Enercap Holdings, founded in Dubai by inventor Waseem Ashraf Qureshi, has developed the world’s first non-chemical supercapacitor-based energy storage technology. In September 2024, Enercap formed a joint venture with Abu Dhabi’s Apex Investments to build the world’s largest supercapacitor manufacturing capacity: a 10 GWh facility in Abu Dhabi plus a 6 GWh upgrade in Dubai Industrial City. Unlike chemical batteries, Enercap’s electrostatic technology delivers 500,000+ cycle life, zero degradation, 99% round-trip efficiency, and complete thermal safety—making it ideal for mission-critical applications where reliability is paramount.