9. ACWA Power
ACWA Power is a power, water desalination, and green hydrogen plant developer, investor, and operator, with operations in 13 countries. In 2021, it invested millions in in-house research and development as well as into acquiring and developing new technologies. It also announced the completion of the acquisition of the first group of assets for the $12 billion Jazan Integrated Gasification Combined Cycle Project. And 2022 was another year full of achievements for ACWA Power, as it launched 36 projects, covering renewables, desalination, green gases, zero-carbon energy systems, system integration, and digital technologies. The company’s innovations are focused on reducing the cost of reliably generating electricity, desalinated water, and green hydrogen. It is also constructing a green hydrogen plant to reduce the carbon emissions of a range of industrial processes and long-distance and heavy transportation.