ACWA Power, a Saudi company specializing in power generation, water desalination, and green hydrogen, has entered into multiple clean energy agreements with U.S. firms valued at $500 million, according to company disclosures.
The company has partnered with Baker Hughes to advance green hydrogen production, focusing on electrolysis technology and improved safety and efficiency. This collaboration may also lead to local manufacturing in Saudi Arabia, encouraging domestic innovation.
In addition, ACWA Power and KBR will work together on large-scale projects, leveraging KBR’s ammonia technology and engineering expertise to help manage and operate these initiatives. Another agreement with Energy Recovery aims to enhance energy efficiency in seawater desalination plants using advanced pressure exchanger (PX) technology.
These agreements reinforce the strategic partnership between Saudi Arabia and the United States, supporting the Kingdom’s Vision 2030 and its goal to achieve net-zero emissions by 2060. ACWA Power’s total partnerships with U.S. companies now surpass $6 billion, according to company statements.
Raad Al Saady, Vice Chairman and Managing Director of ACWA Power, emphasized that these collaborations align with Vision 2030 by leveraging American expertise to accelerate renewable energy development, create jobs, and diversify the Saudi economy. Chief Executive Officer Marco Arcelli highlighted the importance of such partnerships in accessing advanced technology and expanding into new markets to meet net-zero targets by 2050.
In 2025, ACWA Power also formed partnerships with Australian electrolyzer company Hysata for electrolysis demonstrations in Saudi Arabia, Germany’s Securing Energy for Europe (SEFE) for green hydrogen supply to Europe, and Italy’s Snam to explore joint investments in a green hydrogen supply chain from Saudi Arabia to Europe.
