ACWA Power establishes global innovation center in Pudong
ACWA Power, a leading company in global energy transition, recently signed an agreement with Xin Development Co Ltd, a subsidiary of Waigaoqiao Group, to establish its global innovation center in XINeocity in Shanghai's Pudong New Area. The center will focus on photovoltaics, wind power, energy storage, green hydrogen, and seawater desalination.
It will include three major platforms: a green energy research and development center, a green energy laboratory, and a green energy demonstration base. Leveraging ACWA Power's global assets, advanced renewable energy and seawater desalination technologies, and experience in integrating the green hydrogen industry chain, it aims to build a green energy innovation ecosystem focusing on technology research and development, testing, industrialization, and application.
Headquartered in Riyadh, Saudi Arabia, ACWA Power is a globally leading company in the development, investment, and operation of power and seawater desalination, advocating for a sustainable, carbon-free future.
With assets in 13 countries and a total investment exceeding $94 billion, ACWA Power is committed to accelerating the industrialization and large-scale production and application of renewable energy, seawater desalination, and green hydrogen, contributing to global energy transformation and China's dual carbon goals.