The Arab Energy Fund

Saudi Tabreed District Cooling Company is a private sector company, duly operating under the laws of KSA. A Closed Joint Stock Company, Saudi Tabreed has Vision International Investment Co., Tabreed UAE, IDB Infrastructure Fund (II), and Al Mutlaq Group as its shareholders. Saudi Tabreed brings together a powerful combination of experience, business acumen and technical excellence to create an organization that is not only providing innovative services but is also investing in the future of Saudi Arabia. Saudi Tabreed is a provider of reliable and economically efficient District Cooling Services. Our state-of-the-art technology guarantees a variety of service and economic benefits. The company provides sustainable and efficient cooling services to its clients (Airports, Government buildings, property owners, real estate developers) in the Kingdom of Saudi Arabia. Saudi Tabreed developed a number of district cooling schemes in most of the major cities of the Kingdom like Riyadh, Dhahran and Makkah, in addition to its ongoing DC development in Jubail. Saudi Tabreed also has formed a specialized SPV to handle O&M activities of its assets and shall include third party assets in future. Saudi Tabreed is a leading provider of reliable, efficient and environmentally friendly district cooling service in KSA with a continuous provision of chilled water to its clients. The company also supports the growth and development of Saudi Arabia by actively participating in local and social activities in order to motivate and develop workforce to ensure growth prospects. It has a set objective, to become the leading source of knowledge and information in the industry.

Ampaire is at the forefront of the Third Aviation Revolution, creating aircraft that are environmentally-friendly, quiet, secure, dependable, cost-effective, and widely available. By pioneering advancements in energy storage, propulsion, and aircraft design, the Ampaire team is pushing the boundaries of the aviation industry. Established in 2016, Ampaire is headquartered in Los Angeles, California and is a part of the Los Angeles Cleantech Incubator portfolio.

Thea Energy is taking a faster approach to commercialize fusion energy. The company’s fusion systems will create a limitless source of zero emission energy for a sustainable future. Thea Energy is leveraging recent breakthroughs in stellarator physics and engineering developed at Princeton University and elsewhere. The company was founded in 2022 with the objective of building modular, utility-scale fusion power.

Oil Field Solutions is a global provider of rotating equipment services, installation, and field operations.

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration. It aims to make batteries that can dispatch energy for days, expanding the ability to supply electricity generated from wind and solar power to the grid. The company's technology transforms the electric grid by making renewable energy dispatchable year-round, as well as extending transmission capacity without building new wires, and replacing the need for conventional thermal generation. Its core technology was invented at MIT and is supported by investors which include Breakthrough Energy Ventures, MIT’s The Engine, Macquarie Capital, Eni Next, Capricorn Investment Group, and Prelude Ventures. Their team members are active learners who like working on tough technology problems that can only be solved with a combination of scientific innovation and hard work. Co-founders Marco Ferrara, Mateo Jaramillo, Yet-Ming Chiang, William Woodford, and Ted Wiley headquartered the company in Somerville, Massachusetts in 2017.

LevelTen Energy is a company that offers a platform for renewable energy buyers, sellers, and advisors to connect and facilitate quicker and more efficient transactions. By leveraging technology, their marketplace allows a wider range of commercial and industrial customers to engage with utility-scale renewable energy projects.

Zeno is developing next-generation radioisotope power systems that generate carbon-free, resilient power for decades.

Base Power is a contemporary energy company that focuses on backup battery systems for homes and electricity plans. They provide home battery systems that can supply up to three days of power during power outages, automatically powering the entire household without manual assistance. This service aims to offer dependable electricity at a lower price compared to conventional options. Base Power also offers electricity plans with clear pricing starting at 9¢ per kilowatt-hour (kWh), in addition to delivery fees and an annual membership fee. These plans enable customers to anticipate their energy expenses.

Valar Atomics is a company focused on scaling nuclear energy beyond the traditional electricity grid.

Antora Energy delivers zero-carbon industrial heat and power to heavy industries that are more reliable than fossil fuels. Antora’s thermal energy storage soaks up excess solar and wind electricity and uses it to heat blocks of carbon so they glow like inside a toaster.

Commonwealth Fusion is a research company that develops energy through an inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy. They combine proven physics backed by decades of government-funded fusion research with a revolutionary superconducting magnet technology to accelerate the path to commercial fusion energy Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to the market. CFS was spun out of MIT and is collaborating with MIT’s Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. Supported by the investors in breakthrough energy technologies, the CFS team is uniquely positioned to deliver the fastest path to commercial fusion energy. Commonwealth Fusion began operation in 2017, with its headquarters in Cambridge in Massachusetts.

Perceptual Robotics creates intelligent automation for wind turbine inspections and more. Utilizing an intelligent Unmanned Aerial Vehicle(UAV), Perceptual Robotics provides existing inspection engineers with a new, cost-effective inspection tool that increases the number of inspections, and quality, whilst minimising health and safety risks. ‘Dhalion’, known as an intelligent unmanned aerial vehicle, provides inspection engineers with a new, cost-effective inspection tool which minimises inspection time and health and safety risks. The company has received funding from Innovate UK’s ‘open’ programme for innovative businesses with high-growth potential. At the press of a button, a wind turbine inspection is carried out in minutes. Throughout the flight Dhalion is equipped to take evasive manoeuvres if necessary. Dhalion is an autonomous inspection platform for wind turbines. At the press of a button, Dhalion allows existing O&M teams to complete wind turbine inspections in minutes rather hours with increased inspection quality. The path is optimised for optimum coverage, reliability in weather and consistent data acquisition. Throughout the flight, Dhalion minds its surrounding and deals intelligently with obstacles and unexpected situations. The inspection data are then automatically distilled to useful information about position, size, and severity of defects on the tower and blades. It can identify lightning strikes, cracks, erosion and delamination as well as highlight anything out of the ordinary. The consistent data capture allows for long term analytics from data mining massive amounts of information to inform O&M decision making.