Energy

Saudi Arabia Refineries Company (SARCO) has signed a non-binding memorandum of understanding with UAE-based Go Energy to explore a green hydrogen (ammonia) project in the Kingdom, according to SARCO’s statement to the Saudi stock exchange. The partners will carry out a joint study for the proposed project and develop a legal framework to guide their cooperation, SARCO said. The MoU...

FlyNow Arabia has attracted significant investment from Den VC and prominent family offices, including the Al Mohaidab, Reslan, and Mehchi families, according to company statements. This funding aims to accelerate the integration of electric air mobility solutions within Saudi Arabia. With the new capital, FlyNow Arabia plans to launch a regulatory sandbox for testing and begin building local manufacturing facilities...

Saudi Arabia is accelerating its shift to renewable energy, aiming to produce half of its electricity from clean sources by 2030, according to The Wall Street Journal. The country is building some of the largest solar farms and battery storage projects in the world as part of this ambitious plan. GameChange Solar plays a significant role in this transformation. Its...

Foxconn Interconnect Technology (FIT), a subsidiary of Taiwan's Foxconn, is set to launch its first manufacturing plant in the Middle East this December. The facility, located in Saudi Arabia, will produce electric vehicle chargers and is expected to begin operations in 2026, according to Reuters. This initiative is part of the Smart Mobility project, a collaboration between FIT and Saudi...

Saudi Arabia is advancing its leadership in clean energy, setting ambitious targets for renewable power and benefiting from declining solar PV costs and the adoption of large-scale energy storage. The SunRise Arabia Clean Energy Conference, organized by pv magazine and Solarabic, returns for its third year to examine these developments. This 2026 event will focus on how solar energy is...

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...