Saudi Aramco, a fully-integrated, global energy and chemicals enterprise and a world leader in exploration and production, refining and distribution, and the world’s top exporter of crude oil and natural gas liquids, has entered into a technology licensing agreement with NOMADD Desert Solar Solutions, a locally-owned technology start-up funded by the King Abdullah University of Science and Technology (KAUST) and created to commercialize the no water mechanical automated dusting device.
Under the agreement, Saudi Aramco will grant NOMADD the right to develop and manufacture solar array cleaning technology that was developed in-house by Saudi Aramco’s research and development team based at KAUST. The technology will integrate with NOMADD’s fully automated waterless solar cleaning system.
This is the first commercial licensing agreement between Saudi Aramco and a KAUST funded start-up company. NOMADD will distribute solar cleaning technology in Saudi Arabia and serves as an example of how a technology can be developed, commercialized, manufactured and sold creating local jobs and providing value to the Kingdom.
Vice President of Technology, Oversight and Coordination, Ahmad O. Al-Khowaiter, said “commercializing technology that positively impacts the Kingdom is a great achievement and demonstrates Saudi Aramco’s commitment to a clean energy future.”
“NOMADD is excited to partner with Saudi Aramco, KAUST and other local institutions to bring this vision to fruition,” said Jos van der Hyden, founder and chief executive officer of NOMADD. “NOMADD is gaining strong commercial traction in the solar industry, winning several industry awards for technology and leadership in the field.”
A total of 543 hospitality projects worth Dh262.77 billion ($71.6 billion) are currently under way across the UAE, thus reflecting the vibrancy of the leisure, tourism and the entertainment sectors,
Abu Dhabi’s US$7 billion Khalifa Port is on track to complete marine works by the second quarter of next year in an expansion project to accommodate a new terminal that will be managed by China’s Cos
The Central Bank of the UAE has stepped up action against banks following complaints of mis-selling on consumer and investment products, a senior executive at the institution said on Tuesday, Nari
Leasing and hire purchase firms are showing signs of stability and overall asset growth is expected to be around 5 per cent this year, a top-level official from a non-banking finance company said.
Times of Oman
The National Business Centre (NBC), which is part of the Public Establishment for Industrial Estates (PEIE), hosted on Tuesday an edition of its Reyooq initiative, highlighting the significance of in
Oman Daily Observer