Enowa and KAUST held the Enowa-KAUST Energy Summit 2024, celebrating the third year of their Energy Cortex Program. The Energy Cortex Program funds applied research for clean energy solutions, focusing on renewable energy technologies led by KAUST faculty. The program is structured around Weatherlytics, GenFlex Cortex, Stor Cortex, and Grid Cortex, and has engaged KAUST professors, produced six journal papers, and provided NEOM with data. Why it matters: This partnership aims to revolutionize renewable energy in Saudi Arabia by integrating AI and advanced data analytics to optimize energy generation and distribution, supporting the Kingdom's sustainable energy goals.
KAUST, ENOWA, and SEC are partnering on a pilot project to capture 30 tonnes of CO2 per day from SEC’s Green Duba power plant at NEOM, using cryogenic carbon capture technology. The captured carbon will be used for food and beverage applications and to produce e-fuels. Saudi Electricity Company will build and operate the pilot plant. Why it matters: This partnership demonstrates Saudi Arabia's commitment to decarbonization and showcases the potential of cryogenic carbon capture for reducing the Kingdom's carbon footprint.
KAUST, NEOM’s Education, Research, and Innovation Foundation (ERIF), and ENOWA have formed a partnership to support Saudi Arabia’s hydrogen economy. ERIF has sponsored three strategic projects under its Hydrogen and e-Fuels Applied Research Institute (HEFARI) with KAUST researchers focusing on developing hydrogen as a renewable energy vector. The projects cover carbon-neutral fuels, cost-effective electrolyzer technologies, and lowering emissions from green ammonia. Why it matters: This collaboration aims to establish Saudi Arabia as a leader in green hydrogen technologies and sustainable fuel production, aligning with the Kingdom's decarbonization goals.
Saudi Arabian generative AI startup Newera.ai has raised $2.1 million in a pre-seed funding round led by Khwarizmi Ventures. Participants also included angel investors and strategic firms. The company plans to use the funds to develop their technology and expand their reach in the Saudi market. Why it matters: This funding signals increasing investor interest in local AI startups addressing regional needs within Saudi Arabia.
Abu Dhabi's Advanced Technology Research Council (ATRC) launched VentureOne, a commercialization arm to bring research solutions to market. ATRC also launched three new specialized research centers in Propulsion, Alternative Energy, and Biotechnology. This brings the total number of deep-tech research entities within ATRC to 10. Why it matters: This expansion signals a major investment in Abu Dhabi's advanced technology ecosystem, aiming to translate research into commercial products and attract global expertise.