The independent body which governs investment-free zones in the country, Qatar Free Zones Authority (QFZA), and US-based Inventus Power Company, a global leader in advanced battery technology and manufacturing, have inaugurated the company’s technical center and manufacturing facility in Qatar Free Zones (QFZ).
The inauguration ceremony took place at Ras Bufontas Free Zone, in the presence of the Qatari Minister of State and QFZA Chairman Mr. Ahmad al-Sayed, Inventus Power President & CEO Mr. Patrick Trippel, along with Members of QFZA and Inventus Power senior management.
The new technical center will accelerate Inventus Power’s international expansion to serve the European, Middle Eastern, and African (EMEA) markets. It will also be a critical component of Inventus Power’s world-class global engineering and manufacturing platform for advanced battery and power systems and will be fully integrated with the company’s existing capabilities and global development efforts to speed up market adoption of lithium-ion battery technology across the EMEA region.
The facility’s engineering hub or Technical Centre EMEA will complement Inventus Power’s existing technical centers in the US and China while establishing itself as a center of excellence for the whole organization in digitalization, smart IoT batteries, energy storage systems (ESS), and lead-acid battery conversion.
The site will also have full manufacturing capabilities to support the region’s customer base, including local entities, such as military, government, security, as well as other commercial opportunities.
“Qatar Free Zones Authority is pleased to witness the inauguration of the new engineering and manufacturing facility of ‘Inventus Power’, a leading provider of advanced battery systems for commercial, industrial, medical, and military markets.
“Doha Venture Capital (DVC) is a strategic partner for Inventus Power and focuses on attracting companies in strategic sectors, particularly companies working in or utilizing technology, such as Inventus Power, to take advantage of the growth opportunities in Qatar and the free zones, and to expand regionally and globally, in line with the country’s strategy and vision,” Mr. Al-Sayed further added.
On the occasion, Mr. Trippel remarked that, “We are excited to reach this milestone in our market expansion strategy. The opening of our Technical Centre EMEA enables us to further support our global customers by enhancing our advanced engineering and development capabilities while also providing ongoing regional technical support for our growing business in EMEA.”
Meanwhile, Inventus Power Qatar Chairman Mr. Tom Donahue, Jr remarked that, “We are happy with the progress that has been made since Inventus Power entered into its partnership with QFZA more than a year ago and thank the QFZA for all of the support they have provided to help get us here.”
In the coming months, Inventus Power plans to invest in additional research and development capabilities by leveraging partnerships with universities and research institutions in Qatar.
Mr. Ali Mohamed al-Mahmoud, Qatar Managing Director- Inventus Power, stated that, “Being located at Ras Bufontas Free Zone, adjacent to Hamad International Airport, will enable our facility to focus on growing business while meeting the demands of clients in Qatar and the EMEA region with reliability, convenience, and superior service.”
Qatar Free Zones are designed to provide a global competitive advantage across various key sectors, as well as a business-friendly environment and world-class services to investors that contribute to enhancing the financial and operational performance of companies.