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Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh - ارقام

SPA ·

Saudi Energy has acquired a stake in UK-based Kraken Technologies, a subsidiary of Octopus Energy Group, specializing in AI-enabled technology for smart grids and energy management. This acquisition includes the establishment of a joint venture headquartered in Riyadh. The partnership aims to localize advanced energy technology within the Kingdom. Why it matters: This strategic collaboration is significant for advancing energy technology and smart grid solutions in Saudi Arabia, aligning with national goals for technological development and energy efficiency under Vision 2030.

Powering KSA’s future: Alumna highlights KAUST’s role in developing Saudi energy labor force

KAUST ·

KAUST alumna Haleema Alamri is now Director of the Innovation and Technology Observatory at the Saudi Ministry of Energy. Alamri's work supports developing a domestic skilled-leadership pipeline, advancing the Ministry’s energy localization goals. She emphasizes KAUST’s role in preparing talent for the energy sector and its alignment with Saudi Vision 2030. Why it matters: This highlights KAUST's strategic importance in supporting Saudi Arabia's energy sector localization and leadership development in line with Vision 2030.