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UAE-based energy management solutions provider, Emrill Energy, has signed a Memorandum of Understanding (MoU) with the Institute of Real Estate Management (IREM),
Luxury EV automobile company SERES has opened its first showroom in the UAE in partnership with Green Motors, a prominent car distributor in the region. The showroom, located on Sheikh Zayed Road in Dubai, marks a significant step for luxury EVs in the Gulf and aligns with the UAE’s green economy and sustainable mobility initiatives. […]
Saudi-based conglomerate Rawabi Holding has announced a joint venture with sustainability fintech company World Wide Generation (WWG), alongside a multimillion GBP investment in WWG. The partnership aims to streamline sustainability reporting and fast-track the Kingdom’s sustainability performance, aligning with the Saudi Vision 2030 goals and focusing on hard-to-abate sectors. The venture will utilise WWG’s G17Eco […]
The Arab Energy Fund (TAEF), a leading energy-focused financial institution in the MENA region, announced a 37% year-over-year increase in net income for the first half of 2024. The fund, formerly known as APICORP, reported a net income of USD 121 million for the period ending June 30, 2024, up from USD 88 million in […]
Electric services company General Electrics Vernova announced the successful rollout of its first H-class gas turbine unit at the GE Saudi Advanced Turbines (GESAT) facility in Dammam on Friday. This turbine will power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP), which is anticipated to be the most efficient power plant in Saudi Arabia. […]
Advanced Energy Management Company (AEMACO), on Friday, successfully deployed its innovative energy management system at Servhub’s labour camp in the UAE, resulting in a 20% reduction in energy consumption. AEMACO, established in 2020, initially focused on air conditioning systems and developed a unique hardware and software solution for monitoring and controlling A/Cs, marking a first […]
Green Energy Technology Company LONGi, on Friday announced a new world record efficiency of 30.1% for its commercial M6 size wafer-level silicon-perovskite tandem solar cell on June 19, 2024, at the Intersolar Europe event in Munich, Germany. The efficiency was independently certified by the Fraunhofer Institute for Solar Energy (Fraunhofer ISE). This achievement comes shortly […]
The Saudi Arabian Oil Company (Aramco) announced the signing of three Memoranda of Understanding (MoUs) with American companies to advance lower-carbon energy solutions. The MoUs were signed in the presence of Saudi Arabia’s Minister of Energy, HRH Prince Abdulaziz bin Salman Al Saud, and the US Secretary of Energy, Jennifer Granholm. The agreements involve collaborations […]
Arctech, a solar tracking and racking solutions provider, signed a land lease agreement with the Saudi Authority for Industrial Cities and Technology Zones, otherwise known as MODON, concerning the establishment of Arctech’s factory in Jeddah, Saudi Arabia with a factory covering about 97,000 square meters. The agreement signifies a significant step for Arctech’s expansion strategy, […]
ACWA Power, a leading developer and operator of renewable energy projects, on Thursday, signed a pact to partner with the International Renewable Energy Agency (IRENA) for the improvement of the global transition towards clean energy. ACWA and IRENA will focus on developing key areas like green hydrogen, solar power, smart grids, and the water-energy nexus. […]
Motor vehicle manufacturing giants Hyundai Motors and Kia, on Monday, collaborated with Exide Energy Solutions, battery manufacturing firm to expand its electric vehicle (EV) plan in the Indian market. Hyundai said the company is looking to localize its EV battery production focusing on lithium-iron-phosphate (LFP) cells. Additionally, installing domestically produced batteries in their upcoming EV […]
Renewable energy company Adani Green Energy commissioned a 180-megawatt (MW) solar power plant at Devikot in Jaisalmer, Rajasthan on Wednesday. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The company said the solar plant would generate roughly 540 million units of electricity annually and will power […]
