Acwa, a leader in energy transition, has concluded Innovation Days 2026 at The Garage in Riyadh - a three-day platform that convened government entities, research institutions, global technology leaders, and investors - by announcing the signing of 27 strategic partnerships and the launch of Innovation Days in Shanghai.
Acwa, a leader in energy transition, has been awarded the King Khalid Sustainability Award, receiving special recognition for achieving the highest rating in the social criterion. This accolade followed a multi-month evaluation process, including a comprehensive audit of company data and sustainability reports from the previous year.
Saudi utility giant Acwa has announced that its consortium with Water Transmission Company (WTCO) has been signed up by Syrian government to conduct preliminary studies for seawater desalination projects with a combined capacity of 1.2 million cu m per day along with related water transmission infrastructure.
ACWA has signed a memorandum of cooperation with Mongolia’s Sun Steppe Power to explore a 4.5GW renewable energy project in Mongolia, supported by a 500MWh battery storage system, to facilitate cross-border electricity exports to China and other mutually agreed markets.
Elsewedy Electric said its joint venture with Sinohydro, a leading global contractor, has won a major contract from Al Mourjan Two for Electricity Company, to provide EPC services for the Rabigh 2 Independent Power Plant (IPP) Expansion Project, a gas-fired combined-cycle development with a total value of $2.2 billion.
Topsoe has been selected as ammonia technology licensor for ACWA’s Yanbu Green Hydrogen project in Saudi Arabia. Its technology will convert green hydrogen into ammonia and includes engineering, proprietary equipment, and catalysts for FEED contractors Sinopec and Técnicas Reunidas.
