Energy

Hyundai Engineering & Construction Co. (Hyundai E&C) has achieved a significant milestone by securing a major project in Saudi Arabia valued at 1 trillion won. The company signed a contract with the Saudi Electricity Co. for the "Saudi Riyadh-Kudmi 500kV High Voltage Direct Current (HVDC) Transmission Line" project, worth $725 million. This marks Hyundai E&C's largest transmission project in the...

Saudi Arabia's Ambitious Green Energy Plans Saudi Arabia aims to revolutionize the green hydrogen sector with a substantial investment of at least $10 billion. This initiative by the Public Investment Fund emerges during a challenging period for the industry, marked by project cancellations and adjustments. As global focus shifts to sustainable energy, Saudi Arabia's commitment could significantly alter the energy...

Saudi Arabia is actively pursuing hydrogen production to diversify its economy and reduce emissions. The country's Public Investment Fund plans to allocate $10 billion towards developing green hydrogen, with additional support from Saudi Aramco. As part of its Vision 2030 initiative, Saudi Arabia aims to generate 50% of its electricity from renewable sources, preparing for a future less dependent on...

The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, has begun the qualification process for the first group of Battery Energy Storage System (BESS) projects. These initiatives aim to provide a total capacity of 8,000 MWh (2,000 MW over 4 hours) to boost Saudi Arabia's renewable energy sector. The projects, each with a 500 MW/4-hour capacity, are located...

Saudi Arabia is embarking on its first Battery Energy Storage System (BESS) projects through a Public-Private Partnership model, targeting an ambitious 48 Gigawatt-hours (GWh) storage capacity by 2030. The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, has launched the qualification process for four BESS projects, termed 'Group 1 Battery Energy Storage Services Projects', as of early November...

The Saudi Power Procurement Company (SPPC) has announced a tender for four significant battery energy storage system (BESS) projects, each with a capacity of 500 MW/2 GWh, totaling 2 GW/8 GWh. These projects are set to be developed in various regions of Saudi Arabia, including Makkah Province, Qassim Province, and Hail Province. Named as the Al-Muwyah, Haden, Al-Khushaybi, and Al-Kahafa...

AFC Energy, a leader in hydrogen power technology, has announced an agreement to deliver its first 45kVA H-Power System to Saudi Arabia through its exclusive distributor, The Machinery Group LLC (TAMGO). This system includes the latest S Series 30kW fuel cell generator, a 45kWh battery energy storage system, and a hydrogen pressure reduction station. The initial deployment aims to adapt...

Saudi Arabia is taking a significant step towards diversifying its energy portfolio by launching a tender for Battery Energy Storage Systems (BESS), with a total capacity of 2,000 MW. These systems will store up to 8,000 MWh of energy, enhancing the management of renewable sources like solar and wind within the national grid. The Saudi Power Procurement Company (SPPC) is...

The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, is inviting qualifications for its inaugural Battery Energy Storage System (BESS) projects, totaling 8000 MWh. This initiative is a part of Saudi Arabia's Vision 2030 to boost renewable energy. The first group of BESS projects will have a combined capacity of 2000 MW/4 hours, distributed across four key sites:...

Saudi Arabia has embarked on a significant renewable energy initiative by launching a tender for battery storage systems. This project, aimed at enhancing grid flexibility, involves creating 2,000 MW/8,000 MWh of battery storage capacity through four build-own-operate projects. The Saudi Power Procurement Company (SPPC) has announced that these projects will be developed under the BOO model, allowing developers full ownership...