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Arctech Lands 1.5GW Solar Project Order in the UAE
Jan 03, 2025•over 1 year ago
Contract Type
contract
KunshanEnergyOil And GasRenewable Energy
Description
Arctech has signed a 1.5GW order with PowerChina for a solar project in Al Ajban, UAE, in line with the 'UAE Energy Strategy 2050' to provide zero-emission clean energy. The project is expected to significantly advance green development and facilitate energy transition in the Middle East.
Company Information
Company
Arctech
Location
Kunshan, Jiangsu, China
About
A former Senator Vance Hartke, from the coal fields in Indiana had characterized our coal biotechnology business model akin to genius of John D. Rockefeller and Thomas Edison approach of fostering new ideas into practically applied and cost competitive innovation of possibilities. Our integrated approach of making energy and non-energy products allows for producing 20-40X more profitable revenues from a ton of coal than the current approaches of its use. It follows Rockefellerâs business model he fostered for higher sulfur oil discovered in Ohio to make kerosene and asphalt. Oil companies continue to capitalize on this model with the use of technologies to make myriad of energy and non-energy products even during wide fluctuating oil prices. Even today 70% of oil costs less than $10 per barrel. A myriad of coal technologies developed since the 1973 oil embargo has been unable to compete with when oil prices came down with artificially set production quotas. Our technology approach offers to overcome this barrier. Oil and gas continue to be geopolitical challenges as some have it some do not. Whereas coal is available on all continents and harnessing it with our technology can become an equalizer and geopolitical stability.
KunshanEnergyOil And GasRenewable Energy