Energy

The United States and Saudi Arabia are preparing to sign a preliminary deal to collaborate on developing a civil nuclear program, according to US Energy Secretary Chris Wright. Speaking in Riyadh after meeting with His Royal Highness Prince Abdulaziz bin Salman, Saudi Minister of Energy, Secretary Wright emphasized that both nations are working towards a partnership that aligns with their...

A recent high-level visit signals a new chapter in relations between the two countries, emphasizing innovation, sustainable growth, and impactful joint ventures. Key discussions are set to revolve around renewable energy partnerships and the exchange of industrial expertise. According to official data, bilateral trade surpassed $6 billion in 2023. Strategic cooperation will expand into vital sectors, including pharmaceuticals, food production,...

Tanmiah Food Company, a leader in poultry and protein products, has partnered with Emerge, a collaboration between Masdar and the EDF Group, to establish a solar power plant at its Haradh facility. This initiative aligns with Saudi Arabia's clean energy goals and reinforces Tanmiah's commitment to sustainability. The project involves the development of a 3 megawatt-peak (MWp) solar power plant,...

EVIQ, a major player in Saudi Arabia's electric vehicle infrastructure sector, has launched its inaugural highway charging station at SASCO Aljazeera, situated on the crucial Riyadh-Qassim highway. This development marks a significant stride in promoting sustainable transportation across the region. The new charging station aims to ease long-distance travel challenges for electric vehicle users, potentially increasing EV adoption and supporting...

Tesla is set to make its debut in Saudi Arabia on April 10th with a showcase at Riyadh's Bujairi Terrace. This event will highlight Tesla's electric vehicles, solar energy innovations, and advancements in AI and robotics. The official launch announcement came through Tesla's website and social media, inviting attendees to explore a future powered by solar energy and electric vehicles....

Aramco has unveiled Saudi Arabia’s inaugural carbon dioxide direct air capture (DAC) test unit, designed to eliminate 12 tons of CO2 annually. This initiative, in partnership with Siemens Energy, marks a significant step in Aramco's strategy to enhance its direct air capture capabilities. The facility serves as a test bed for cutting-edge CO2 capture materials, tailored to the unique climate...

The Saudi Electricity Company (SEC) has unveiled its financial performance for 2024, highlighting a total operating revenue of SR88.7 billion ($23.6 billion), an 18% increase from the previous year's SR75.3 billion ($20.1 billion), according to the Associated Press. This growth is attributed to sustained electricity demand, enhanced power generation, the expansion of regulated asset bases, and higher weighted average cost...

SFC Energy AG, a prominent provider of hydrogen and methanol fuel cells, has secured its first order from Saudi Arabia. The order, placed by RESTART Limited Company, involves EFOY Pro methanol fuel cells and accessories for 100 public safety monitoring systems, contributing to SFC's revenue and earnings for 2025. Located in Brunnthal/Munich, SFC Energy AG is known for its sustainable...

HAALA Energy, a solar developer based in Saudi Arabia, has successfully secured SAR 28.5 million (USD 7.6 million) in a Series A funding round, according to the Associated Press. This financial boost is set to enhance the company's ability to expand its commercial and industrial solar projects. The funding, announced recently by the Jeddah-based firm, was primarily led by Fakeeh...

Lulu Retail has successfully completed its inaugural solar project in Saudi Arabia, located at the Riyadh Central Warehouse. This significant achievement aligns with the Kingdom's Vision 2030 and promotes the region's clean energy initiatives. The 502.7 kWp rooftop solar facility, developed with the Kanoo-CleanMax joint venture, is expected to produce 846 MWh of clean energy yearly. According to the Associated...