Energy

Hydrogen Utopia International PLC (HUI) has announced its expansion into Saudi Arabia by appointing Mr. Iman Ramani as its representative for the Gulf Cooperation Council. This move is part of HUI’s strategy to capitalize on Saudi Arabia’s Vision 2030, which prioritizes clean energy development, according to company sources. HUI specializes in converting non-recyclable mixed waste plastic into hydrogen, carbon-free fuels,...

Stargate Hydrogen, a leading green hydrogen technology firm from Estonia, has entered into a memorandum of understanding with the Research, Development, and Innovation Authority (RDIA) of Saudi Arabia, according to Stargate Hydrogen. This collaboration aims to accelerate hydrogen innovation and establish Saudi Arabia as a center for sustainable energy technology. Key Initiatives and Strategic Plans The agreement outlines several key...

Saudi Electricity Company Secures Major Battery Energy Storage Projects Saudi Electricity Company has secured two major battery energy storage projects in northern Saudi Arabia, signaling a significant shift in global energy storage economics, according to industry sources. The combined capacity of these projects is 4.9 GWh, with installation costs ranging from USD 73 to 75 per kilowatt-hour—prices that closely rival...

The Public Investment Fund (PIF) and Macquarie Asset Management (MAM) have signed a Memorandum of Understanding to strengthen cooperation in infrastructure and energy transition sectors. According to PIF, this partnership will focus on digital infrastructure, electric vehicle infrastructure, and energy storage, aiming to attract foreign institutional investment and support the growth of Saudi Arabia’s asset management industry. As part of...

MediSun Energy, a Singapore-based specialist in integrated brine management, has signed two significant Memorandums of Understanding with GreenTech Environmental, a leading Chinese company in water treatment and resource recovery, during the Global Water Expo in Riyadh. The collaboration combines MediSun’s advanced Reverse Electrodialysis (RED) and Selective Electrodialysis Metathesis (S-EDM) technologies with GreenTech’s modular Newater House desalination units. These units, capable...

The Maaden Bauxite and Alumina Company, a subsidiary of the Saudi Arabian Mining Company, has entered a 30-year Power Purchase Agreement with Emerge, a partnership between Masdar and EDF, according to the Associated Press. This deal will bring a solar power project to the Al Baitha Bauxite Mine, providing renewable energy and supporting Saudi Arabia’s Vision 2030 for sustainability and...

HiTHIUM, a Chinese energy storage manufacturer, has been awarded a contract by the Saudi Electricity Company to deliver two major battery energy storage system projects in the provinces of Tabuk and Hail. According to HiTHIUM, these projects will have a combined capacity of 4 gigawatt hours and use their advanced long-duration battery cells within 6.25 megawatt-hour units. The initiative, developed...

E-FILL, operated by ASX eMobility under AlSharif Group Holding, has introduced Saudi Arabia’s first subscription-based electric vehicle charging plans. The new options—Basic, Standard, and Business/Fleet—are designed to offer affordable and predictable pricing, making it easier for drivers and businesses to access E-FILL’s expanding fast-charging network nationwide, according to ASX eMobility. Mohammed Almusawa, Chief Executive Officer of ASX eMobility | E-FILL,...

Saudi Electricity Company (SEC) has reported strong financial and operational results for the second quarter and first half of 2025, reflecting increased energy demand and ongoing business expansion, according to SEC. In the second quarter, revenue rose by 24% to SAR 27.7 billion, with gross profit up 42% to SAR 7.4 billion. Operating profit climbed 21% to SAR 6.8 billion,...

Masdar, in partnership with GD Power and Korea Electric Power Corp., has finalized the financing for the Al Sadawi solar photovoltaic project in Saudi Arabia, according to the company. With a planned capacity of 2 GW, this initiative is part of the National Renewable Energy Program overseen by the Ministry of Energy. The project, valued at around US$1.1 billion, has...