Rapid acceleration in innovation in virtual and augmented reality (VAR) space is quickly bridging the digital and physical worlds to deliver tangible and significant applications across diverse industries. GlobalData, a leading data and analytics company, identifies VAR as a leading innovation driven technology and has picked top startups in VAR space with high probability of becoming unicorns. 

GlobalData’s Technology Innovation Intensity (TII) tracks the pace of innovation in a technology using key alternative datasets such as deals and patents and as per the framework VAR ranks in top-15 innovation-led technologies set to have meaningful impact across industries.

 Adarsh Jain, Director of Financial Markets at GlobalData, says: “Virtual and augmented reality has seen a rapid surge in patent grants over the last 2-3 years with elevated interest from venture capital investors. These are solid innovation fundamentals for future evolution and adoption of the technology, and GlobalData sees this reflecting in the VAR ecosystem bringing out innovative products at a rapid pace.”

For instance, almost a fifth of Facebook employees are working on AR / VR tech, and CEO Mark Zuckerberg is betting AR/VR to be the next major computing and social media platform to enable ‘being present with people in digital space’. Terming it metaverse, Facebook is looking to enable people to hangout, play games with friends, work, create and more within this digital realm and planning to launch its first smart glass from Ray-Ban in partnership with EssilorLuxottica to enable such activities.

GlobalData's Startup Scorecard uses a proprietary scoring mechanism to rank each startup on innovation, investments, and market presence while GlobalData’s AI-based unicorn prediction model helps predict potential start-ups 3-5 years in advance.

Some of the VAR start-ups in GlobalData’s list of potential unicorns include Avegant, Blippar.com and Varjo.

California-based Avegant counts Intel Capital and Applied Ventures among its investors. With a strong patent portfolio covering its light field technology, the company is already in the process of scaling up its next generation, immersive, screenless video headsets in diverse fields ranging from product design and engineering to entertainment and healthcare.

UK-based Blippar.com has made a niche for itself in developing AR content for consumer retail industry. Backed by Qualcomm Ventures, BlippAR has developed key intellectual property in building full stack AR applications for both web and mobile environments. Its proprietary BlippBuilder platform is used by leading marketing campaign designers.

Varjo, a Finland-based start-up, recently introduced reality cloud platform bringing the users closer to ‘teleportation’ experience. Counting Volvo and EQT Ventures among its investors, the company has built a strong tech portfolio of over 100 patents. Already testing the European market for its high-end VR headsets, the company is inching closer towards making Sci-fi dream come true.

Mr Jain concludes: “Falling hardware and software costs, ubiquity of mobile devices and continued innovation will enable VAR to have transformative impact across sectors in the future and GlobalData therefore believes that companies need to embrace VAR as the technology of the future”

Please login to GlobalData’s webinar on 05 August 2021 to learn more.

• Quotes are provided by Adarsh Jain, Director of Financial Markets at GlobalData
• The information is based on GlobalData’s Disruptor Intelligence Center 
• This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts

About GlobalData’s Disruptor IC

GlobalData’s Disruptor decodes emerging tech-enabled opportunities with must-have information on promising start-ups, technology led innovations, latest sector trends, strategic partnerships, consumer insights, and venture capital portfolio investments among others.

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

Mondi, a leading global packaging and paper manufacturer, is rolling out a comprehensive portfolio of corrugated packaging solutions for the online grocery market across Central Europe. Using its wealth of experience in eCommerce packaging, Mondi has created clever new solutions for the diverse needs of grocery retailers who can now deliver a variety of goods, from perishable food to wine bottles in fit-for-purpose packaging. All boxes in the eGrocery portfolio are fully recyclable and meet customers' requirements of sustainability, cost efficiency and product protection.

