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New Initiatives Target Energy Efficiency Growth in Saudi Arabia

The Saudi ESCO 2024 forum in Riyadh, Saudi Arabia. (Turky Al-Agili)
The Saudi ESCO 2024 forum in Riyadh, Saudi Arabia. (Turky Al-Agili)
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New Initiatives Target Energy Efficiency Growth in Saudi Arabia

The Saudi ESCO 2024 forum in Riyadh, Saudi Arabia. (Turky Al-Agili)
The Saudi ESCO 2024 forum in Riyadh, Saudi Arabia. (Turky Al-Agili)

The Saudi government has unveiled eight new initiatives to boost energy efficiency, targeting sustainable economic growth and lower carbon emissions.

The new initiatives were announced at the Saudi ESCO 2024 forum, which began Monday in Riyadh. Energy Minister Prince Abdulaziz bin Salman attended the event.

Energy efficiency means using less electricity to achieve the same results through measures that reduce consumption and improve usage without affecting performance.

Saudi Arabia aims to cut domestic energy consumption by 2030 through ongoing efforts and initiatives.

The new initiatives include an updated licensing regulation for energy efficiency service providers, a revised “National Measurement and Verification User Guide,” and the launch of an independent energy auditors platform, an energy efficiency projects opportunities platform, and an energy efficiency academy online platform.

The National Energy Services Company (Tarshid), owned by the Public Investment Fund (PIF), plans to launch 50 solar photovoltaic projects across Saudi Arabia this year, following 10 projects last year.

Tarshid also aims to start around 84 building retrofit projects this year, targeting energy savings of about 2.1 terawatt-hours nationwide.

At a press conference, Saudi Energy Efficiency Center (SEEC) Director General Nasser Al-Ghamdi told Asharq Al-Awsat that the center has ensured reliability in the sector by licensing energy service companies and maintaining service quality.

Energy efficiency teams have been set up in 280 government entities to focus on awareness, technical training, and tools to help reduce consumption, according to Al-Ghamdi.

He also affirmed that Saudi ESCO 2024 brought together service providers, experts, and beneficiaries to showcase solutions, drive investment, and highlight the importance of energy efficiency skills.

Al-Ghamdi stated that the forum and its exhibition reflect the SEEC’s commitment to a range of initiatives and services aimed at enhancing energy efficiency. This effort is crucial for reducing emissions and supporting national climate change goals.

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GE Vernova Rolls Out First H-Class Gas Turbine in Saudi Arabia

In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
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GE Vernova Rolls Out First H-Class Gas Turbine in Saudi Arabia

In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova
In the presence of Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam. Image courtesy: GE Vernova

In the presence of Saudi Minister of Energy Prince Abdulaziz bin Salman, GE Vernova Inc. has announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam in an official ceremony held at GESAT.

GESAT, a joint investment with Dussur, is the first facility in Saudi Arabia and the region to manufacture H-Class gas turbines and components.

The first locally completed H-Class unit is set to power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP), which once operational is anticipated to be the most efficient power plant in Saudi Arabia.

By 2030, the entire Jafurah gas field is expected to produce up to 630,000 barrels of natural gas liquids and condensates, as well as over 420 million standard cubic feet (MMSCFD) of ethane per day.

The successful rollout of the locally completed gas turbine at GESAT is a significant milestone in the Kingdom’s energy sector and contributes to Saudi Arabia’s economic diversification and local skills development initiatives, in alignment with Saudi Vision 2030 goals.

The rollout underscores GE Vernova’s commitment to bringing cutting-edge technology products to support both the Kingdom’s energy needs and its sustainability goals.

President of GE Vernova in Saudi Arabia Hisham Al-Bahkali said: “We are incredibly proud of GESAT’s accomplishments in driving industrial localization within the Kingdom’s energy sector in support of Saudi Vision 2030.”

He added: “GESAT strengthens ‘Made in Saudi’ capabilities and, since 2018, has exported 200+ accessory modules for power plants generating more than 11 GW.”

Renowned for their high efficiency and performance, GE Vernova’s H-class gas turbines offer one of the most cost-effective conversions of natural gas to electricity in their class, and support flexible power generation needs across the Middle East.

“The high efficiency and hydrogen readiness of our H-class turbines can support the country’s energy transition, as the turbines can rapidly ramp up or down to support grid stability as more intermittent renewables are integrated into the energy system,” said Joseph Anis, president and CEO of GE Vernova’s Gas Power business in Europe, Middle East and Africa.

To further support the Kingdom’s economic diversification and export capabilities, GE Vernova also signed an MoU with Saudi EXIM that aims at enabling the export of goods and services of GE Vernova from Saudi Arabia through lending and insurance support from Saudi EXIM Bank.

Since inception, GESAT has been set up to deliver technology products for export from the Kingdom, and this MoU aims to further enable export projects. The signing was done by Eng. Saad Alkhalb, CEO of Saudi Exim Bank, and Hisham Al Bahkali, President of GE Vernova for Saudi Arabia.

GE Vernova spun-off from GE and began trading as an independent company on the New York Stock Exchange (NYSE) on April 2, 2024. With approximately 55,000 wind turbines and 7,000 gas turbines, GE Vernova's technology helps generate about 25% of the world's electricity and has a meaningful role to play in the energy transition.