With the UAE building the world’s largest solar power plant in Abu Dhabi, there probably hasn’t been a better time to invest in renewable energy. Unsurprisingly, many startups in the nation have taken advantage of this momentum in the move towards a sustainable future. With a similar vision in mind, Wahaj Investment L.L.C. -better known as Wahaj Solar- was launched in September 2017 with an aim to produce low-cost solar power that can be used across an array of applications. But this Dubai-based startup is looking to break through the field of solar energy in an innovative way by using a patented invention of its co-founder and Managing Director Ayman Adnan Al-Maaitah called Ayman Solar Concentrator (ASC). “The technology aims at producing low-cost solar power with storage for various applications including 24/7 modular scale electricity production, solar water desalination, green hydrogen production, and solar heat for industrial processes,” Al-Maaitah explains. “The ASC technology is categorized as a concentrated solar power (CSP) technology, and with the UAE establishing the largest CSP plant in the world, it made sense to me to launch this innovation here.”

“Even with the delay due to the pandemic, the company managed to acquire an international reputation which qualified it to start obtaining orders from some of the world’s most famous solar energy landmarks,” Al-Maaitah reveals. “Currently, the final contract for a solar water desalination plant in NEOM City at Saudi Arabia is being drafted, after the ASC technology was verified and approved with NEOM City technical consultants. The project should start execution this year with a value around US$3.5 million.”

Wahaj Solar is currently self-funded by its founders, but Al-Maaitah is hoping its success so far will entice external investors to fund his startup in the future. “Currently, as the company is showing definite commercial valuation, I hope to get investors to help the accelerated growth that the company promises,” he concludes.

Source Credit: Entrepreneur