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Stellantis acquires 20% stake in Chinese EV maker Leapmotor: Global automaker Stellantis has inked an agreement to buy a 21.2% stake in Chinese EV maker Leapmotor for around USD 1.1 bn, Bloombergreported last week. Leapmotor and Stellantis will set up a JV to sell Leapmotor cars outside of China. REMEMBER- Stellantis is also expanding in […]
Author Archives: enterpriseam admin
Posted inCALENDAR
OCTOBER 2023 29 -31 October (Sunday-Tuesday): Egypt Energy Conference, Egypt International Exhibition Centre, Cairo, Egypt. 29 October-2 November (Sunday-Thursday): Cairo Water Week, Cairo, Egypt. 30 October - 2 November (Monday-Thursday): International Solar Alliance Assembly, New Delhi, India. 31 October-2 November (Tuesday-Thursday): Financial Times’ Energy Transition Summit, London, UK. 31 October-2 November (Tuesday-Thursday): World Hydropower Congress, […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Neom Investment Fund makes its initial investment in green mobility
Good morning, ladies and gents. The climate sector updates continue to roll in from Saudi Arabia as Davos in the Desert is underway in Riyadh, with a few other bits to note from the wider region. Don’t miss our deep dive into the world of quantum computing and what it means for our industry. THE […]
Posted inUncategorized
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Posted inINVESTMENT WATCH
Neom Investment Fund makes its first two investments in US-based electric seaglider maker Regent and autonomous driving company Pony.ai
US green mobility sector the first target for Neom’s newly launched investment fund: Saudi Arabia’s Neom is investing in US-based electric seaglider manufacturer Regent and US-based autonomous driving company Pony.ai to establish operations for both green vehicles in the smart city, according to two statements (here and here). The investment is being made through the […]
Posted inGREEN FINANCE
IsDB joins forces with World Bank to help finance climate-centered regional projects
IsDB and World Bank partner on green projects: Saudi-based Islamic Development Bank (IsDB) has partnered with the World Bank to help finance climate-centered water, energy, and food projects in the MENA region by 2026, according to a statement. The partnership aims to support joint operations that could rack up to USD 6 bn in financing […]
Posted inUncategorized
Posted inDECARBONIZATION
KSA’s Olayan and LanzaTech form a JV to expand carbon recycling tech offering
KSA’s Olayan partners up with USA’s Lanzatech on carbon recycling: Saudi Arabian investment firm Olayan Financing Company and US-based carbon recycling company LanzaTech have formed a JV to expand deployment of the latter’s carbon repurposing tech in KSA, according to a statement. The tech: LanzaTech's carbon capture and utilization technology uses microbial gas fermentation, a […]
Posted inGREEN TECH
The energy transition could use a push from the next big tech revolution: Quantum Computing
Quantum computing, the next big tech revolution: Quantum computing is creating a major buzz because of its ability to solve extremely complex problems at super speeds, and the energy sector is paying close attention to this tech and exploring possible applications for its operations as the need for a speedy green transition intensifies. A report […]
Posted inALSO ON OUR RADAR
Egypt + Belgium explore energy export, CCED and Aggreko work on cutting emissions, and UAE’s EGA to build an aluminum recycling plant
RENEWABLES- Egypt agrees on MoU to export electricity: Egypt inked an agreement with Belgian firm Jan De Nul to conduct feasibility studies on the possibility of building a Mediterranean subsea powerline with a capacity of 2 GW to export renewable electricity to Europe, according to a statement. No further details on the agreement were disclosed. […]