webvic-b

Energy

ADIPEC 2024 is spotlighting the pivotal role of AI in the energy transition. (Image source: ACP)

On 4 November, Abu Dhabi welcomed the global energy sector to the UAE as ADIPEC 2024, the world’s largest energy event, opened at the ADNEC Centre

Hosted by ADNOC and themed 'Connecting Minds. Transforming Energy', ADIPEC 2024 is spotlighting the pivotal role of artificial intelligence (AI) in the energy transition, while introducing new insights from finance, technology, and the Global South, as well as youth perspectives, to promote a sustainable, secure, and equitable energy future.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said at the opening ceremony, “Energy markets must shift and grow, and energy systems must be transformed.” He said that by 2050, “Wind and solar will expand seven times. LNG will grow by at least 65% and oil will continue to be used for fuel and as a building block for many essential products.”

These growing demands can only be met via artificial intelligence, he said. “AI is one of those areas defining breakthroughs that are changing the pace of change itself. It is redefining the boundaries of productivity and emissions, and it has the potential to accelerate the transformation of energy systems and to supercharge low carbon growth.”

“As AI expands, it will rely on a massive scale up of data centres for its huge and fast growing computational needs. Over the next six years, data centres will more than double, requiring at least 150 GW of installed capacity by 2030 and doubling again by 2040. No single source of energy is going to be enough to meet this demand. We need to integrate renewable energy, nuclear energy and gas in the most cost and carbon efficient way.”

The keynote speech by Al Jaber was followed by a ministerial panel, where leaders from the UAE, India, Egypt and Uganda presented their positions.

“ّIn the UAE, we are privileged with a leadership that believes in investments in energy, and all forms of energy. Our president His Highness Mohammed bin Zayed is a visionary leader, for the role of different forms of energy. And as you can see, we are investing in renewable, nuclear, and conventional as well.”

“In India, I can tell you that today we are using artificial intelligence for refinery automation,” said Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas. “We are using artificial energy intelligence for 2D and 3D seismic surveys, for finding oil and gas. We are using low cost solar energy in a way to boost our power in our data centres.”

Karim Badawi, Egypt’s recently-appointed Minister of Petroleum and Mineral Resources, said, “Egypt's position as a regional hub, provides an ability to contribute to the petrochemical sector, in the refining sector, as well as export sector. We have the capacity to export refining capabilities of 40 million tons. So when we look at the situation in Egypt, we would like to leverage our position to be able to unlock the potential of the gas reserves, not only of Egypt, but of the region and of the Mediterranean.”

“Uganda's participation [in ADIPEC] will be to exploit the potential that you have in power generation, because advanced technology requires power and clean power,” said Ruth Nankabirwa Ssentamu, who is Uganda’s Minister of Energy and Mineral Development. She said that the country is equipped to diversify its energy mix, consisting of solar and hydro power. “We also have potential for nuclear power,” she said.

Uniting global tech leaders

This year’s event debuts the Energyai by ADNOC zone, where global tech leaders such as enercap, Accenture, AIQ, Microsoft, and Baker Hughes will present innovative AI solutions to address energy needs and drive emissions reduction. This dedicated AI area will feature the Energyai Conference, Creative AI Lab, Reskilling Lab, networking spaces, demo stations, and an interactive AI showcase, offering attendees a firsthand look at cutting-edge technologies and collaborative opportunities within the industry.

With an anticipated 184,000 attendees from 164 countries, ADIPEC 2024 will be the largest event in its history. The conference lineup will include over 1,800 speakers, featuring 40 ministers and 200 top executives from the Middle East, Asia, Africa, Europe, and the Americas, all engaging 16,500 delegates across more than 370 sessions. ADIPEC’s ten-conference series, including the flagship Strategic Conference, will bring together global business, political, and industry leaders to set a clear path for an inclusive and balanced energy transition.

Under the patronage of H.H. Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE, ADIPEC 2024 is poised to deliver insights and innovations to shape the future of the energy industry. A convenient Park-and-Ride service will run every five minutes between Zayed Sports City and ADNEC from 6:00 to 19:00, ensuring easy access for all participants from 4–7 November 2024.

This MoU highlights Hassana and EIG’s shared vision to expand investments in regional infrastructure. (Image source: Canva)

Hassana Investment Company has signed an MoU with EIG, a prominent global investor in the energy and infrastructure sectors, to advance infrastructure and energy transition projects across the Middle East.

The collaboration will leverage EIG’s dedicated US$1bn regional fund, with Hassana considering an anchor investment of up to US$250mn.

