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A US startup focused on net-zero homes is getting Aramco funds: Mighty Buildings— a US-based construction tech company focused on the delivery of carbon neutral homes — has raised USD 52 mn in a funding round co-led by Saudi oil giant Aramco’s Wa'ed Venturesand Bold Capital with participation by Khosla Ventures, TechCrunch reports. Where the […]
Author Archives: enterpriseam admin
Posted inGREEN TECH
The global heat pump supply needs to triple to reach net zero emissions by 2030
Energy efficient heating technologies are crucial for the energy transition: An often overlooked necessity for a successful global energy transition involves replacing gas-powered heating systems with its more energy efficient alternative — heat pumps. To achieve net zero emissions by mid-century, the global heat pump supply would need to almost triple by 2030, to cover […]
Posted inCLIMATE DIPLOMACY
UAE, Philippines discuss bolstering clean energy cooperation
UAE, Philippines mull clean energy cooperation: The UAE’s State Minister for Foreign Trade Thani bin Ahmed Al Zeyoudi reviewed with a delegation from the Philippines steps related to develop joint projects in sectors of mutual interest, including clean energy, artificial intelligence, transportation and logistics, Wam reports. They also discussed boosting trade and investment ties between […]
Posted inALSO ON OUR RADAR
Egypt inks three MoUs for waste management projects and the UAE launches an EV content platform for everything e-mobility
It’s a takeoff for some waste management projects in Egypt: Egypt signed three MoUs focused on green investments during Egypt’s inaugural Environmental and Climate Investment Forum, according to a statement. The first MoU was signed between Waste Management Regulatory Authority (WMRA), KIT Innovation HUB, and Green Build Egypt on waste management cooperation. Under the MoU, […]
Posted inAROUND THE WORLD
France’s EDF launches carbon capture and storage subsidiary Oklima
France’s EDF launches carbon capture and storage subsidiary: France’s state-owned energy giant EDF has set up a new carbon offset subsidiary Oklima to develop carbon capture and storage (CCS) projects in both France and abroad, Reuters reports. One of Oklima’s projects will focus on carbon sequestration — the process of capturing and storing CO2 by […]
Posted inCALENDAR
SEPTEMBER 2023 9-20 September (Saturday-Wednesday): 2023 Sustainable Development Goals Summit, New York, USA. 11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE. 12-13 September (Tuesday-Wednesday): Industry Transition 2023, Pittsburgh, USA. 12-15 September (Tuesday-Friday): WTO Public Forum, Geneva, Switzerland. 13-14 September (Wednesday-Thursday): Hydrogen Egypt Summit, Nile Ritz Carlton, Cairo. 18-19 September (Monday-Tuesday): The […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: A spate of renewables agreements emerge from the India-Saudi Investment Forum
Good morning, nice people. We’re experiencing a slight pause in the flood of regional climate news as the week rolls on, but there are a few regional updates and international news bits to share. THE BIG CLIMATE STORY- Several KSA-based renewables companies including Desert Technologies and Tadawul-listed Al Jomaih Energy and Water company have signed […]
Posted inUncategorized
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Posted inRENEWABLES
Saudi and Indian renewables companies sign spate of agreements in New Delhi
Saudi Arabia and India partner on renewables and green steel: Several KSA-based renewables companies including Desert Technologies and Tadawul-listed Al Jomaih Energy and Water company have signed MoUs with Indian companies on the sidelines of the India-Saudi Investment Forum to invest in the region’s renewables sector, The National reports. A sizable agreement for MENA: Dammam-based […]
Posted inRENEWABLES
KSA’s Red Sea Global enters agreement with EDF, Masdar for zero-carbon Amaala resort
KSA’s Red Sea Global is giving us a zero-carbon tourist destination: Red Sea Global (RSG) — a global multi-project developer fully owned by Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) — said it has entered into a 25-year concession agreement with French power giant EDF and the UAE’s state-owned renewables player Masdar […]