Saudi Energy has signed three strategic agreements at LEAP 2026 with HUMAIN, center3 and Huawei to strengthen energy and digital infrastructure for Saudi Arabia’s expanding AI and data centre sector, supporting future capacity, investment and technological growth.
Saudi Energy has strengthened its sustainability performance, scoring 68 in the 2026 S&P Global Sustainability Assessment, a 5 per cent increase from 65 last year.
Saudi Energy has signed a cooperation agreement with French public investment bank Bpifrance to support financing for projects aimed at developing and expanding Saudi Arabia’s power grid.
Saudi Energy Company has signed three Storage Services Agreements with the Saudi Power Procurement Company (SPPC) for the development of battery energy storage projects with a combined capacity of 1,500MW/6,000MWh across Saudi Arabia.
Saudi Energy (formerly the Saudi Electricity Company) has announced the signing of an agreement to deliver electricity supplies to the Expo 2030 Riyadh site, thus marking a key step in the project's continued progress as it moves into the development phase toward hosting the gala World Expo event.
Saudi Energy has secured a shariah-compliant Murabaha financing facility with a total committed amount of SAR15.8 billion ($4 billion) from a consortium of seven leading Saudi banks to support its general corporate purposes.
Saudi Energy (formerly Saudi Electricity Company) said it has commissioned the world’s largest grid-side grid-forming Battery Energy Storage System (BESS) project with a total installed capacity of 2.5GW, utilising BYD’s advanced energy storage technology across five strategic locations in Saudi Arabia.
Saudi Energy Company reported Q1 2026 results with operating revenue rising 9.4 per cent, while improved efficiency boosted net profit by 89.3 per cent to SAR1.8 billion ($480 million), reflecting strong financial performance and operational gains.
Danway, a leading engineering firm in Saudi Arabia has signed a contract with National Grid, a key subsidiary of Saudi Energy, for the construction of a new 110/13.8kV substation in Madinah. The entire project work will be completed within a period of 23 months.
Saudi Energy and Kraken signed agreements to form a Riyadh-based joint venture, accelerating digital transformation across energy and utilities in Mena, leveraging Kraken’s AI-powered operating system for utilities.
