EDF and TAQA have joined forces to collaborate on geothermal energy technologies in Saudi Arabia.
They have signed a memorandum of understanding that includes collaboration on power generation and compressed air energy storage in the country.
The move is part of the commitment of both companies to advancing innovative and decarbonised energy technologies in the Kingdom.
Meshary Alayed, CEO of TAQA Geothermal said: “Geothermal energy utilisation whether via direct heat use or electricity generation is a critical and untapped resource to drive the global transition to clean energy, as it is a reliable, renewable base load resource. The partnership between EDF and TAQA Geothermal in the field of geothermal solutions redefining space cooling, will have tremendous positive impacts on efficiency and carbon footprint reduction.
“The combined strengths will demonstrate cutting-edge geothermal cooling systems for the Kingdom’s growing energy needs while supporting Saudi Arabia’s Vision 2030 in economic diversification and the Ministry of Energy’s renewable energy mandates.”
