GE Vernova recently held the 'New Era of Energy' forum at the King Abdullah Petroleum Studies and Research Center, where CEO Scott Strazik said his company is "proud to continue our near century of contributions to the Kingdom’s power sector, and today’s announcements underscore our commitment to investing and expanding our work in this important region.”
During the event, GE Vernova signed an MoU with the Saudi Electricity Company, committing to help in Saudi Arabia's digitalisation, modernisation and acceleration of its energy transition goals. The partnership will see the deployment of GE Vernova's GridOS software and will aim to develop a Regional Center of Competency & Excellence in the Saudi capital.
GE Vernova also committed to significant spending on its GE Saudi Advance Turbines facility in Dammam, aligning with its MoU with National Grid. The facility will produce high-voltage gas-insulated switchgears.
Production will also be expanded at its existing GE Manufacturing Technology Center in Dammam.
Scott continued, "With a clear roadmap for Vision 2030 and beyond, Saudi Arabia is well placed to lead a new era of energy, and GE Vernova is honored to play a significant role in these efforts."
GE Vernova commits to supporting Vision 2030 energy goals
