Energy

Saudi Arabia is leveraging science and technology as pivotal elements in its Vision 2030 to tackle global issues such as climate change, food security, health crises, and advancements in artificial intelligence. Dr. Munir Al-Dasouki, President of the King Abdulaziz City for Science and Technology (KACST), highlighted these goals during the Science and Technology in Society Forum in Kyoto. The Kingdom...

Saudi Arabia's Public Investment Fund (PIF) has announced the creation of a new subsidiary, the Energy Solutions Company, which will invest around $10 billion in green hydrogen production. This initiative is part of a broader strategy to foster the development of low-carbon fuels. The Energy Solutions Company aims to capitalize on the growing demand for hydrogen, supported by a robust...

Saudi Arabia is advancing its position in the green hydrogen sector through a $10 billion initiative led by its Public Investment Fund (PIF). As part of Vision 2030, the Kingdom is utilizing its vast solar and wind resources to become a dominant force in this emerging market. This move marks a significant shift from Saudi Arabia's traditional reliance on oil...

The Neom Green Hydrogen Company has taken a significant step by receiving its first batch of wind turbines, marking an important milestone in Saudi Arabia's ambition to become a leader in hydrogen production. This development is part of a broader strategy by the Saudi Public Investment Fund (PIF) to invest approximately $10 billion into green hydrogen through its new subsidiary,...

Hitachi Energy's Role at SASG 2024 Join Hitachi Energy at the 12th Saudi Arabia Smart Grid Conference (SASG 2024) from December 16-18 at The Ritz-Carlton, Riyadh. As a Platinum Plus sponsor, Hitachi Energy offers insights into the latest in sustainability, energy transition, and digitalization under the Ministry of Energy's patronage. Exploring Energy Innovations SASG 2024 is a key event for...

Tongwei and Saudi Arabia's ACWA POWER have made strides in energy collaboration by signing a supply agreement for the MUWAYH photovoltaic project, under Saudi Arabia’s Public Investment Fund. This agreement builds on the framework set during the 2024 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition, marking a significant achievement under the "Belt and Road" initiative. ACWA POWER, a...

Scenario Analysis for Renewable Energy Investment: This study explores future renewable energy investment scenarios in Saudi Arabia using a novel hybrid framework. Key Insights: A hybrid framework is introduced for analyzing renewable energy investments. The approach integrates Leontief and fuzzy group decision support models. Expert opinions are combined with statistical data for comprehensive analysis. Sensitivity analysis evaluates the framework's robustness....

JinkoSolar, a prominent player in the solar industry, has unveiled plans to establish a joint venture with a subsidiary of Saudi Arabia's Public Investment Fund (PIF) and Vision Industries Company (VIC) for the creation of an advanced solar cell and module factory. The proposed facility, which represents an investment of approximately US$1 billion, is set to be a paragon of...

Envision Energy, distinguished as the 'Green Giant' by a prominent business listing in 2024, has unveiled a collaborative venture with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries, with the goal of propelling wind energy development across the Middle East, contributing to the region's shift towards a more eco-friendly and renewable energy landscape. The partnership aims to manufacture and...

Hitachi Energy has been commissioned to construct three high-voltage direct current (HVDC) converter stations, which are a cornerstone for the 3,000 megawatt (MW), 500 kilovolt (kV) HVDC Classic interconnection project linking Saudi Arabia and Egypt.The unique multi-terminal design of this interconnection allows for bidirectional electricity transmission among the three converter stations situated in Medina and Tabuk within Saudi Arabia, and...