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Australia risks losing green hydrogen race to MENA and the US: Despite its green energy advantages, Australia risks losing the race to build a green hydrogen sector due to sizable policy support in MENA and the US, the Guardian reports Fortescue Future Industries (FFI) Director Guy Debelle saying. The Biden administration’s recently-passed Inflation Reduction Act […]
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Posted inALSO ON OUR RADAR
Algeria’s Sonelgaz to research battery storage systems
Algeria’s state-owned utilities company Sonelgaz has signed an MoU to advance the development of renewable energy battery storage, according to a ministry statement. The agreement was signed with the Centre de Recherche en Technologie des Semi-Conducteurs pour l'Energétique and the Renewable Energy Development Center to develop battery storage systems for renewable energy, and no further […]
Posted inON YOUR WAY OUT
Scientists explore the use of inexpensive clay for carbon capture
Could clay be used for carbon sequestration? A team of scientists is exploring whether clay can be used as an inexpensive way of capturing and storing carbon, Science Daily reports. Led by scientists at Sandia National Laboratories, the researchers are combining computer modeling with laboratory experiments to study how a certain kind of clay can […]
Posted inCALENDAR
FEBRUARY 2023 21-23 February (Tuesday-Thursday): World Environment, Social and Governance (ESG) Summit, Dubai, UAE. 27-28 February (Monday-Tuesday): The Annual Gulf Insurance Forum, Dubai, UAE. MARCH 2023 7-9 March (Tuesday-Thursday: Middle East Energy Exhibition, Dubai World Trade Center, Dubai, UAE. 14-16 March (Tuesday-Thursday): Arab Aviation Summit (AAS), Al Hamra International Exhibition & Conference Centre, Ras al […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Jera wants to explore MENA decarbonization projects with Taqa
Good morning, friends. We’re closing out the week strong with a hefty issue covering some new renewables agreements and earnings reports from key regional players. Let’s roll. THE BIG CLIMATE STORY- Japanese power generation company Jera has inked an agreement with Taqa to jointly explore the feasibility of decarbonization projects in MENA, while UAE-headquartered Brooge […]
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Posted inRENEWABLES
Jera wants to partner with Taqa on decarbonization projects
Japan’s Jera, UAE’s Taqa to explore renewables development: Japan’s power generation company Jera signed an MoU with Abu Dhabi National Energy Company (Taqa) to jointly explore the feasibility of low-carbon thermal energy, ammonia, and green hydrogen production projects in MENA, according to a company statement. The timeline and financials were not disclosed, nor were the […]
Posted inGREEN HYDROGEN
Siemens and Brooge Energy will partner on green hydrogen production in the UAE
UAE-headquartered Brooge Energy inked an agreement with Siemens Energy to build a solar-powered green hydrogen facility in Abu Dhabi, Wam reports. The timeframe and price tag of the project have not been disclosed. Siemens is keen on boosting MENA’s green hydrogen production capacity: Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker met with Siemens Energy’s […]
Posted inEARNINGS WATCH
Fertiglobe had a good 2022, despite a drop in 4Q bottom line + Tabreed’s 2022 income and revenue rise as it continues regional expansion drive
Fertiglobe reports slimmer 4Q 2022 bottom line, but annual net income and revenue are up: Fertiglobe — a UAE-headquartered urea and ammonia exporter and MENA’s largest producer of nitrogen fertilizers — reported a 48% y-o-y decline in adjusted net income attributable to shareholders in 4Q 2022 to USD 172 mn, according to the company's earnings […]
Posted inGREENTECH CORNER
MENA is making strides in using data to drive work on climate
How MENA is harnessing data to accelerate climate action: The Global Covenant ofMayors for Climate & Energy — a data-driven alliance of some 11.5k cities including 181 MENA cities — announced last week that signatory cities can apply to a newly-launched knowledge exchange program by 8 March. The program will provide 20 member cities with […]