KSA’s Tamgo to distribute hydrogen-fuelled generators in the MENA region: London-based Hydrogen fuel cell developer AFC Energy signed a distribution agreement with Saudi Arabia's Tamgo — publicly listed as The Machinery Group — to market and sell the company’s zero-emission hydrogen-fuelled generators to Saudi Arabia and 16 neighboring countries, a statement on the London Stock Exchange said. Tamgo will have exclusive rights to AFC Energy's air-cooled S Series and liquid-cooled S+ Series fuel cell generators currently ranging from 10 kW to 200 kW and built for industrial and off-grid use. The company will also provide local on-the-ground maintenance and servicing along with engineering, design, commissioning, and logistical support. Other countries AFC is eyeing include the UAE, Qatar, Oman, Kuwait, and Kazakhstan. The MENA region’s rental power market is currently worth more than USD 1.6 bn and is projected to increase to USD 3.2 bn by the end of 2030, according to the statement.

About Tamgo: Tamgo — a subsidiary of investment conglomerate Zahid Group — is one of Saudi Arabia’s leading power rental businesses. It has provided power solutions to mega-scale infrastructure and mining projects including Neom, the Red Sea project, and Qiddiya mega entertainment complex. Its clients include Aramco and Altaaqa Alternative Solutions.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • A generous loan from Japan to Jordan: Japan extended a USD 100 mn loan to Jordan to help support its electricity sector reforms. (Reuters)
  • Farnek’s transport fleet will run on biodiesel: Dubai-based NeutralFuels will supply UAE’s smart and green facilities management firm Farnek with B7 blend biodiesel for their transport fleet. The fuel saves 6.14% of CO2 in comparison to using regular diesel. (Statement)
  • KSA giant food manufacturer signs PPA with Engie for solar station: Saudi Arabia’s largest agriculture and food manufacturing company Al Jouf selected French utility firm Engie to construct a 8 MW solar plant to supply the company’s olive oil, pickles, and french fries factories with energy under a 25-year PPA agreement. Construction will begin later this month, with operations planned for September of next year. (Saudi Exchange)
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