Global Logistics Company invests in TVP Solar

Agility has invested in TVP Solar and has business team members dedicated to the commercialization of TVP Solar thermal energy solutions throughout the Middle East market. High-vacuum solar thermal systems are ideal for the intense Gulf heat, with one particular type of high-vacuum technology capable of operating autonomously with minimal output losses even after severe sandstorms. In fact, air conditioning for Agility’s corporate headquarters in Kuwait is provided by a solar-driven cooling system by TVP that ran automatically and unattended for over 365 days with 98% reliability

Agility is a global logistics company with $5.1 billion in annual revenue and 26,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia.

The announcement of the investments came as part of Agility’s launch of its latest sustainability report. It follows the news that Agility committed to adopt science-based targets for greenhouse gas emissions reduction and achieved third-party certification for its shipment emissions reporting. The logistics company is pursuing an ambitious environmental strategy. By 2025, it plans to cut its emissions by 25% from 2016 levels. To reach that goal, the company is implementing renewable energy pilots in large facilities across the world and building to green standards as it adds over 300,000m2 of facilities to its portfolio of warehousing and light industrial facilities across the Middle East and Africa. To drive green transformation across the industry, Agility Ventures has made green technologies one of its four core investment areas.

Agility Chairwoman Henadi Al-Saleh said: “Green technology is a major focus of our investment strategy, and we’re always on the lookout for dynamic new businesses that can revolutionize the supply chain to help protect the planet. We are looking at innovative solutions that drive business value by reducing costs, increasing efficiency, and reducing energy consumption at the same time.”