Browsing: Middle east

In the United Arab Emirates, Innovation Platform Capital (iPC) and Intelligent Investment Holding (IIH) have announced a strategic joint venture to develop a large scale green hydrogen production platform aimed at supplying domestic industries while creating future export opportunities.

Saudi Arabia’s battery storage market is entering a new phase of industrial development as Chinese energy storage manufacturer ZOE Energy Storage moves to establish a large-scale battery energy storage system manufacturing facility in the kingdom.

Oman is intensifying efforts to position itself as a long distance supplier of green hydrogen and hydrogen derivatives to European markets through a proposed export corridor linking the sultanate with the Netherlands.

Saudi Arabian Refineries Company, known as SARCO, has signed a non binding memorandum of understanding with China’s Ally Hydrogen Energy Co., Ltd. to jointly develop a green ammonia production plant alongside a manufacturing and assembly hub for hydrogen production and purification equipment.

Jordan has moved deeper into the global hydrogen export race with a $1 billion agreement for a green ammonia facility in Aqaba, adding another large scale project to a region increasingly positioning itself as a low cost supplier to European and Asian markets.

Oman’s hydrogen ambitions are increasingly shifting from export-led projects toward domestic integration, as the Nama Power and Water Procurement Company launches a tender to assess a hydrogen-fueled power plant with a capacity of up to 1 gigawatt.

Global mean sea level has risen by 9.4 centimeters since 2000, with satellite data showing an average annual increase of 3.64 millimeters since 1999, according to the Copernicus Climate Change Service. The rate is not static. It has accelerated from 1.3 millimeters per year in the early 20th century to 3.7 millimeters per year in the most recent observational window assessed by the Intergovernmental Panel on Climate Change.

Jordan has signed a memorandum of understanding with the European Bank for Reconstruction and Development to support its goal of sourcing 50 percent of energy from renewables by 2033 through a more integrated approach combining project financing, regulatory reform, and infrastructure development.

Saudi Arabia is moving to procure 12,000 MWh of battery storage capacity in a single tender round, signaling a material shift in how the Kingdom balances renewable expansion with grid stability. The initiative, led by Saudi Power Procurement Company, introduces six large-scale Battery Energy Storage System projects, each rated at 500 MW with four-hour discharge capability, bringing the total to 3,000 MW of capacity.

Before the Hormuz closure, approximately 20 million barrels of oil transited the strait every day. By the time Fatih Birol…