The first round of the Extreme E Championship provided a spectacular backdrop for AFC Energy and Altaaq to sign a Memorandum of Understanding (MoU) which will support Saudi Arabia’s hydrogen energy transition.
The deal will bring together the two companies’ extensive experience to support the transition of the region’s power generation industry to zero emission solutions using AFC Energy’s hydrogen fuel cell technology.
AFC Energy provided a hydrogen fuel cell generator to Extreme E which allowed the all-electric race series to remotely charge its fleet using zero emission energy.
It was this that triggered Altaaq, a Zahid Group company, to sign a deal which will now see them use the technology to revolutionise its vast operations in the region, AFC Energy said in a statement.
Altaaq, which owns one of the world’s largest mobile diesel generator rental fleets with a capacity of 2GW, sees the cooperation with AFC Energy as a means to achieve zero emissions in addition to spearheading hydrogen development in the area.
The introduction of fuel cell technology to Altaaq’s operation would see decarbonisation in oil & gas, power utilities, mining, military, manufacturing, data centres, construction and government services sectors.
This commitment further aligns the Zahid Group’s tireless efforts with the Kingdom’s Vision 2030 objective of reducing its reliance on fossil fuels.
Majid Zahid, Group President at Zahid Group, said, “We are confident that together we will be a significant player in our Kingdom’s aim of becoming the world’s leading hub in the production of green hydrogen and ammonia.”
“Zahid Group is fully aligned with our Kingdom’s strategic vision for the future and across all our Group’s companies we are demonstrating our belief in it.”
The agreement comes shortly after Crown Prince Muhammad Bin Salman Bin Abdulaziz Al Saud unveiled the Saudi Green Initiative and the Green Middle East Initiative that will significantly contribute to achieving global targets in confronting climate change.
The Saudi Green Initiative is targeting a 60% reduction in the region’s carbon emissions.
The Extreme E Championship features five races across the world to showcase zero-emission technology in addition to highlighting environmental issues – Saudi Arabia’s race revealed the issues of desertification in the Middle East.
Read more: Extreme E: A new era of motorsport