Ooredoo Group Drives Innovation in Telecom Power Solution with Launch of the GCC Innovation Hub for Power Solutions
Pioneering collaboration with industry leaders aims to set new benchmark through technological innovation in the power sector
5 February 2024
Doha, Qatar
Ooredoo Group announced today a major collaboration with prominent regional and international companies to launch of the GCC Innovation Hub for Power Solutions - an innovative initiative set to redefine how the telecom industry tackles rising fuel and power costs and the growing demand for sustainable energy alternatives.
Developed in close partnership with industry leaders - including e&, STC, Zain, Batelco, Omantel, du, Huawei, Ericsson, Nokia, Intel - the GCC Innovation Hub for Power Solutions is on track to establish a new industry benchmark through technological innovation in the power sector.
This groundbreaking initiative is a strategic response to the urgent need for telecom operators to explore sustainable alternatives, mitigating the impact of rising fuel and power costs on their bottom line while contributing to reduced carbon emissions.
Sheikh Mohammed Bin Abdulla Al Thani, Deputy Group CEO, Ooredoo, said: “In a time marked by surging fuel and power prices, and a compelling demand for renewable power solutions, Ooredoo Group and its partners lead the charge in addressing these pressing challenges. The GCC Innovation Hub for Power Solutions is more than just a project; it's a powerful message to the industry. It encourages telecom operators, technology providers, and research institutes to unite and pool their knowledge, resources, and expertise in developing power solutions tailored to the specific needs of the telecom sector. This collaborative approach will not only benefit the industry but also advance ESG goals.”
With the support of cutting-edge technologies, visionary experts, and collaborative efforts, the Hub seeks to bridge the critical gap faced by the telecom industry today.
At the heart of the Innovation Hub is a dedication to developing innovative power solutions that are cost-effective, reliable, and environmentally friendly. By harnessing renewable energy sources such as batteries, solar, and wind power, the hub enables telecom operators to reduce their reliance on conventional fuel sources, taking significant steps towards a greener, more sustainable future.
Timos Tsokanis, Group Chief Technology and Information Officer, Ooredoo, said: “At Ooredoo, we are committed to taking a data-driven approach to push sustainability initiatives. By leveraging artificial intelligence and automation, we aim to reduce fuel and power consumption by deploying smart power solutions that use batteries, solar, and wind energy sources. This transition promises substantial long-term cost savings and aligns with the broader sustainability goals of our industry.”
Key objectives of the GCC Innovation Hub encompass collaborative research and development, state-of-the-art prototyping and testing facilities, comprehensive training and skills development programmes, and fostering industry collaboration and partnerships.
The establishment of the GCC Innovation Hub for Power Solutions is yet another milestone in Ooredoo's commitment to its ESG strategy and corporate responsibility, closely aligning its business operations with environmental goals.
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About Ooredoo
Ooredoo is an international communications company operating across the Middle East, North Africa, and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.
Ooredoo generated revenues of QAR 23 billion as of 31 December 2022. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.