News

Energy storage is emerging as a cornerstone in the global transition to net zero, particularly in regions like the Middle East and North Africa (MENA) where renewable energy potential is vast.

The energy sector employs close to 70 million people, accounts for around 8-10% of global GDP and is one of the largest sectors overall. The urgent need to reduce emissions due to accelerating climate chaos is therefore impactful from a monetary and fiscal perspective. Investments need to be made in new infrastructure to produce green electrons and molecules, store them, and transport them from competitive locations to demand centres.

In the last newsletter, I emphasized that Dii is inherently optimistic about a ‘clean energy future’ in MENA and the world. However, much work remains to be done to make ‘clean,’ particularly ‘net zero,’ a reality. The good news is that the transformation implies virtually unlimited business opportunities for our industry group and the markets in general.

An interesting situation is brewing on capital markets: we have seen the longest bull markets for equities in history (since March 2009!). Interest rates are still relatively low according to the long term average, but we are starting to observe anomalies, e.g. that at the start of April, bonds were falling during a period of correction in equities, which should usually be the opposite.

This Agreement enables both Cox and AMEA Power to further strengthen its presence in water and energy infrastructure projects across regions that are critical to the global economy.

The export of liquefied hydrogen is one of the most prominent features of the strategic transformation in the Sultanate of Oman, especially after it signed a historic agreement in April 2025 to develop the first global trade corridor for liquefied hydrogen.

Perth, 13 May, 2025 – InterContinental Energy, a global leader in giga-scale green hydrogen development, announces its patented P2(H2)Node™ system. Designed in Australia after four years of intense innovation and engineering, this game-changing solution cuts costs, boosts efficiency, and allows for the scaling of giga-scale green hydrogen production.

Cummins Arabia and Cummins Middle East jointly launched Cummins’ new Battery Energy Storage Systems (BESS) at an exclusive event held in Dubai on Monday, April 14. The launch was attended by key customers, consultants, and partners from across diverse sectors including rental, data centers, utilities, commercial properties, healthcare, oil and gas, and manufacturing.

Carbon Capture and Storage (CCS) is a critical technology in the global energy transition towards achieving net-zero emissions. It plays a pivotal role in mitigating climate change by capturing carbon dioxide (CO2) emissions from industrial processes and power generation, preventing them from entering the atmosphere.

Albert Einstein said that three forces rule the universe: fear, greed and stupidity. Observing the growing disconnect between people and their leaders, we see those forces at work. Most people in the world are really concerned about climate change, and that concern is growing.