Saudi Arabia-based ACWA Power announced the opening of its first overseas innovation centre in Pudong New Area, Shanghai.
The state-of-the-art facility will focus on developing and deploying innovative solutions in five key areas: photovoltaics, wind, energy storage, green hydrogen, and seawater desalination.
ACWA Power’s Shanghai milestone
With an investment of $2.8 million (RMB 20 million) in the first phase, the innovation centre includes an R&D centre and a green energy laboratory.
ACWA Power also signed a Memoranda of Understanding (MOU) with two key partners, Gulf Renewables Laboratory (GRL) and Shanghai Jiao Tong University (SJTU), during the opening ceremony.
The agreements will equip the Centre with the talent and technical expertise to nurture groundbreaking projects and tackle industry challenges.
Saleh Khabti, President of China, ACWA Power, said the launch of the innovation centre in Shanghai is a testament to the company’s commitment to global collaboration and technological advancement.
“Through partnerships with leading organisations, we aim to accelerate the development and deployment of sustainable energy and water solutions, not just in China, but across our global network,” Khabti said.
The Centre aims to foster a dynamic ecosystem, bringing together government entities, state-owned enterprises, startups, OEMs, universities, research institutions, and certification authorities.
The collaborative approach will drive innovation throughout the entire project lifecycle, from research to real-world application, the company said.
The Centre will serve as a platform for collaboration with Chinese partners, building a vibrant innovation ecosystem in the Pudong New Area.
The innovation centre is expected to contribute significantly to both Saudi Arabia and China’s environmental goals, supporting the transition to a greener economy and fostering a collaborative environment for growth.
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