Latest news with #ONEIC
Observer
12-08-2025
- Business
- Observer
How long-duration energy storage is powering a renewable future
As the world races to install more renewable energy, one question lingers in the background: what happens when the sun isn't shining or the wind isn't blowing? In 2024, global renewable capacity additions hit a record 740 gigawatts, with solar power leading the charge. But while generation is booming, energy systems are still grappling with how to store that power reliably—and at scale. The answer, increasingly, lies in long-duration energy storage (LDES) technologies that go far beyond lithium-ion. From molten salt to compressed air to next-gen thermal systems, LDES is reshaping the way we think about renewable power. These systems aren't just topping up the grid for a few hours; they're designed to store clean energy for 10, 20, or even 100 hours, stabilising supply through nights, storms, and seasonal changes. One of the most promising examples is Exowatt's P3 system—a compact modular unit that captures solar heat and stores it thermally for round-the-clock power delivery. Designed with high-consumption clients like data centers and industrial zones in mind, P3 can deliver dispatchable renewable energy for up to 24 hours, with zero combustion and minimal land use. Other solutions, like Quidnet's Geomechanical Pumped Storage, store pressure underground and return it as electricity months later—acting like a natural battery embedded in rock. While still in early deployment, these technologies are beginning to show that the renewable future isn't just about production—but predictable availability. In Oman, where sunlight is abundant and energy demand peaks during hot evenings, long-duration storage is emerging as a natural extension of the country's clean energy ambitions. Alongside its expanding portfolio of solar and green hydrogen projects, Oman is preparing for its first utility-scale storage initiatives. Local firms like ONEIC and Takhzeen are advancing innovative technologies, including CO2-based energy storage, to enhance grid flexibility and accelerate decarbonisation. These early moves suggest that Oman is beginning to align renewable generation with the systems needed to deliver it—reliably, efficiently, and around the clock. Long-duration storage also offers strong potential synergy with Oman's emerging hydrogen economy. Excess solar power can be stored—or diverted into hydrogen production—during low-demand periods, creating a feedback loop between power and fuel that supports both resilience and export potential. Globally, investment in LDES is expected to surpass $50 billion by 2030, and pilot programs are already showing cost competitiveness, especially as lithium-ion supply chains face pressure. As systems mature and deployment grows, these technologies could redefine energy security—not just as a matter of fuel supply, but as a function of time. The sun doesn't always shine. But with long-duration energy storage, the power it provides doesn't have to set with it.
Zawya
03-07-2025
- Automotive
- Zawya
Oman, Belarus MoUs to boost cooperation in auto, digital sectors
Muscat – Oman and Belarus signed three memoranda of understanding in Muscat on Wednesday aimed at advancing cooperation and technology transfer in the fields of automotive manufacturing and smart technologies. The first agreement, between Karwa Motors and Belarusian mechanical engineering firm Amkodor, outlines a framework for industrial and commercial collaboration. A second agreement between Karwa Motors and Belarusian vehicle manufacturer MAZ will focus on manufacturing and distributing transport and specialised vehicles, including trailers. The MoU also provides for joint marketing efforts, establishment of a production line at Karwa's Duqm plant, technical knowledge transfer, training programmes and support to build national capabilities. These agreements were signed by Ibrahim bin Ali al Balushi, CEO of Karwa Motors, Aleksey Zanduk, Deputy General Manager of Marketing at Amkodor, and Alexander Atroshchik, Deputy Commercial Director at MAZ. The third MoU was signed between Oman National Engineering and Investment Company (ONEIC) and Belarusian firm Delivery Software. It focuses on bringing advanced digital solutions to Oman and the wider region. Areas of cooperation include ICT development, AI applications, financial technologies, and automation services to improve operational efficiency and drive digital transformation. The MoU was signed by Aziz al Hasani, General Manager of IT and E-Business at ONEIC, and Andrey Sudakov, CEO of Delivery Software. The agreements were signed under the framework of the Omani-Belarusian Joint Committee, which aims to deepen strategic partnerships between companies from the two nations. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
14-05-2025
- Business
- Zawya
Mazoon Mining secures $270mln financing for Yanqul copper project
MUSCAT: Mazoon Mining Company, a subsidiary of Oman Minerals Development Company, has signed a series of construction and service agreements with local contractors to kick off the Yanqul Copper Concentrate Production Project in Al Dhahirah Governorate. The contracts were signed during the 'Rawabet' Forum, organised by the Oman Investment Authority (OIA) for its affiliated companies. The agreements include a transportation and logistics contract with Asyad Group, the national logistics provider; a contract for electricity grid and transformer station works with Oman National Engineering and Investment Company (ONEIC); and a site preparation contract with Strapec Oman. These partnerships are expected to play a pivotal role in moving the project into the implementation phase. In a major financial breakthrough, Mazoon Mining announced it had secured RO 104 million (approximately $270 million) in funding from a consortium of local and regional banks. The financing institutions include Bank Sohar Islamic, National Bank of Oman, Qatar National Bank, Bank Nizwa, Ahli Bank, and Ahli Bank Islamic. According to company officials, the offering was more than twice oversubscribed, reflecting strong investor confidence in the project's commercial and strategic potential. Engineer Matar bin Salem al Badi, CEO of Minerals Development Oman, described the financing as a strategic milestone that will cover around 60 per cent of the total project value. He noted that the signing of the construction and service contracts ensures that the project remains on track for timely execution. The Yanqul project has undergone several preparatory stages, including the assignment of engineering, procurement, and construction supervision responsibilities to Canadian firm Lycopodium. In addition, contracts have been signed with Metso, a leading global supplier of processing equipment, for the main components of the copper concentrate plant. Designed with sustainability at its core, the project will adopt a zero-water discharge system and employ advanced waste management technologies to minimize environmental impact. Beyond its technical and environmental features, the project is expected to deliver substantial socio-economic benefits by creating employment opportunities, supporting small and medium enterprises, and stimulating local economic activity in the Al Dhahirah region. Covering an area of 20 square kilometers, the Yanqul Copper Concentrate Production Project aims to produce approximately 115,000 tonnes of copper concentrate annually with a purity of up to 21.5 per cent. The output is based on proven copper ore reserves estimated at 22.9 million tonnes, making it one of the most significant developments in Oman's mining sector.
Trade Arabia
29-03-2025
- Business
- Trade Arabia
Oman National Engineering lands 220kV grid station contract
Oman National Engineering & investment Company (ONEIC) has announced that it has secured a major contract for the construction of Mahadha Grid Station in the sultanate. The contract, worth RO13.4 million ($35 million), was awarded by Oman Electricity Transmission Company. Project scope includes construction of a 220kV grid station on an engineering, procurement and construction (EPC) basis within a 18-month period, said the Oman National Engineering & investment Company in a statement. These project are part of several significant strong projects which has been awarded to the company in an innovative manner. The company has achieved successes and technical leaps in building expertise in the field of engineering specialisation, it added. - TradeArabia News Service
Zawya
19-03-2025
- Business
- Zawya
Oman National Engineering lands 220kV grid station contract
Oman National Engineering & investment Company (ONEIC) has announced that it has secured a major contract for the construction of Mahadha Grid Station in the sultanate. The contract, worth RO13.4 million ($35 million), was awarded by Oman Electricity Transmission Company. Project scope includes construction of a 220kV grid station on an engineering, procurement and construction (EPC) basis within a 18-month period, said the Oman National Engineering & investment Company in a statement. These project are part of several significant strong projects which has been awarded to the company in an innovative manner. The company has achieved successes and technical leaps in building expertise in the field of engineering specialisation, it added. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
