Latest news with #waterdesalination
Zawya
07-07-2025
- Business
- Zawya
ACWA Power to boost project share to $2.5bln annually
Saudi-listed power and water projects giant ACWA Power is planning to expand its contribution to projects in the next years to up to $2.5 billion annually following its decision to raise capital by 7.1 billion Saudi riyals ($1.9 billion) through rights issue, an executive has said. The recent Board decision to expand capital is also designed to support a long-term growth strategy which targets tripling its assets under management to nearly $250 billion by 2030, said Abdul Hamid Al-Muhaidib, ACWA Power's CFO. 'That decision also aims to strengthen our financial position to support the expected expansion in our investments, especially in high growth sectors like renewable energy, water desalination and green hydrogen,' he told the Saudi daily Aliqtisadia. 'With these expansions, we expect our contribution to new projects to increase to $2-2.5 billion annually during 2024-2030 compared with $1.3 billion in previous years.' Al-Muhaidib said key markets include Saudi Arabia besides southeast Asia and China, adding that ACWA Power aims to surpass 175 gigawatts (GW) production in its energy projects. 'As for green hydrogen, we expect our production to reach one million tonnes when the projects under way are completed by 2030…we also expect an additional one million tonnes from new projects during this period,' he said. In June 2025, Zawya Projects had reported that the company intends to spend 53 to 60 percent of the proceeds from its rights issue on projects in the Middle East and North Africa (MENA) region. (Writing by Nadim Kawach; Editing by Anoop Menon)
Sustainability Times
27-06-2025
- Business
- Sustainability Times
'China in Total Shock': US Unveils Nuclear Reactor Capable of Powering 400,000 Homes and Producing Green Hydrogen
IN A NUTSHELL 💡 NuScale Power Corporation is expanding its SMR technology to address water desalination and clean hydrogen production. is expanding its SMR technology to address water desalination and clean hydrogen production. 🌊 The integrated system can produce 150 million gallons of clean water daily while generating carbon-free electricity for 400,000 homes. of clean water daily while generating carbon-free electricity for 400,000 homes. 🔬 Collaboration with PNNL has led to innovative methods for using brine as feedstock in clean hydrogen production, reducing energy use. has led to innovative methods for using brine as feedstock in clean hydrogen production, reducing energy use. 🌍 As the only SMR design certified by the U.S. Nuclear Regulatory Commission, NuScale is poised for global impact in diverse industries. NuScale Power Corporation is poised to revolutionize the way we think about energy and resource management. By leveraging its innovative small modular reactor (SMR) technology, NuScale is expanding its reach beyond traditional electricity production. Their integrated energy system aims to tackle critical global challenges such as water scarcity and clean hydrogen production, marking a significant departure from conventional energy solutions. This ambitious approach not only promises carbon-free power generation but also introduces sustainable methods for water desalination and hydrogen production. As we delve further into NuScale's groundbreaking initiatives, we'll explore how these advancements could reshape our energy landscape. Revolutionizing Water Desalination and Energy Production NuScale's integrated energy system is a pioneering solution that combines small modular reactors with reverse osmosis desalination facilities. This innovative approach is designed to produce approximately 150 million gallons of clean water daily, all while maintaining a carbon-free footprint. The system's ability to desalinate water and generate electricity simultaneously presents a dual solution to energy and water challenges. According to NuScale, a dozen of their NPMs (NuScale Power Modules) could supply desalinated water to a city of 2.3 million residents while also providing electricity to 400,000 homes. This capability highlights the system's potential in urban and industrial settings, offering a sustainable alternative to traditional energy and water management practices. By integrating these processes, NuScale is setting a precedent for future advancements in the field of energy-efficient resource management. 'Bury Them Deep': Nuclear Reactors Planted One Kilometer Underground Could Deliver Cheap and Ultra-Safe Energy for Decades Utilizing Brine for Clean Hydrogen Production A major challenge in water desalination is managing the brine byproduct. NuScale's system tackles this issue by converting brine into an industrial feedstock for clean hydrogen production. In collaboration with the Department of Energy's Pacific Northwest National Laboratory (PNNL), NuScale has developed a hydro-thermal chemical decomposition method that avoids conventional electrolysis, thereby reducing energy and water consumption. This breakthrough offers a novel approach to hydrogen production, which is increasingly in demand due to its potential as a clean energy source. By using desalination byproducts, NuScale's method not only addresses environmental concerns but also supports global efforts to increase hydrogen supply. The integration of this technology underscores the company's commitment to sustainable innovation and its potential impact on global energy and water resources. 