This MoU highlights Hassana and EIG’s shared vision to expand investments in regional infrastructure and sustainable energy. By encouraging international investor participation and driving foreign direct investment, the partnership aligns with Saudi Arabia’s Vision 2030 objectives, as well as the wider regional push towards sustainable energy solutions.

The agreement was formalised by Saad bin Abdulmohsen Al-Fadly, CEO of Hassana, and R. Blair Thomas, chairman and CEO of EIG.

Mr. Al-Fadly said, “Hassana is pleased to expand our partnership with EIG, a leader in the global energy and infrastructure sectors. This agreement reflects our shared commitment to support the growth of infrastructure investments and the facilitation of the energy transition in the Kingdom of Saudi Arabia and the rest of the region.”

Mr. Thomas commented, “We had the pleasure of partnering with Hassana on the Pearl Pipelines project in the Kingdom of Saudi Arabia and now we look forward to taking our relationship to the next level.”

He added, “We believe energy transition is one of the defining investment themes of the next several decades and leading investors need to work together in an effort to deliver the reliable, affordable, and sustainable energy system that society requires. We are committed to doing exactly that.”

Abdulaziz Al-Gudaimi, chairman of EIG’s MENA Operations, said “Hassana and EIG continue to make a difference in the energy scene of the Middle East. By deploying capital into innovative energy transition projects, we are endeavoring to build a sustainable future, boost the economy, and reinforce the region's commitment to clean energy solutions for many years to come.”

HARTING also provides HDC push-in industrial connectors. (Image source: Harting)

Power and industrial connectors are essential and indispensable components of any machinery setup or production line.

They enable efficient and reliable transfer of energy and data. In today’s world, where automation, innovation, and technological advancement are key priorities, selecting the right connectors poses a significant challenge for designers and engineers.

German company HARTING is a prominent leader in the market, offering high-quality industrial connector solutions for decades. The TME catalog includes HARTING products, with thousands of options to choose from.

HAN S power connectors

Power connectors from the HAN® S 120 and HAN® S 200 families have been designed according to the latest trends in the energy storage market. The manufacturer has added to their portfolio 1-pole solutions, which can be mounted on the cable or on the panel. Moreover, both male and female connectors are compliant with the UL94V-0 flammability class, which ensures the flexibility and safety of installation.

They are made from polycarbonates and available in various colours, and their contacts are made of copper alloys. The HAN® S connectors are notable for their electrical parameters – they can operate with the maximum voltage of 1500 V and current of 120 A or 200 A, depending on the model.

Sleeve for energy storage systems

HARTING also offers a wide range of accessories for the HAN® S connectors which are available from the TME catalogue. When designing an industrial installation, you can make sure to use protection sleeves and covers. Such accessories improve the safety, but also the durability of the installation. Just like the connectors, they are compliant with the UL94V-0 flammability class.

HDC industrial connectors

HARTING also provides HDC push-in industrial connectors. These connectors are equipped with multiple contacts and are available in versions with 3, 4, 6, 8, or 12 pins, male or female. They are made from polycarbonates, thanks to which they are compliant with the UL94V-0 flammability class. The Han-Modular® line, to which they belong, is suitable for voltages from 250 V to 830 V and current of 10 A, 16 A, or 40 A, depending on the model. The connectors can operate in the temperature from -40°C to 125°C and last 500 cycles, and they are dedicated to create stable industrial connections between the machines or modules of the production line.

ADIPEC will bring together ministers and business leaders from across the globe. (Image source: dmg events)

Ministers, energy leaders and technology pioneers from across the Middle East, Asia, Africa, Europe and the Americas will convene in Abu Dhabi for ADIPEC 2024 to foster collaborative action, innovation and partnerships to accelerate the energy transition

Hosted by ADNOC from 4-7 November 2024, ADIPEC 2024 will take place under the theme ‘Connecting Minds. Transforming Energy,’ with a focus on the energy-AI nexus and next-generation technologies and AI solutions that are shaping the future of the energy sector.

His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 president, and ADNOC managing director and Group CEO, will deliver a keynote address during the Opening Ceremony. Following the keynote, a ministerial panel titled ‘The new global leaders and the energy transition,’ will see energy ministers from the UAE, India, and Egypt explore how emerging economies are reshaping the global energy landscape by balancing unique challenges and opportunities in energy demand, technological progress, environmental stewardship and economic growth.

ADIPEC 2024 will feature 10 strategic and technical conferences, each addressing crucial aspects of the energy transition, including energy security and affordability in the Global South, accelerating the flow of investment in low-carbon projects and alternative fuels, and embracing AI’s role in facilitating the decarbonisation of hard-to-abate sectors.

