Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

DEWA files patent for energy liquid

DEWA is eyeing to enhance Dubai’s position as a global hub for clean energy and a green economy.
  • The novel liquid is an effective and safe solution for energy storage systems operations, notably lithium-ion batteries and fuel cells.
  • DEWA chief Al Tayer said the patent supports its commitment to promoting energy security and sustainability.

Dubai, UAE – Dubai Electricity and Water Authority (DEWA)’s Research and Development Centre (R&D) filed a patent for a chemical liquid that supports energy storage systems and enhances their efficiency.

The novel liquid achieves high thermal and electrochemical stability. This achievement is an effective and safe solution for energy storage systems operations, notably lithium-ion batteries and fuel cells, DEWA said.

“We launched several initiatives and projects to diversify the energy mix and improve its storage, including the Mohammed bin Rashid Al Maktoum Solar Park, Hatta hydroelectric power plant, the Green Hydrogen project using solar power, and two pilot projects for energy storage using Tesla’s lithium-ion battery solution, and sodium-sulfur batteries, which is the first utility-scale energy storage pilot project in the region,” said Saeed Mohammed Al Tayer, MD and CEO of DEWA.

Al Tayer added that this patent supports DEWA’s commitment to promoting energy security and sustainability, according to the highest international standards, and its efforts to enhance Dubai’s position as a global hub for clean energy and a green economy.

“DEWA’s strategy is based on disrupting the role of utilities by digitalization using the Fourth Industrial Revolution’s disruptive technologies. We harness innovation and the latest technologies to enhance DEWA’s excellence and leading position as one of the best utilities worldwide,” continued Al Tayer.