'Space Needs Nuclear Now': This New Global Race to Harness Atomic Power Beyond Earth Is Accelerating Faster Than Expected Advanced Simulation Capabilities for Future Applications To optimize their integrated energy system, NuScale has developed an advanced simulator at their headquarters. Partnering with GSE Solutions and Fuel Cell Energy, the simulator models various configurations for hydrogen production, storage, and power generation. This tool allows NuScale to evaluate and optimize system performance for industrial applications requiring over 200 tons of hydrogen daily. The simulator's capabilities are crucial for testing and refining the system's operation, ensuring its effectiveness in real-world scenarios. By demonstrating the versatility and efficiency of their SMR technology, NuScale is paving the way for broader adoption across diverse industries. This development illustrates the company's proactive approach to addressing both current and future energy challenges with cutting-edge technology. 'Germany Goes Fusion-First': Company Pushes Bold Plan to Build World's First Operational Nuclear Fusion Power Plant Positioned for Global Impact NuScale's achievements are underscored by their status as the first and only SMR design certified by the U.S. Nuclear Regulatory Commission. This certification positions NuScale as a leader in nuclear innovation, capable of catering to a wide array of global energy needs. Their technology is poised to support applications in electrical generation, data centers, district heating, desalination, and commercial-scale hydrogen production. As NuScale continues to expand its reach, its integrated energy system promises to deliver sustainable, carbon-free solutions to pressing environmental and resource challenges. By addressing water scarcity, brine remediation, and hydrogen production, NuScale is not only advancing nuclear technology but also contributing to a more sustainable and resilient future. The company's efforts exemplify the potential of innovation to transform industries and improve the quality of life worldwide. NuScale's approach to integrated energy and resource management is a testament to the power of innovation in addressing global challenges. As the company continues to develop and refine its technology, the potential impact on energy and water resource management is immense. With such promising advancements, one must wonder: How will other industries adapt to and integrate these groundbreaking solutions in the coming years? Our author used artificial intelligence to enhance this article. Did you like it? 4.7/5 (28)
Trade Arabia
02-06-2025
- Business
- Trade Arabia
ACWA Power enters potential $10bn investment deals in Malaysia
ACWA Power, the world's largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of memorandum of understanding (MoU) and strategic partnership agreements (SPA) with key Malaysian entities during the ASEAN-GCC Summit in Kuala Lumpur, Malaysia. These partnerships create a powerful synergy between Malaysia's innovative ecosystem and Saudi Arabia's energy transition expertise, supporting decarbonisation efforts, and establishing a strategic platform for sustainable development across Southeast Asia, said a statement. By unlocking unprecedented opportunities in renewable energy, green hydrogen, and advanced water solutions, these collaborations are fully aligned with Malaysia's National Energy Transition Roadmap (NETR), while contributing to Saudi Vision 2030's objectives for global climate leadership. Marco Arcelli, Chief Executive Officer of ACWA Power, said: "These strategic agreements represent a significant milestone in ACWA Power's expansion in Southeast Asia and reflect our commitment to supporting Malaysia and the broader ASEAN region's energy transition. By combining our global expertise in renewables, water desalination, and green hydrogen with the local knowledge of our Malaysian partners, we are not only accelerating the deployment of clean energy solutions but also fostering technology transfer, job creation, and long-term economic growth and social well-being of the local community. These partnerships are a testament to our shared vision for a sustainable future." ACWA Power has entered into an MoU with the Malaysian Investment Development Authority (MIDA) to explore the development of up to 12.5GW of power generation capacity by 2040, with an initial investment value of up to $10 billion. This collaboration will play a pivotal role in achieving Malaysia's goal of increasing its installed renewable energy capacity to 70% by 2050. Further, ACWA Power has signed SPAs and Heads of Terms (HoTs) for Joint Development Agreements with Tenaga Nasional Berhad (TNB), Terengganu Inc. and UEM Lestra to conduct feasibility studies and jointly develop various energy projects relating to floating solar photovoltaic (FPV), combined cycle-gas turbine (CCGT) and large-scale water desalination to accelerate Malaysia's sustainable energy and water infrastructure development.
