Riyadh, Saudi Arabia — ACWA Power has signed Memorandums of Understanding (MoUs) worth USD 500 million with U.S. firms during the Saudi–U.S. Investment Forum. This expands its American collaboration footprint to over USD 6 billion. These new ACWA Power U.S. deals span green hydrogen, renewable energy, and clean technology. These are critical sectors for achieving Saudi Arabia’s Vision 2030 and net-zero goals.

Vice Chairman and Managing Director Raad Al Saady emphasized the strategic value of these alliances, stating, “These partnerships with leading American companies are a direct investment in Saudi Arabia’s future. They support job creation, economic diversification, and sustainable development.”

ACWA Power U.S. Agreements Focus on Clean Tech

The signed MoUs include a range of U.S. companies poised to support innovation across ACWA’s operations:

  • GE Vernova will contribute to technology upgrades for gas turbines and grid systems.
  • Baker Hughes will develop green hydrogen electrolysis and localized manufacturing.
  • KBR will provide ammonia process technologies and project engineering services.
  • Energy Recovery will advance energy efficiency in seawater desalination via PX technology.
  • U.S. solar partners will deliver next-gen tracking systems to lower power costs and enhance domestic capacity.

CEO Marco Arcelli noted that access to American innovation is central to the company’s net-zero strategy, with targets set for 2050. He highlighted these collaborations as essential for scaling global operations sustainably.

Deepening the U.S.–Saudi Energy Alliance

These latest ACWA Power U.S. agreements build on longstanding partnerships with Air Products, EIG, DuPont, and Nextracker. They also involve U.S. academic institutions like MIT, Yale, and UCLA. Together, they reinforce the enduring Saudi–U.S. alliance in the energy sector. They strengthen ACWA Power’s leadership in the global energy transition.

 

The Saudi Standard’s View: U.S. Deals Reinforce ACWA Power’s Global Trajectory

The Saudi Standard views these latest ACWA Power U.S. deals as a strategic affirmation of Saudi Arabia’s ambition. The goal is to anchor global clean energy innovation. With $500 million in new agreements, now totaling more than $6 billion with American partners, ACWA Power has deepened its position. It acts as a bridge between Saudi industrial policy and U.S. technological leadership.

Moreover, these MoUs are not symbolic; they target active deployment of advanced hydrogen, solar, and desalination technologies. This positions ACWA Power to capitalize on innovation while localizing value chains. These are two objectives central to Vision 2030.

In addition, the diversity of the partnerships—from GE Vernova to Energy Recovery—reflects ACWA’s multidisciplinary strategy. This is not just about energy output. It’s about system resilience, cost optimization, and long-term climate alignment.

Ultimately, these collaborations reinforce the robustness of the Saudi–U.S. energy relationship. They also demonstrate that private-sector leadership—when aligned with public objectives—can meaningfully accelerate the Kingdom’s path to a sustainable, diversified economy.