The acquisition is expected to strengthen GULFNAV’s market position and boost its operational efficiency and competitive edge
energy storage
Latest in energy storage
circular economy
Climate tech startups set to drive the next wave of unicorns
The unicorn status of climate-tech firms is less a speculative bubble and more a reflection of an evolving market reality, but investors and founders must be prepared for a longer runway to success
Abu Dhabi
EWEC to develop 400MW Battery Energy Storage System in Abu Dhabi
27 companies and consortiums qualified for the Request for Proposals stage after 93 submitted Expression of Interest
clean energy
UAE energy startups secure over AED 110 mn in funding during H1 2024
The total number of startup companies operating in the energy sector in the UAE reached about 54 by the end of 2023
electric vehicle
Revealed: Statevolt Emirates’ $3.2bn gigafactory to trigger massive real estate demand, job creation in RAK
The California-headquartered company’s move to play a key role in strengthening the UAE’s positioning as a leader in sustainability and green transition
clean energy
Mobility company NWTN and partners exhibit clean energy technologies at COP28
As part of the exhibit, the augmented reality interactive experience includes the Rabdan MUSE, NWTN’s flagship smart passenger vehicle
Abu Dhabi
Masdar acquires Arlington Energy to increase its foothold in UK and Europe
The Abu Dhabi renewable energy giant aiming for a major chunk of the estimated 200GW storage capacity requirement in Europe by 2030
Abdul Latif Jameel Co
Saudi-backed renewable energy developer kicks off construction of massive battery storage facility in the UK
The site will be located in Essex, and will have a total power of 99 megawatts
energy storage
Video: The future of energy storage beyond lithium ion
Over the past decade, prices for solar panels and wind farms have reached all-time lows.
Abu Dhabi Investment Authority
ADIA-backed Greenko raises $950m in green bonds
Abu Dhabi Investment Authority owns 15 percent of the company
energy storage
Sri Lanka starts work on Oman-backed $3.85bn refinery near strategic port
Prime Minister Ranil Wickremesinghe said Hambantota, a district in Sri Lanka’s south which lies on one of the world’s busiest shipping lanes, would become a global investment hub with the addition of the oil refinery and storage complex
energy storage
Oman denies involvement in $3.85bn Sri Lankan refinery
Sri Lankan officials earlier this week told reporters that Oman was to take a 30% stake in a 200,000 bpd facility
Colombo
Indian-Omani JV to build $3.85bn Sri Lankan oil refinery
Oman will fund 30% of the new oil project while Singapore-based Silver Park International will finance the rest
clean energy
Video: Green tech: from the North Sea to Arabian Gulf
A smart battery system in Scotland could advance renewable energy-powered electricity grids in the UAE, according to Mohamed Jameel Al Ramahi, CEO of Masdar.