Yahoo
31-05-2025
- Business
- Yahoo
ACWA Power gains Malaysian partners for investments of up to $10bn
Saudi Arabia-based energy transition and water desalination company ACWA Power has announced the signing of a memorandum of understanding (MoU) and strategic partnership agreements (SPAs) with major Malaysian entities for investments of up to $10bn. The partnerships, formed during the ASEAN-GCC summit held in Kuala Lumpur, Malaysia on 27 May 2025, aim to leverage the country's ecosystem and Saudi Arabia's expertise in energy transitions while supporting decarbonisation efforts across Southeast Asia. ACWA Power signed an MoU with the Malaysian Investment Development Authority (MIDA) to explore the development of up to 12.5GW of power generation capacity by 2040, involving an initial investment of $10bn. This partnership will help Malaysia raise its installed renewable energy capacity to 70% by 2050. ACWA Power has also signed SPAs, along with heads of terms (HoTs) for joint development agreements, with Tenaga Nasional Berhad (TNB), Terengganu and UEM Lestra. These agreements will facilitate feasibility studies and joint development of projects, including floating solar photovoltaic systems (FPV), combined cycle-gas turbine technology (CCGT) and large-scale water desalination. The collaborations unlock opportunities across renewable energy, green hydrogen production and advanced water solutions, aligning with Malaysia's National Energy Transition Roadmap (NETR). They will also contribute towards achieving objectives set out by Saudi Vision 2030 for global climate leadership. ACWA Power CEO Marco Arcelli stated: 'These strategic agreements represent a significant milestone in ACWA Power's expansion in Southeast Asia and reflect our commitment to supporting Malaysia and the broader ASEAN region's energy transition. 'By combining our global expertise in renewables, water desalination, and green hydrogen with the local knowledge of our Malaysian partners, we are not only accelerating the deployment of clean energy solutions but also fostering technology transfer, job creation and long-term economic growth and social well-being of the local community.' In February 2025, ACWA Power entered a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2GW wind project in Egypt. "ACWA Power gains Malaysian partners for investments of up to $10bn" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Asharq Al-Awsat
29-05-2025
- Business
- Asharq Al-Awsat
Saudi Arabia's ACWA Power Signs MoU to Develop Renewables Capacity in Malaysia
Saudi Arabia's ACWA Power said on Thursday it had signed a preliminary agreement to develop up to 12.5 gigawatts of renewable energy generating capacity in Malaysia with an initial investment of up to $10 billion. The renewable energy utility said in a statement it agreed a memorandum of understanding with the Malaysian Investment Development Authority to explore developing the capacity by 2040. Malaysia wants renewable energy to make up 70% of its power mix by 2050. ACWA Power said it also signed strategic partnership agreements with several Malaysian companies for possible energy projects, including for large-scale water desalination. "These strategic agreements represent a significant milestone in ACWA Power's expansion in Southeast Asia and reflect our commitment to supporting Malaysia and the broader ASEAN region's energy transition," ACWA Power CEO Marco Arcelli said in the statement.
