
Tdafoq Energy Strikes Deal with India’s Delectrik Systems for New Battery Manufacturing Plant
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 …