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French energy company Engie is moving toward expanding its clean energy projects in Saudi Arabia, having formed a partnership with the Saudi Electricity Purchase Company to implement the kingdom's first battery energy storage project. The project aims to enhance grid stability and support Saudi Arabia's goals of reaching 50% renewable energy by the end of this decade, as part of Vision 2030. The facility will have a capacity of 500 MW for 4 hours, with an estimated cost of $250 million. It is expected to be completed within a year and a half, with total investments exceeding 4.35 billion Saudi riyals (approximately $1.16 billion).
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