Riyadh: In a signing ceremony that took place today at the FII PRIORITY summit in Miami, ACWA Power announced its strategic partnership with the Future Investment Initiative (FII) Institute. This collaboration underscores the commitments of both organizations to sustainability and fostering sustainable investments aligned with global climate ambitions.
ACWA Power is the world’s largest private water desalination company, a first mover into green hydrogen and a leader in energy transition. Its partnership with FII Institute, the global non-profit organization that catalyzes sustainable and inclusive investments, is dedicated to advancing strategic initiatives that foster sustainable development around the world. This collaboration aims to harness their complementary strengths, focused on thought leadership in the fields of innovation, green technologies, and renewable energy.
Expressing his enthusiasm for the partnership, Marco Arcelli, CEO of ACWA Power, commented, “As a leader in green energy, water and hydrogen, ACWA Power is committed to driving the energy transition across the world. The signing today cements our strong relationship with the FII Institute and signifies a bold leap towards achieving our shared goal to tackle climate change.”
CEO of FII Institute, Richard Attias, celebrated the partnership, stating, “This moment heralds an era of purpose-driven collaboration. ACWA Power and FII Institute share a common vision to unlock sustainable opportunities that drive a positive Impact on Humanity and the environment by finding solutions to the world’s most pressing issues at this pivotal moment in the global energy transition.”
The strategic partnership between ACWA Power and FII Institute is poised to inspire a new wave of sustainable investments in the energy sector by fostering an inclusive global energy landscape that prioritizes sustainability, innovation, and long-term value creation for stakeholders.
The FII PRIORITY Miami summit is taking place in Miami, Florida, USA February 22-23, 2024, convening global leaders and decision makers to discuss the most critical issues facing humanity today. Under the theme, “On the Edge of a New Frontier,” the summit showcases disruptive technologies including green tech, connects ideas to investments, and helps changemakers accelerate innovation.
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About FII Institute
The Future Investment Initiative (FII) Institute is global non-profit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive, and driven by data: we foster great minds from around the world and turn ideas into real-world solutions and actions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
About ACWA Power
ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 12 countries in the Middle East, Africa, Central Asia and Southeast Asia. ACWA Power’s portfolio comprises 81 projects in operation, advanced development, or construction with an investment value of SAR 318 billion (USD 84.7 billion), and the capacity to generate 55.1 GW of power and manage 7.64 million m3/day of desalinated water per day, delivered on a bulk basis to address the needs of state utilities and industries on long term, off-taker contracts under utility services outsourcing and Public-Private-Partnership models.
