ACWA Power, a Saudi Arabian developer, investor and operator of power generation, water desalination, and green hydrogen plants, has signed 27 memorandums of understanding (MoUs) at a recent three-day event to advance green hydrogen, desalination technologies, energy storage systems, and industrial AI.
Held under the patronage of Saudi Arabia’s Ministry of Energy in Riyadh, Innovation Days 2026 brought together government entities, research institutions, global technology leaders, and investors, exploring pathways to a resilient, low-carbon energy system aligned with Vision 2030, including Saudi Arabia’s target of 50% renewables by 2030, grid stability priorities, and the role of long-duration energy storage.