CEO panel

The lead CEO panel on day one of ADIPEC, titled 'Meeting escalating global energy demand whilst transitioning to a low carbon energy system,' will bring together industry leaders including Murray Auchincloss, CEO of bp; Wael Sawan, CEO of Shell; Tengku Muhammad Taufik, president & group CEO of PETRONAS; and Claudio Descalzi, CEO of Eni. This high-profile discussion will tackle the pressing challenge of balancing growing global energy needs with ambitious decarbonisation goals, exploring strategies for sustainable energy supply and resilience in a transforming industry landscape.

ADIPEC 2024 will feature leaders from a range of sectors, including technology, logistics and finance, showcasing the diverse expertise essential for advancing the global energy transition. Technology giants, including Microsoft, Schneider Electric, Siemens, and Accenture, will share insights on digital transformation, while AI innovators such as Boomitra, Matroid, and AIQ will spotlight the potential of artificial intelligence to drive efficiency and decarbonisation across the energy sector.

Logistics powerhouses AD Ports Group and DP World will discuss optimising supply chains for a sustainable future, and, in finance, industry leaders from Abu Dhabi Islamic Bank, Bank of America, Standard Chartered, Barclays, J.P. Morgan, and Morgan Stanley will address the vital role of sustainable investment and financing models in supporting an equitable and low-carbon energy future.

Together, these key voices will share their perspectives on collaborative solutions that can drive forward a fundamental transformation of our energy and economic systems.

Tayba Al Hashemi, chair of ADIPEC 2024 and CEO of ADNOC Offshore, said, “ADIPEC 2024 will unite global industry and technology leaders to unlock opportunities that can accelerate the energy transition and catalyse innovative solutions to integrate the energy and AI sectors more effectively. I look forward to welcoming industry leaders, experts and pioneers from across the world at what promises to be a very exciting, solutions-oriented ADIPEC 2024.”

The first agreement is a US$690mn framework with the National Bank of Kuwait. (Image source: ACWA Power)

ACWA Power announced four strategic agreements totaling US$1.8bn during the opening day of the Future Investment Initiative (FII8) in Riyadh.

The agreements span project financing, renewable energy, storage, and R&D across the GCC, China, Central Asia, and North Africa, aligning with the company’s ongoing growth in these key regions.

The first agreement is a US$690mn framework with the National Bank of Kuwait (NBK) to secure general corporate finance facilities, supporting ACWA Power’s project pipeline in Saudi Arabia, Kuwait, and other target regions.

In a separate financing move, ACWA Power signed a US$240mn shariah-compliant equity bridge loan with the International Finance Corporation (IFC), part of the World Bank Group, for solar projects in Uzbekistan. This loan will fund two solar power initiatives, Sazagan 1 and 2, in Samarkand, each with 500 MW solar photovoltaic (PV) and 334 MW battery energy storage systems (BESS) capacities. Expected to become operational between Q3 2025 and Q4 2026, this agreement marks ACWA Power’s first corporate financing collaboration with the IFC, creating new opportunities for future projects.

Other projects

ACWA Power has entered into a joint development agreement with battery solutions provider Gotion Power Morocco to establish a 500 MW wind power plant paired with a 2,000 MWh battery energy storage system (BESS). This project, set to support Gotion Power’s upcoming battery manufacturing facility in Morocco, is expected to commence production in the first half of 2026. The initial investment for this venture is valued at US$800mn.

Additionally, ACWA Power has signed a Research and Development Cooperation Agreement with China’s Lujiazui Administration Bureau to create an R&D centre in Shanghai. This US$54mn centre will focus on advancing technologies in solar, wind, energy storage, green hydrogen, and desalination. In collaboration with local and international partners, the centre aims to drive innovation in sustainable water and energy solutions for use across ACWA Power’s projects worldwide.

Marco Arcelli, CEO of ACWA Power, stated, “These agreements exemplify the extensive breadth of our portfolio and the diverse initiatives we pursue. By collaborating with a variety of partners, we enhance our capabilities, particularly in the areas of innovation and research within our key sectors. This approach underscores our commitment to fostering strategic alliances that drive growth and advancement in the industry. Such strategic alliances reinforce ACWA Power’s dedication to its mission of delivering affordable and reliable power and water solutions on a global scale, thereby strengthening our role in shaping a sustainable future.”

He added, “At ACWA Power, we believe that through innovation and collaboration, we can create a sustainable future for generations to come.”

More Articles …