Industry

Tdafoq Energy, based in Riyadh, will distribute Delectrik Systems’ vanadium battery solutions in the GCC countries and establish a manufacturing plant in Saudi Arabia. The new plant will be expanded to a GWh capacity by 2025, according to the deal.
The project aims to promote Saudi Arabia’s economic diversification goals, which include reducing dependency on oil and modernizing the economy. By 2030, the monarchy hopes to generate half of its energy from …

ADNOC has struck deals with 25 firms valued at up to 35 billion dirhams to encourage them to produce vital items for the UAE’s energy sector domestically. Pressure vessels, compressors, leak detection gauges, and other items could be produced inside the country.
Through ADNOC’s In-Country Value program, massive investments will flow back into the area’s economy as a result of these partnerships. The partnerships could also result in …

In the future years, the Middle East and North Africa (MENA) area is likely to experience a tremendous increase in capacity for solar, wind, and green energies. In the coming years, an increase to 100 GW is possible. This is all according to Dii Desert Energy’s Cornelius Matthes.
MENA’s Energy Production
Currently, the region produces solar energy for as little as 2 cents per kWh and wind energy for as little as 3 cents per kWh. On the other hand, the United States’ largest climate initiative, which includes a $369 billion commitment…