{"id":87048,"date":"2024-10-01T00:00:00","date_gmt":"2024-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/10\/01\/moaj-holding-will-invest-usd-30-mn-to-use-medisuns-water-tech-in-saudi\/"},"modified":"2024-10-01T00:00:00","modified_gmt":"2024-10-01T00:00:00","slug":"moaj-holding-will-invest-usd-30-mn-to-use-medisuns-water-tech-in-saudi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/10\/01\/moaj-holding-will-invest-usd-30-mn-to-use-medisuns-water-tech-in-saudi\/","title":{"rendered":"Moaj Holding will invest USD 30 mn to use MediSun\u2019s water tech in Saudi"},"content":{"rendered":"

<\/strong>Moaj <\/strong>+ MediSun Energy to address water scarcity in Saudi:<\/strong> Saudi Arabia\u2019s investment company Moaj Holding has formed a JV with Singapore-based renewable energy company MediSun Energy<\/a> and will invest USD 30 mn to establish a manufacturing facility for MediSun\u2019s WEGen technology in Saudi, according to a statement<\/a>. Under the agreement, Moaj will co-develop a Saudi Brine Management Program with MediSun Energy and become MediSun\u2019s exclusive distributor in the GCC.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

About the tech:<\/strong> MediSun's WEGen technology<\/a> uses Reverse Electrodialysis (RED) to convert saltwater into electricity which enhances energy efficiency and reduces energy consumption by 30%, according to the statement. The technology also incorporates carbon capture, utilization, and storage and zero brine production, contributing to net-zero carbon emissions.<\/p>\n

About the program:<\/strong> Details are scant, but the JV will work with a leading academic institution known for its desalination research to develop advanced treatment technologies to tackle the environmental challenges of desalination brine.<\/p>\n

MediSun is expanding in the region:<\/strong> The company signed an MoU<\/a> with Engineering contractor Emirates Electrical & Instrumentation Company (EEIC) to distribute its WEGen technology in the UAE last month.<\/p>\n

About Moaj:<\/strong> Based in Saudi Arabia, Moaj Holding is an investment firm that invests in energy, technology, and infrastructure focusing on sustainable development, according to the statement. <\/p>\n","protected":false},"excerpt":{"rendered":"

Under the agreement, Moaj will co-develop a Saudi Brine Management Program with MediSun Energy and become MediSun\u2019s exclusive distributor in the GCC<\/p>\n","protected":false},"author":1,"featured_media":87049,"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":[152],"tags":[11,151,159,383],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseclimate","tag-investment-watch","tag-saudi-arabia","tag-water-scarcity","wpautop","entry"],"acf":{"mongo_id":"817762da-c732-46e1-a1d6-2dc4b9a37b77","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/38.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Moaj Holding will invest USD 30 mn to use MediSun\u2019s water tech in Saudi","related_issue":[87041],"teaser":"Under the agreement, Moaj will co-develop a Saudi Brine Management Program with MediSun Energy and become MediSun\u2019s exclusive distributor in the GCC","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.6906240c-6afe-4172-b6e6-0188335b47ec.mp3"},"yoast_head":"\nMoaj Holding will invest USD 30 mn to use MediSun\u2019s water tech in Saudi - 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