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KSA inaugurates world’s largest microgrid battery storage facility: Chinese tech firm Huawei launches the first phase of a renewables-powered 1.3k MWh battery energy storage system (BESS) facility in Saudi Arabia’s Red Sea Project (RSP), according to a company statement. The first phase sees 400 MWh of battery storage capacity come online, with no further details […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Harnessing solar power in space
Can we harvest solar energy from space? Caltech launched a prototype solar power satellite into orbit — the Caltech Space Solar Power Demonstrator (SSPD) — earlier this month which will test and send back information on the feasibility of harvesting solar power in space, transferring the energy back to our pale blue dot. The satellite […]
Posted inCALENDAR
JANUARY 2023 14-21 January (Saturday-Saturday): Abu Dhabi Sustainability Week, Abu Dhabi, UAE. 16-18 January (Monday-Wednesday): EcoWASTE, Abu Dhabi National Exhibition Center, UAE. 16-18 January (Monday-Wednesday): World Future Energy Summit, Abu Dhabi National Exhibition Center (ADNEC), UAE. 22-24 January (Sunday-Tuesday): Energy & Sustainability Forum, Manama, Bahrain. January 2023: Bid submission deadline for green hydrogen projects to […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Saudi Arabia’s Maaden makes a splash at the Future Minerals Forum in Riyadh
Good morning, wonderful people, and welcome to the tail-end of what felt like the first real work week of 2023. THE BIG REGIONAL CLIMATE STORY? Saudi Arabia’s mining industry and massive potential is in the spotlight, with the country’s mining player Maaden signing a number of key agreements at the Future Minerals Forum yesterday. The […]
Posted inUncategorized
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Posted inMINERALS
Saudi doubles down on its mining ambitions at Future Minerals Forum
Over in Riyadh, it’s mining, mining, mining: A host of announcements have come out of Saudi Arabia’s Future Minerals Forum, which kicked off in Riyadh on Tuesday and runs through today. Saudi mining company Ma'aden was in the spotlight, announcing multiple joint ventures to spur mining exploration both at home and abroad. Energy Minister Prince […]
Posted inSOLAR
The UK’s Hive Energy wants to invest USD 4 bn in Turkish solar energy projects
UK-based Hive Energy is looking to invest USD 4 bn to develop solar farms generating a combined 4 GW of power in Turkey, according to Turkish news agency Anadolu. The company submitted requests to Turkey’s Energy Market Regulatory Authority (EMRA) to construct 30 solar plants that would range between 11 MW to 230 MW in […]
Posted inDEBT WATCH
Israel takes maiden USD 2 bn green bond issuance to market
Israel sold USD 2 bn of 10-year green bonds, marking the country’s maiden green bond issuance, Reuters reports, citing a Finance Ministry statement. The bonds were reportedly 6x oversubscribed, with USD 12 bn in demand from about 200 buyers in 35 different nations including the UAE. The bonds were sold at a 95 bps premium […]
Posted inUncategorized
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Posted inGREEN TECH
Germany’s Stellantis and US firm Archer work on new eVTOL
Germany and the US join forces on new eVTOL: German auto manufacturer Stellantis and US-based aircraft maker Archer are partnering up to manufacture a new electric vertical take-off and landing aircraft (eVTOL) by 2024, according to a company statement. Stellantis will provide USD 150 mn in equity funding to bolster Archer’s production capacity to be […]