Browsing: Middle east

Saudi Arabia’s ACWA Power has inked memorandums of understanding (MOUs) with two prominent Chinese companies. These agreements encompass a wide spectrum of green energy initiatives, including green hydrogen and ammonia production, global renewable energy endeavors, and integrated smart energy solutions.

In a recent development, the Ministry of Energy and Minerals took part in a technical workshop titled “Methods of Underground Energy Storage” on September 13, 2023. The event, described in a statement by the Specialized Energy Platform, explored Oman’s potential in underground hydrogen storage, leveraging its geological features like salt domes and porous rock formations.

Saudi Arabia is rapidly emerging as a global leader in the hydrogen sector, signaling a profound commitment to clean energy and sustainability. The nation’s ambitious initiatives align with the global imperative to curb carbon emissions, advance the goals of the Paris Climate Agreement, and drive the transition toward a low-carbon future.

Barbara Beltrame, the Vice President of Confindustria for internationalization, signed a Memorandum of Understanding (MoU) with ACWA Power, a prominent global company in energy production, desalinated water, and green hydrogen. ACWA Power operates across the Middle East, Europe, Central Asia, and Africa, making this agreement a crucial step in advancing sustainable energy initiatives.

The Ministry of Energy and Infrastructure (MoEI) of the United Arab Emirates (UAE) and the Federal Ministry for Economic Affairs and Climate Action (BMWK) of Germany recently joined forces under the Emirati-German Energy and Climate Partnership.

Oman’s Minister of Economy, Dr. Said Mohammed Al-Saqri, highlighted the flourishing economic cooperation between Oman and Saudi Arabia. Over the past two years, since the establishment of the Saudi-Omani Coordination Council and the opening of a direct land border, these Gulf nations have witnessed substantial progress in various sectors.

Hydrogen Egypt is eyeing expansion into the Saudi Arabian market. Engineer Khaled Naguib, Chairman of the Board of Directors of Hydrogen Egypt, revealed that the company views the Saudi market as exceptionally promising for hydrogen, particularly in the context of supplying clean energy to the growing Asian market.

The United States and Saudi Arabia have inked an agreement that paves the way for renewable energy and hydrogen connections. This historic pact, announced as part of an ambitious megaproject encompassing railways and ports, has far-reaching goals that could reshape global energy transit.

Morocco plans to launch a green hydrogen project in 2024, marking a significant stride towards meeting global demands for clean and environmentally friendly energy sources.

AFC Energy has entered into an exclusive distribution agreement with Saudi seller Tamgo for its “H-Power” hydrogen generators. This strategic collaboration is set to reshape the energy landscape in Saudi Arabia and neighboring regions.