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Saudi Arabia Energy signs 3 storage deals
Saudi Energy signed three agreements valued at a total of 3.25 billion riyals to establish three independent energy storage projects using battery technology in the Mecca and Hail regions. These projects will have a storage capacity of up to 1,500 megawatts and 6,000 megawatt-hours. The projects are named "Hadhan," "Al Khafa," and "Al Muwei," and aim to support grid stability and improve energy management efficiency, with commercial operation contracts lasting up to 15 years. This initiative is part of the kingdom's efforts to enhance renewable energy sources and expand energy storage solutions.
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