ACWA Power has signed several new agreements with American companies. These were signed during the Saudi–US Investment Forum in Riyadh. The total value of the new agreements is USD 500 million.
The new deals expand ACWA Power’s existing partnerships with US firms, which now exceed USD 6 billion. The agreements support various energy projects and technology development in Saudi Arabia.
One agreement focuses on solar energy. ACWA Power will work with US partners to use advanced tracker systems for solar panels. These systems help improve energy production and may also boost local manufacturing in Saudi Arabia.
In another agreement, ACWA Power is partnering with GE Vernova. This work will focus on improving gas turbine projects. The two sides will also work on updates for power transmission and distribution systems.
A separate deal was signed with Baker Hughes. This partnership will focus on hydrogen. The work includes testing new electrolysis methods and exploring local production options in Saudi Arabia.
KBR will support ACWA Power on large-scale energy projects. KBR will bring engineering and project management expertise. Their ammonia technology will also be used in new developments.
Energy Recovery has agreed to partner with ACWA Power for research on seawater desalination. This research will look at ways to reduce energy use in desalination plants. The focus will be on pressure exchanger (PX) technology.
In addition to these new agreements, ACWA Power has ongoing projects with several US-based companies. These include EIG and Air Products in investment, and DuPont and Nextracker in technology. The Power mogul also works with American universities, including Yale, MIT, and UCLA. These partnerships focus on research and development in clean energy technologies.
