Energy

At the eighth Future Investment Initiative Conference in Riyadh, Gaoncell, a Korean company specializing in fuel cells, highlighted the importance of stable renewable energy storage. This event, a major global summit for CEOs and government leaders, provided a platform for Gaoncell to present its innovative solutions for energy transition. Managing Director Jang Ha-nyung represented Gaoncell, emphasizing the need for a...

Saudi Arabia is set to announce the winner of the 2 gigawatts (GW) Al Sadawi solar PV Independent Power Project (IPP) in the Eastern Province shortly, according to Energy Minister Abdulaziz bin Salman Al Saud. During the FII8 event in Riyadh, the minister mentioned that the Al Sadawi project is expected to be finalized within the next couple of weeks....

Saudi Arabia is advancing its renewable energy sector by beginning local production of steel towers for wind energy systems. This move aligns with the nation's Vision 2030 plan, focusing on increasing renewable energy output and creating new job opportunities. Recent agreements with Al-Yamamah Steel Industries and Arabian International Co. for Steel Structures mark a significant step forward. These deals, struck...

Korea Electric Power Corp. (KEPCO), a major South Korean utility, has been selected as a finalist for several renewable energy projects in Saudi Arabia, with a total investment of approximately 3 trillion won ($2.2 billion). KEPCO emerged as a leading candidate for three of the four solar initiatives under the Fifth National Renewable Energy Program (NREP), as announced by the...

Saudi Arabia is set to manufacture steel towers for wind energy systems following two critical agreements by the Local Content and Government Procurement Authority. These agreements, in collaboration with Al-Yamamah Steel Industries Co. and Arabian International Co. for Steel Structures, aim to localize production and transfer essential knowledge in the wind energy sector. During the Energy Localization Forum in Riyadh,...

Antaisolar recently announced a significant partnership with Bahra Electric during the Solar & Storage Live KSA 2024 event in Riyadh, Saudi Arabia. This collaboration will lead to the creation of a joint venture and a new factory in Jeddah, marking Antaisolar's strategic expansion in the Middle East. Bahra Electric, a prominent industrial group based in Jeddah, was founded in 2008...

China's Hithium Energy Storage Technology Co has partnered with Saudi Arabia's MANAT, founded by Engineer Nabilah AlTunisi, to create a joint venture named Hithium MANAT. This collaboration aims to establish a Battery Energy Storage System (BESS) manufacturing facility in Saudi Arabia, boasting an annual production capacity of 5GWh (Gigawatt-hour). The joint venture plans to combine Hithium's global energy storage expertise...

Hithium, a prominent energy storage solutions provider, has partnered with Eng. Nabilah AlTunisi's company, MANAT, to establish Hithium MANAT. This joint venture aims to enhance energy storage capabilities in Saudi Arabia by setting up a Battery Energy Storage System (BESS) manufacturing facility with an expected annual capacity of 5 GWh. At the Solar & Storage Live KSA event, Hithium introduced...

Hithium Energy Storage Technology Co., Ltd., a leader in energy storage solutions, has partnered with Eng. Nabilah AlTunisi's company, MANAT, to establish a joint venture called Hithium MANAT. This venture aims to build a Battery Energy Storage System (BESS) facility in Saudi Arabia, targeting a production capacity of 5 GWh annually. At the Solar & Storage Live KSA event, Hithium...

Solar power companies worldwide are convening in Riyadh to explore new prospects in Saudi Arabia's journey to net zero at the Solar & Storage Live KSA exhibition. NEOM Green Hydrogen Co. is a prominent participant in the event. CEO Wesam Al-Ghamdi expressed enthusiasm about engaging with industry peers and highlighted the excitement surrounding their project, which aims to be fully...