Saudi Arabia’s Altaaqa announced in a statement that it has signed a Memorandum of Understanding (MoU) with AFC Energy, UK to develop zero-emission, hydrogen power generation solutions in Saudi Arabia and the wider Middle East.
As per the statement, the MOU will bring together the two companies’ extensive experience to support the transition of the region’s power generation industry to zero emission solutions using AFC Energy’s hydrogen fuel cell technology.
Altaaqa is a Zahid Group company that has two decades of experience in generating turnkey power and water solutions in the Kingdom of Saudi Arabia and globally. Altaaqa owns and operates one of the world’s largest mobile power modules rental fleets, with a total capacity of 2 gigawatts (GW). The company provides temporary and off-grid power solutions to oil & gas, power utilities, mining, military, manufacturing, data centers, construction and government services sectors.
AFC Energy is a UK based company that delivers scalable alkaline fuel cell systems in order to provide clean electricity for on and off grid applications. The technology is already being deployed in electric vehicle chargers and for off-grid decentralised power systems as part of a portfolio approach to the decarbonisation of electricity needs.
The MoU forms the basis of a long term-partnership which will cover the region, with the aim of gaining market leadership for reliable and safe, “hydrogen-to-power” solutions for various industry segments and applications.
The signing ceremony also provided an opportunity to highlight the beneficial role that sport can play in highlighting the global climate emergency.
The agreement was signed at Extreme E’s inaugural X Prix – the Desert X Prix – held in AlUla, Saudi Arabia. Extreme E has been designed to highlight the most important climate issues of our generation and to showcase technologies that can accelerate global decarbonisation efforts, statement said.
