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Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh - ارقام

SPA · Apr 14

Saudi Energy has acquired a stake in UK-based Kraken Technologies, a subsidiary of Octopus Energy Group, specializing in AI-enabled technology for smart grids and energy management. This acquisition includes the establishment of a joint venture headquartered in Riyadh. The partnership aims to localize advanced energy technology within the Kingdom. Why it matters: This strategic collaboration is significant for advancing energy technology and smart grid solutions in Saudi Arabia, aligning with national goals for technological development and energy efficiency under Vision 2030.

UAE hailed as global centre for energy tech transformation - Health and Safety International

WAM · Nov 5

A report by Health and Safety International has highlighted the United Arab Emirates as a global centre for energy technology transformation. The title indicates a focus on the country's strategic role in advancing energy technologies. Specific details regarding AI initiatives or projects within this transformation are not provided in the article's title. Why it matters: This recognition underscores the UAE's broader commitment to technological advancement and sustainable development in the energy sector, likely encompassing the application of artificial intelligence for efficiency and innovation.

Pillars of the future

KAUST · Jun 5

MIT Professor Ahmed F. Ghoniem delivered a keynote at KAUST's Spring Enrichment Program discussing clean energy solutions for future cities. He emphasized a portfolio approach including electrochemical, solar thermochemical, and plasma technologies for renewable energy storage. Ghoniem highlighted the economic opportunities arising from clean energy technology deployment, R&D, and job creation. Why it matters: The focus on renewable energy and storage aligns with Saudi Arabia's Vision 2030 goals for sustainable urban development and diversification of the energy sector.