Yellow Door Energy, a prominent player in sustainable energy for the Middle East and Africa, successfully participated in the FABEX 2024 in Riyadh, Saudi Arabia. The company highlighted its innovative solar technologies aimed at helping businesses in the Kingdom’s heavy industry reduce electricity costs and achieve sustainability goals.
At the exhibition, Yellow Door Energy’s solar experts provided insights into advanced applications such as rooftop and carport solar, battery energy storage, and EV charging stations. Attendees explored the company’s solar lease solution, which offers significant electricity savings without upfront costs, and experienced virtual tours of solar plants.
The solar lease model involves a long-term agreement with a performance guarantee, allowing businesses to pay a monthly energy bill post-installation and eventually own a managed power system. This approach can reduce energy expenses by 15-40%.
Ahmed Diab, Business Development Manager for Saudi Arabia at Yellow Door Energy, emphasized the company’s role in supporting Saudi Arabia’s Net Zero emissions target by 2060. He noted that FABEX 2024 was an excellent platform for introducing their technologies and flexible financing options to industry leaders.
FABEX is a key event in the GCC for the steel and metallurgy industries, attracting decision-makers and experts to explore technological advancements. The 11th edition featured over 200 exhibitors and supported the objectives of Saudi Vision 2030.
The steel industry, crucial to Saudi Arabia’s economy, is expected to see a 3.9% CAGR in demand for finished products from 2023 to 2026, fueled by major projects like Neom and Qiddiya.
About Yellow Door Energy
Yellow Door Energy partners with businesses in the Middle East and Africa to provide solar and battery energy storage solutions, reducing costs and emissions. Their models support Net Zero targets through solar leases or power purchase agreements. Shareholders include Actis, IFC, Mitsui & Co., Ltd., and The Arab Energy Fund (TAEF).