• Seven new packaging solutions meet the growing demand for online grocery (eGrocery) delivery services
• Sustainable eGrocery portfolio offers a packaging solution for a range of delivery channels including click & collect to local or nationwide deliveries
• Innovative designs offer retailers fully recyclable, efficient and convenient packaging options

Mondi’s latest eGrocery packaging solutions follow the successful introduction of its BCoolBox in March and its VinoBoxes in May. Grocery retailers can choose from Mondi’s expanded portfolio of seven sustainable corrugated packaging solutions for all kinds of grocery pick-up and delivery options, such as click & collect, local deliveries via retailers' own vehicle fleets or long-distance deliveries via third-party carriers. The boxes can be adapted to be used by small and large scale retailers.

“The Covid-19 pandemic has boosted the popularity of online grocery shopping, especially in our Central European markets. Our customers in the retail grocery sector are quickly adapting to growing consumer demand for pick-up and delivery options. We pride ourselves in developing smart, fit-for-purpose packaging to meet our customers’ needs, which is why we’re rolling out these efficient, sustainable solutions designed for a variety of delivery methods and styles,” says Armand Schoonbrood, Chief Operating Officer Corrugated Solutions at Mondi.

Mondi’s latest eGrocery packaging solutions include:

Pick&ShipBox – a one-pack solution for all channels. It adapts to multiple requirements and offers convenience features such as easy lifting and opening.

PantryBox – for quick and easy filling and closing. It is strong, stackable, and suitable for carrier shipping or click & collect.

RecipeBox – for doorstep delivery of fresh produce and groceries. It has an integrated lid and optional holes for better ventilation.

EatsBox – for smaller local deliveries by bike or scooter. It is lightweight and offers a quick filling option.

Click&LoadBox – for click & collect of mixed grocery orders. It has handles for loading into cars and carrying home.

Click&EnjoyBox – for holiday, gift or seasonal promotion packs. It has compartments for tall products like bottles, with an easy handle carrier.

Click&CarryBox – for heavier mixed orders, providing strength and stability. It has an integrated handle for easy carrying.

“Mondi's action plan MAP2030 has ambitious sustainability commitments over the next ten years including a target to make 100% of our products reusable, recyclable or compostable by 2025. This expansion of our eGrocery portfolio is another example of how we want to drive real change and support retailers to use sustainable packaging solutions that keep materials in circulation and prevent waste. Whether near or far, fragile glass containers or perishable vegetables, our eGrocery portfolio offers efficient and protective packaging solutions,” concludes Schoonbrood.

About Mondi

Mondi is a global leader in packaging and paper, contributing to a better world by making innovative packaging and paper solutions that are sustainable by design. Our business is integrated across the value chain – from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is at the centre of our strategy and intrinsic in the way we do business. We lead the industry with our customer-centric approach, EcoSolutions, where we ask the right questions to find the most sustainable solution. In 2020, Mondi had revenues of €6.66 billion and underlying EBITDA of €1.35 billion.

Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.

www.mondigroup.com

Upwing Energy, an artificial lift technology company, will present a paper on high-speed magnetic technology solutions for downhole machinery at the 2021 Offshore Technology Conference (OTC). 

The paper, entitled “Development of a Passive Magnetic Radial Bearing System for Electrical Submersible Pumps (ESPs),” describes Upwing’s recent work in adapting its passive magnetic bearing technology for conventional ESPs.  

Research reveals that Upwing’s radial bearing technology can greatly enhance ESP performance and reliability. The contact-less passive magnetic bearing system does not require lubrication, can operate with large clearances to allow free fluid flow, is fully sealed from the environment, has virtually no bearing rotating losses and has no operational life limits. 

The paper was co-authored by Patrick McMullen, David Biddick and Herman Artinian of Upwing Energy.  

Upwing Energy will exhibit at OTC in Booth 2151, showcasing its range of artificial lift technology solutions to overcome liquid loading and boost production from all well types. Upwing’s unique technologies leverage permanent magnet motors to engineer “protector-less” and “no-physical contact” downhole rotating devices using magnetic fields.  OTC is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. Celebrating 50 years since 1969, OTC’s flagship conference is held annually at NRG Park (formerly Reliant Park) in Houston. The event is sponsored by 13 industry organizations and societies, who work cooperatively to develop the technical program. OTC also has multiple endorsing and supporting organizations. 

About Upwing Energy 

Upwing Energy, Inc. (“Upwing”), headquartered in Cerritos, Calif., provides the most reliable, available and retrievable artificial lift technology that increases the production and recovery of hydrocarbons from conventional and unconventional wells. The company is an innovative offshoot of Calnetix Technologies, which is a recognized leader in high-speed rotating systems for a wide variety of industries.  

There were 40 generation equipment contracts announced in the North America region in Q2 2021, marking a drop of 27% over the last four-quarter average of 55, according to GlobalData’s power industry contracts database.

Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q2 2021 with 89 contracts and a 44.3% share, followed by Power Plant with 41 contracts and a 20.4% share and Generation Equipment with 40 contracts and a 19.9% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

1. Supply & Erection: 27 contracts and a 67.5% share
2. Repair, Maintenance, Upgrade & Others: 12 contracts and a 30% share
3. Project Implementation: one contract and a 2.5% share.

Solar is top technology for North America generation equipment contracts in Q2 2021

Looking at generation equipment contracts by the type of technology in the North America region, solar accounted for 13 contracts with a 32.5% share, followed by thermal with 12 contracts and a 30% share and wind with nine contracts and a 22.5% share.

North America generation equipment contracts in Q2 2021: Top issuers by capacity

The top issuer of generation equipment contracts for the quarter in terms of power capacity involved in North America was: Concord Pacific Developments (Canada) with 106MW from one contract.

North America generation equipment contracts in Q2 2021: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved in North America was: Gp Joule Canada (Canada) with 106MW from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

EnerMech has announced that Daniel McCarthy has joined the company as its strategic proposals director to help accelerate its planned growth across the business.

Mr McCarthy started his 18-year career in the oil and gas, engineering and construction sector at Kentz, which was later acquired by SNC-Lavalin in 2015. In his most recent role, he was responsible for overseeing the company’s pursuit of large-scale projects in the Americas, as well as leading all its major global construction proposals. During his tenure, he built up a successful track record of supporting rainmaker deals being secured.

Daniel McCarthyMr McCarthy’s performance history also includes winning high-value projects in North and South America, the Caribbean, Europe and the Middle East, as well as managing and developing multi-discipline tender teams to ensure proposals meet all health, safety and quality requirements.

Based in the United Kingdom, Mr McCarthy will be instrumental in building on recent successes with a key focus on devising and implementing best-in-class procedures for cross-regional, complex proposals. His focus on large-scale tenders will also see Mr McCarthy align the company’s technical expertise across its global locations to deliver proposals across the energy and infrastructure sectors.

EnerMech is a global services company specialising in critical asset support across the asset lifecycle from pre-commissioning to decommissioning. The group is headquartered in Aberdeen, UK and has 40 facilities in 23 countries.

The business has experienced a strong performance in 2021 and secured contracts totalling £170 million in the first quarter of the year including substantial downstream projects in Africa and the US and a second award for its unique patented catalyst handling technology.

Mr McCarthy said: “EnerMech is a forward-thinking company with vision, energy and purpose, and I am very excited to be joining the business and supporting its next stage of international growth.

“When bidding for new business across multiple countries and sectors, there is a myriad of different requirements, nuances and complexities involved in the tendering process. The team at EnerMech are incredibly experienced in addressing these challenges and have won a significant number of important and large-scale contracts as a result, despite the recent downturn and coronavirus pandemic. My role will concentrate on developing new methodologies and efficiencies across our tendering process and working closely with our existing and prospective clients to ensure a collaborative process throughout, allowing us to build a strong understanding our customers’ requirements.”

Behzad Kazerani, chief business development officer at EnerMech added: “Daniel’s appointment underlines the company’s commitment to building a world-class senior team to support our overarching global ambitions.

“We have added a number of key contract wins to our books since the start of the year including a five-year contract with Chevron in Australia. And, as awareness has increased of our extensive capabilities and in-house resources to support this scale of opportunity, we are submitting a growing number of new, exciting large scope tenders from new clients in new territories. Daniel’s insight will help to advance our teams and their ability to deliver proposals that strike the right chord.”

