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| The World Future Energy Summit reviews |
The World Future Energy Summit reviews the electrolyte market growth opportunities in the region
The Middle East and North Africa region is set to become the second largest market for electrolyzers in the world by 2040 thanks to sustainable green solar hydrogen production projects, announced today at the World Future Energy Summit in Abu Dhabi.
The 2023 Solar Outlook was presented to the public by Denissa Fiennes, Secretary General of the Middle East Solar Industries Association, at the Solar and Clean Energy Forum, one of the six dedicated events of the summit programme.
Fines also underlined the potential for production in the MENA region, which could reach 20% of global green hydrogen production, which could also make the region a key hub in the supply chain given its location between Asia and Europe.
The report also urged solar PV developers and contractors to seek competitive electricity rates and reduce cooling consumption by improving energy efficiency and implementing building management systems.
Fines highlighted the dangers of increasing energy use for cooling, saying: “The sunny weather in the Middle East throughout the year leads to an increase in energy use for cooling, and an increase in carbon dioxide emissions in the region, and it is expected that by 2050 this will lead to cooling energy consumption.” Triple .
This report, the tenth edition of the association, highlights the potential of the electric car industry to make a significant contribution to the revitalization of the economy of the Kingdom of Saudi Arabia, especially in light of the challenges that the Middle East faces in providing vehicles with appropriate infrastructure and the availability of hot weather tests. The association presented the Kingdom's ambitious plans to manufacture electric cars with an estimated capacity of 350,000 cars, which will encourage the creation of an ambitious industry aimed at creating more job opportunities and diversifying the economy.
The report also identifies the importance of asset management through digitization with drones, cleaning with robotics, maintenance and digital operations, and provides expert opinions and key points on the opportunities and challenges for each country. The report also summarizes energy-poor countries and identifies vulnerabilities that may translate into high-stakes employment opportunities.
Venis pointed out that the region "is witnessing the beginning of a new phase of the solar boom," pointing out that the new phase was devoid of the doubts that were expressed in the past regarding the availability and quality of solar energy. “Solar energy has proven its ability to compete with other energy solutions and products in terms of electricity costs and prices, which has helped it grow quickly and smoothly, even in light of the recent uncertain conditions in the energy market and the continuous decline in energy prices,” she explained. Oil and natural gas prices Solar energy has always been different from other technologies because it can meet all needs, from residential applications to the development of public services. This great flexibility in the use of solar energy also makes it possible to meet the energy needs associated with hydrogen production. optimal use of it.
Noting that the experience of the Middle East and North Africa region in installing and using solar energy systems has led to renewed efforts to harness technological developments to increase energy production and improve operational efficiencies in this sector, she said about this matter, “Recent and important developments in the field of solar energy production considerations lead to The emergence of new applied technologies such as: robotics, artificial intelligence, drones and imaging with the aim of increasing the efficiency of solar energy, and solar and photovoltaic technologies are also developing to increase the efficiency of cells and systems used in a field The projected emissions show that new technologies that are not currently popular such as heterointerferences and perovskites will dominate the trends Public companies in this field if carefully studied to determine the efficiencies they can bring to solar cells in the future.
Rx Middle East, the organizing company of the World Future Energy Summit, spoke about the positive prospects for the rich Middle East's potential in the solar energy sector in a report issued by the Middle East Solar Industry Association.
“The region is poised to significantly increase private and public investment in solar energy infrastructure, which plays an ever-increasing role in the solar energy sector in the Middle East and North Africa,” said Lynn El Sebaei, President of the World Future Energy Summit and Managing Director of Rx Middle East. Saudi Arabia is exceptionally capable in this field through its intention to transform the city of NEOM, which it is developing today, into the first city in the world to rely entirely on renewable energy, especially through solar energy Vitality.The great expectations of the Solar and Clean Energy Forum indicate a bright and promising future for this industry.
Masdar is hosting the World Future Energy Summit as part of Abu Dhabi Sustainability Week, a leading platform to support global efforts to achieve and improve sustainable development, for the first time in cooperation with energy and water. Organized in partnership with Enowa.