Viridi, a developer of innovative battery technology that can be safely installed and operated in nearly any environment or location, has launched its subsidiary Viridi MENA, to expand its global presence.
Viridi MENA, headquartered in Al Khobar, Saudi Arabia, will work with partners in the region to manufacture and deploy Viridi’s unique fail-safe lithium-ion battery energy storage systems throughout the Middle East and North Africa (MENA). Eng. Nabelah Al-Tunisi, a distinguished figure in the regional energy industry who is renowned for her previous role as Chief Engineer at Saudi Aramco, will lead Viridi MENA as company president.
According to the Middle East Institute, MENA countries are ambitiously aiming to generate between 15 percent to 50 percent of their power from renewable energy sources by 2030. To meet the burgeoning energy demand, the region anticipates the installation of an estimated 92 GW of new power generation capacity by 2025, a substantial 27 percent increase over the 2018 capacity levels.
MENA remains well-positioned to harness its competitive advantages, including abundant renewable energy resources, cost-effective procurement options, and readily available financing, to scale up the deployment of energy storage solutions.
“Viridi’s battery architecture and safety outcomes stand apart from all other solutions currently offered in the energy storage sector. In addition to being one of the safest and most reliable storage technologies available, Viridi’s distributed energy storage systems are affordable, versatile, and scalable, making it the perfect solution for helping the region achieve its renewable energy commitments. I look forward to making a significant contribution to Viridi’s growth and success by helping to bring this solution to the global marketplace.”
Viridi’s CEO Mr. Jon M. Williams said that “Governments throughout the MENA region have set ambitious renewable energy targets, and the expansion of energy storage capacity, characterized by safety and reliability, is the linchpin to achieving this transition. Ms. Nabelah is exceptionally well-suited to guide Viridi through these challenges, and I am confident that her unparalleled expertise and extensive industry relationships make her an asset to our team and to our partners in today’s global marketplace.”