sustainability efforts while fostering economic growth.
Launching at Abu Dhabi Finance Week, GIGATONS represents a paradigm shift in the fight against climate change, leveraging cutting-edge technology and robust partnerships to deliver tangible environmental and economic outcomes.
