Marco ARCELLI
CEO
ACWA Power
ACWA Power develops and operates a diverse portfolio of power generation facilities, focusing on renewable energy sources such as solar and wind. The company addresses the need for sustainable energy solutions by providing reliable electricity while reducing carbon emissions in the power sector.
- Clean Technology
- Energy
Updated 6 months ago
Funding
Raised to date
$692.2MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
The increasing global demand for electricity and desalinated water strains existing infrastructure and exacerbates environmental concerns due to reliance on traditional power generation methods. Many regions face challenges in securing reliable and sustainable access to these essential resources.
Solution
ACWA Power develops, invests in, and operates power generation and desalinated water plants, with a focus on providing sustainable solutions. The company's portfolio includes assets in operation, construction, or advanced development across multiple countries, utilizing renewable energy sources like solar, wind, and concentrated solar power (CSP). ACWA Power aims to deliver electricity and desalinated water competitively while minimizing environmental impact through advanced technologies and efficient operations.
Target Audience
ACWA Power serves governments, utilities, and industrial clients seeking reliable, cost-effective, and environmentally responsible power and desalinated water solutions.
Features
- Portfolio of assets including power generation and desalinated water plants.
- Focus on renewable energy sources such as solar PV, wind, and CSP technologies.
- Development and operation of integrated projects, including greenfield developments.
- Expertise in build, own, operate (BOO) project models.
- Operation of seawater reverse osmosis (SWRO) desalination plants.
- Utilization of combined cycle gas turbine (CCGT) technology for efficient power generation.
- Development of green hydrogen projects.