Others

ACWA Power says next decade will focus on scaling green technologies

The next decade will be about scaling up and deploying green technologies in a wide range of industrial applications, the Vice-Chairman and Managing Director of ACWA Power said earlier this week.
“I think the next 10 years is going to be not just about feeding current [energy] demand or energy transition; it is also around taking the green technology and doing more with it,” Raad Al-Saady said at a panel discussion in the World Green Economy Summit (WGES).
These include e-SAF (sustainable aviation fuel), e-methanol, and greening of mining, the report by Zawya said.
ACWA Power, in which Saudi Arabia’s Public Investment Fund owns a significant stake, started with conventional power projects before moving into renewables. In 2019, its board approved investments in green hydrogen, which, Al-Saady noted, “effectively takes the many different technologies that we have and creates an integrated product [which is] green hydrogen.”
“The next step is how we use green hydrogen in this region – some of it will be exported, of course, but some of it needs to be used here in the region, whether it’s for agricultural use, aviation, green mining, and green data centres,” he said, Zawya reported.