ACWA Power, a major player in water desalination and energy transition, has signed MoUs worth USD 500 million with US companies, expanding its collaborations to USD 6 billion, with a focus on hydrogen. The agreements, signed in Riyadh at the Saudi–US Investment Forum, strengthen the strategic partnership between Saudi Arabia and the US, promoting innovation and investment in the energy sector. These partnerships align with Saudi Arabia's Vision 2030 and goal of achieving net zero emissions by 2060. ACWA Power will work on deploying advanced solar energy technologies, testing innovations in green hydrogen production with Baker Hughes, and implementing energy-saving solutions in seawater desalination plants. Collaborations with companies like GE Vernova, KBR, and Energy Recovery aim to drive sustainable energy innovation and enhance efficiency. The partnerships also extend to prestigious American universities for research and development. ACWA Power's commitment to value-driven collaborations reflects a dedication to diversifying the economy, creating jobs, and achieving sustainability goals. Overall, these agreements mark a significant step in strengthening the Saudi-US partnership and advancing sustainable development in the energy sector.