saudi arabia

February 28, 2022
A consortium of developers has achieved financial close for US$1.3bn in debt facilities for the Red Sea project, a huge resort under construction off the coast of Saudi Arabia which plans to have the largest off-grid battery energy storage system at 1,200-1,300MWh.
October 19, 2021
Huawei Digital Power has said it will supply battery energy storage system (BESS) technology to what is thought to be the world’s largest off-grid energy storage project to date. 
June 10, 2021
This edition of our news in brief from around the world focuses on novel technologies promising several hours or more of competitively-priced energy storage.
November 19, 2020
A tourism development in Saudi Arabia which will have its own international airport and hopes to attract over a million visitors each year will be 100% powered by renewable energy, with the help of a 1,000MWh battery storage facility.
May 12, 2020
Construction looks set to begin this year on a factory building flow batteries, as a joint venture (JV) formed by German tech company Schmid Group and Saudi Arabian investment company Nusaned closed the transaction to seal its partnership.
May 15, 2019
Schmid and Saudi companies are also planning a gigawatt-scale manufacturing facility for Vanadium Redox Flow Batteries.
October 1, 2018
Charges of fraud levelled at Elon Musk after the Tesla CEO recently tweeted his desire to take the company into private ownership have resulted in a settlement with the US Securities and Exchange Commission (SEC) and an agreement that Musk will step down in his other role as chairman of the company’s board.
October 25, 2017
Private equity fund SoftBank Vision Fund has officially signed off on a Memorandum of Understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.

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