Home GCC China’s Sungrow inks deal with Saudi’s Algihaz for energy storage project The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid. by Reuters July 16, 2024 Chinese photovoltaic inverter manufacturer Sungrow Power Supply said on Tuesday it has signed an agreement with Saudi Arabia‘s Algihaz Holding for an energy storage project with a capacity of up to 7.8GWh. The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia‘s power grid and help realise Saudi Vision 2030, the company said in a statement. Tags China energy Saudi Arabia Solar Sungrow You might also like Saudi Arabia is building its own AI models — and this is helping Nvidia Saudi esports, gaming sectors to boost GDP by $13.3bn Saudi’s PIF secures $15bn loan from global syndicate UAE’s ADNOC deploys Neuron 5 for AI-powered efficiency