{"id":75265,"date":"2022-12-15T02:00:21","date_gmt":"2022-12-15T02:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/12\/15\/neom-is-getting-a-536-mw-energy-storage-system\/"},"modified":"2022-12-15T02:00:21","modified_gmt":"2022-12-15T02:00:21","slug":"neom-is-getting-a-536-mw-energy-storage-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/12\/15\/neom-is-getting-a-536-mw-energy-storage-system\/","title":{"rendered":"Neom is getting a 536 MW energy storage system"},"content":{"rendered":"

<\/a> More details on a China-Arab summit agreement:<\/strong> Sungrow Power Supply<\/a> and Acwa<\/a>Power<\/a> have inked an agreement to build a 536 MW battery storage system in Neom, according to a statement<\/a> released this week. The MoU was one of several signed during the China-Arab Summit<\/a> hosted in KSA last Friday. There are no details regarding the timeline or cost of the project.<\/p>\n

Neom is delivering on its zero-carbon plans: <\/strong>Neom\u2019s water and energy subsidiary Enowa<\/a> signed an MoU last month with the King Abdullah University of Science and Technology and the Saudi Electricity Company to develop a cryogenic carbon capture pilot plant<\/a> that can capture 30 tons of CO2 daily. Neom is also developing \u2014 through a JV with Acwa Power and Air Products<\/a> \u2014 a USD 5 bn green hydrogen project<\/a>. Additionally, Neom invested USD 175<\/a> mn in German electric vertical takeoff and landing vehicle maker Volocopter earlier this month.<\/p>\n

Sungrow has other projects in the region:<\/strong> The Chinese company is supplying<\/a> a battery storage system in KarmSolar\u2019s solar microgrid for a poultry farm in Egypt\u2019s Western Desert, and has nearly 270 GW worth of battery storage systems installed across the globe, according to their website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

More details on a China-Arab summit agreement: Sungrow Power Supply and AcwaPower have inked an agreement to build a 536 MW battery storage system in Neom, according to a statement released this week. The MoU was one of several signed during the China-Arab Summit hosted in KSA last Friday. There are no details regarding the […]<\/p>\n","protected":false},"author":1,"featured_media":75266,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[237],"tags":[184,236,166,1377,11,89,88,159,94,1376,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-battery-storage","tag-acwa-power","tag-battery-storage","tag-bess","tag-chinal","tag-enterpriseclimate","tag-neom","tag-renewables","tag-saudi-arabia","tag-solar","tag-sungrow-power-supply","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"b458ff58-70f0-4809-8e5f-7f4c3369fd1d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/4222.jpg","photo_position":"above","related_issue":[75258],"teaser":"","voice_url":""},"yoast_head":"\nNeom is getting a 536 MW energy storage system - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/15\/neom-is-getting-a-536-mw-energy-storage-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Neom is getting a 536 MW energy storage system\" \/>\n<meta property=\"og:description\" content=\"More details on a China-Arab summit agreement: Sungrow Power Supply and AcwaPower have inked an agreement to build a 536 MW battery storage system in Neom, according to a statement released this week. The MoU was one of several signed during the China-Arab Summit hosted in KSA last Friday. 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