Acwa Power and KACST Forge Alliance for Pioneering Clean Energy and Water Research Center

Acwa Power and KACST Forge Alliance for Pioneering Clean Energy and Water Research Center

By Staff Writer 29 January 2024

Acwa Power, a prominent Saudi firm specializing in power and desalination projects, has entered into a partnership with King Abdulaziz City for Science and Technology (KACST) to establish a cutting-edge research center focused on clean energy and water desalination technologies.

The collaboration will result in the creation of the 'Clean Energy and Water Desalination Technologies Development Center' situated within the KACST campus.

According to a statement from KACST, the primary objective of the new center is to conduct comprehensive studies and scientific research in critical areas related to clean energy and water.

The center will concentrate on the development of solar energy technologies, the creation of devices for photovoltaic power plants designed for extreme climatic conditions, and the advancement of energy storage technologies to support future energy networks.

Additionally, it will explore innovative technologies and materials for desalination membranes, with a focus on reducing costs and emissions associated with desalination processes.

The center plans to leverage artificial intelligence and advanced digital technologies to facilitate research and achieve its goals, emphasizing the use of these cutting-edge tools to enhance the efficiency of desalination processes.

By positioning itself within the national laboratories and innovation hubs, the facility aims to strengthen Acwa Power's presence and contribute to fostering collaboration and innovation between the academic community and the business sector.

Furthermore, it seeks to facilitate the transfer of innovative water desalination technology to various segments of the industrial sector, aligning with the broader goal of promoting cooperation and knowledge exchange.

Source: TradeArabia

Related Report

The Business of Impact Investing in 2023

Impact investing is a form of investing that believes that every dollar invested can make a difference, while producing a profit. Over the past 20 years, impact investing has undergone a remarkable evolution, driven by a confluence of societal, economic, and technological factors. These influences have propelled impact investing into a crucial mechanism for addressing societal needs, traditionally the domain of public funding. In 2022, the impact investing market sat at US$1,146 billion, growing at a healthy compounded annual growth rate (CAGR) of 29% over the last four years. This special report features interviews with thought leaders in the impact investing space, and offers an insightful perspective on the current and future state of impact investing, its challenges and opportunities, and highlights case studies of investors, social enterprises, and the impact they are having on the world.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems