The six Italian entities include: Confindustria, Eni, A2A, Industrie De Nora, Italmatch Chemicals and RINA.
Marco Arcelli, CEO of ACWA Power, said: "We hope this cooperation can lead to greater localisation of Italian companies in Saudi Arabia and establish the foundation for a partnership in research and development. We have the ambition to make ACWA Power a vehicle to create transformative opportunities for Italian and European enterprises in Saudi Arabia and to drive sustainable progress in Italy and Europe by supplying green hydrogen and technical expertise.”
Eni and ACWA Power will investigate cooperation in green hydrogen, renewables and research and development in innovative, sustainable technologies. A2A and ACWA Power will assess the potential for green hydrogen projects in their areas of mutual interest, and green hydrogen imports in Italy. RINA and ACWA Power will investigate potential use of green hydrogen and its derivatives in sea-borne shipping.
Industrie De Nora will provide its expertise in electrochemistry and sustainability technologies to enhance ACWA Power’s portfolio of water desalination projects and will investigate possible cooperation in operations and maintenance in green hydrogen applications.
Italmatch Chemicals and ACWA Power will explore the potential for localisation in Saudi Arabia of the production of water treatment products with long term supply agreements to its operations.