Energy

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...

The Saudi Electricity Company (SEC) has partnered with China's BYD Energy Storage to construct the world's largest grid-scale energy storage project in Saudi Arabia. BYD is set to supply an impressive 12.5 gigawatt-hours (GWh) of Battery Energy Storage System (BESS) capacity. BYD announced that their MC Cube-T Energy Storage System, utilizing advanced Cell-to-System (CTS) technology, will be a key component...

Saudi Arabia's Red Sea Global (RSG) has partnered with DAA International and the Arabian Petroleum Supply Company (APSCO) to bring Sustainable Aviation Fuel (SAF) to The Red Sea International Airport. This initiative is part of a broader effort to enhance aviation sustainability. According to RSG, both SAF and Lower-Carbon Aviation Fuel (LCAF) are designed to significantly cut greenhouse gas emissions in...

NEOM has partnered with DataVolt to create a substantial AI-powered data center with a capacity of 1.5 gigawatts. This initiative is a pivotal move towards achieving Saudi Vision 2030 by fostering a sustainable, data-driven economy. The project will be located in Oxagon, NEOM's hub for advanced industries, and will be developed in phases. The first phase involves an initial investment...

Saudi Arabia is making significant progress in renewable energy, especially in solar power, as part of its Vision 2030. The Kingdom aims for 50% of its electricity to come from renewable sources by the decade's end. To achieve this, it has committed 705 billion riyals (around 188 billion US dollars) to accelerate growth in the sector, as reported by the...

Scientists at King Abdullah University of Science and Technology have pinpointed several ideal locations in Saudi Arabia for storing solar and wind energy, which could enhance water management and food security. The study highlights two promising sites along the Red Sea, requiring approximately $16.5 billion investment, though further research is needed to confirm their viability. Published in the Renewable and...

Saudi Arabia's ACWA Power has entered into a memorandum of understanding with Snam, an Italian gas grid operator, to explore joint initiatives for creating a green hydrogen supply chain to Europe. This partnership aims to establish a reliable and cost-effective international supply of green hydrogen, connecting Saudi production with European markets. The collaboration also includes plans to evaluate the construction...

Saudi Arabia and Germany have signed a memorandum of understanding (MoU) to create the Saudi-German Green Hydrogen Bridge. This initiative involves ACWA Power and the German company SEFE, focusing on the production and export of green hydrogen and green ammonia from Saudi Arabia to Europe. The agreement outlines plans for ACWA Power and SEFE to collaborate on projects, aiming to...