Leading French multinational electric utility company EDF signed a strategic agreement with a unit of Saudi-based TAQA Group for collaboration on geothermal energy technologies.
The areas of collaboration include power generation and HVAC applications as well as compressed air energy storage in the Kingdom.
Omar Aldaweesh, CEO of EDF Saudi Arabia, said the partnership is a natural progression of EDF’s longstanding commitment to Saudi Arabia’s energy sector.
“Over the past decade, we have been actively contributing to the Kingdom’s energy landscape through our expertise in sustainable solutions, and this MoU further strengthens our role in advancing innovative technologies,” he said.
Meshary Al-Ayed, CEO of TAQA Geothermal Energy Company, said the partnership between the two companies in the field of geothermal solutions redefining space cooling will have tremendous positive impacts on efficiency and carbon footprint reduction.
“Geothermal energy utilisation – whether via direct heat use or electricity generation – is a critical and untapped resource to drive the global transition to clean energy, as it is a reliable, renewable baseload resource,” he said.
The collaboration sets the stage for pioneering geothermal energy solutions in Saudi Arabia, paving the way for cleaner and more efficient power and cooling technologies.
By leveraging their combined expertise, TAQA Geothermal and EDF aim to unlock the full potential of geothermal resources, reinforcing the Kingdom’s leadership in renewable energy innovation.
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