Sungrow and ACWA Power Signed MOU for 536MW Energy Storage System for NEOM

Sungrow and ACWA Power Signed MOU for 536MW Energy Storage System for NEOM

Sungrow, the global leading inverter and energy storage system solution supplier, and ACWA Power, leading Saudi developer, investor and operator of power generation, water desalination and green hydrogen projects worldwide, signed a strategic cooperation agreement to promote close cooperation between China and Saudi Arabia in the renewable energy industry and contribute to the Belt and Road initiative, as well as Saudi Vision 2030, as part of China-Arab States Summit.

During the summit, Sungrow and ACWA Power also signed a memorandum of understanding (MoU) to provide a 536MW/600MWh energy storage system for NEOM, further deepening strategic cooperation between the two parties.

NEOM, a smart city, is one vital element of Saudi Arabia’s move from its dependence on oil to a greener future, aiming to achieve exceptional livability, thriving businesses and reinventing conservation, in line with Saudi Vision 2030.

Sungrow provides cutting-edge energy storage system (ESS) solutions for this project, which makes the project more profitable and enables a more efficient project delivery, safer operation, and more hassle-free operation and maintenance, contributing to building a “next generation of Saudi cities”.

Headquartered in Saudi Arabia, ACWA Power’s business spans 13 countries around the world, and it has maintained a long-term robust partnership with Sungrow. The new cooperation