Riyadh — ACWA Power, the world’s largest private water desalination firm and a key player in energy transition, signed Memorandums of Understanding (MoUs) worth USD 500 million with U.S. companies during the Saudi–U.S. Investment Forum in Riyadh. These agreements raise the company’s total collaboration with American partners to more than USD 6 billion.
The strategic MoUs span renewable energy, green hydrogen, and technological innovation—key pillars of Saudi Arabia’s Vision 2030 and its net-zero emissions target for 2060.
“These partnerships with leading American companies are a direct investment in Saudi Arabia’s future,” said Raad Al Saady, ACWA Power’s Vice Chairman and Managing Director. “They support job creation, economic diversification, and sustainable development.”
CEO Marco Arcelli emphasized that access to advanced technology is essential as the company expands its portfolio and works toward net-zero goals by 2050.
Among the agreements:
– GE Vernova will collaborate on innovations for combined-cycle gas turbines and electricity transmission systems.
– Baker Hughes will support green hydrogen production, with plans to develop electrolysis solutions and localized manufacturing.
– KBR will contribute ammonia technology, engineering services, and program management for large-scale projects.
– Energy Recovery will engage in joint R&D to improve energy efficiency in seawater desalination, using advanced PX (pressure exchanger) technology.
– ACWA Power will also deploy advanced solar tracking technologies in partnership with U.S. firms to lower energy costs and boost domestic production capacity.
These partnerships build on ACWA Power’s history of collaboration with U.S. companies such as Air Products, EIG, DuPont, and Nextracker, as well as academic institutions including MIT, Yale, and UCLA.
The agreements reinforce the U.S.–Saudi alliance in driving sustainable energy innovation and advancing ACWA Power’s position at the forefront of the global clean energy transition.