Formed in April 2008, EnerMech provides specialist integrated mechanical, electrical, instrumentation and integrity services to the international energy and infrastructure sectors, from pre-commissioning through operations and maintenance and late-life support/decommissioning.  

The business is focused on offering a safer, more customer-focused, responsive service at lower cost, while delivering a much greater level of engineering and technical support than competitors can offer. In December 2018, EnerMech was acquired by The Carlyle Group, the NASDAQ listed global asset manager.  

EnerMech specialises in providing integrated supply, operations, maintenance and engineering solutions in its core services of Cranes and Lifting, Electrical and Instrumentation, Equipment Rental, Hydraulic products and services, Industrial Services, Process, Pipeline and Umbilicals (PPU), Maintenance and Integrity Services, Training and Valve supply and services. 

The group is headquartered in Aberdeen with bases in Great Yarmouth, Bristol (UK); Stavanger, Houston, Pasadena, Sulphur, Casper, Williston (USA),  Guyana, Trinidad, Mexico, Abu Dhabi, Iraq, Qatar, Saudi Arabia, Azerbaijan, Kazakhstan, Singapore; Perth, Melbourne, Sydney, Brisbane, Darwin, Gladstone, Chinchilla (Australia); Malaysia, China, South Korea, India, Ghana, Nigeria, Angola and South Africa. 

www.enermech.com

Ultimate in corrosion protection for the cold water basin

Baltimore Aircoil Company (BAC) highlights the TriArmor® Corrosion Protection System which provides the best corrosion and leak protection for the cold water basin at the best value. For over 20 years, thousands of cooling towers, fluid coolers and condensers with the TriArmor® System have withstood the harshest environments, proving its durability and reliability. This patented system designed specifically for evaporative cooling equipment for HVAC, Industrial, and Refrigeration applications is now backed by an industry leading 10-year warranty. 

The TriArmor® System offers three layers of protection, starting with G-235 Galvanized Steel, the heaviest commercially-available galvanized steel. Universally recognized for its strength and durability, it offers excellent service life under normal operating conditions, with proper maintenance and water treatment. The second layer is a Thermosetting Hybrid Polymer baked onto the galvanized steel to create a durable barrier. This polymerized coating has been tested to withstand 6,000 hours in a 5% salt spray without blistering, chipping, or losing adhesion. The third layer, a Polyurethane Barrier, is a factory-applied, corrosion-resistant, impermeable coating that ensures a seamless basin. To help ensure leak-free longevity, microscopic chains of rubber-like resin molecules permanently bond tightly with one another and the thermosetting hybrid polymer. These three layers of protection form a bond for the ultimate in corrosion resistance and leak protection.

In addition to real-world testing over the past two decades, the TriArmor® Corrosion Protection System has also been subjected to a series of rigorous corrosion tests including an acid test (pH=4), an alkaline test (pH=11), a chloride level test, and a 5% salt spray test. Basins also endured heavy impact testing. Remarkably, there were no penetrations left in basins protected by the TriArmor® System. These tests all conclusively demonstrate that the TriArmor® System is superior to stainless steel.

Protection of the cold water basin is the easiest way to extend the life of evaporative cooling equipment. As long as the basin is in good condition, nearly every other part of the equipment can be repaired or replaced. For more information on the TriArmor® Corrosion Protection System, visit http://www.BaltimoreAircoil.com/TriArmor.

About Baltimore Aircoil Company 

With over 80 years of industry-leading innovation and experience, BAC creates cutting-edge cooling equipment for the HVAC, Industrial, and Refrigeration marketplaces. We solve customers’ unique needs with our expertise and wide range of high-performance systems. BAC leverages the power of evaporative cooling by optimizing the balance of water and energy, but the true BAC difference lies in our absolute commitment to creating sustainable solutions and delivering value to our customers. For more information about Baltimore Aircoil Company, visit www.BaltimoreAircoil.com. 

For a major water supplier in England, Riventa have been monitoring a hydro-turbine to see if its maximum possible electrical output was being maintained.

At a key site, river water is pumped to a break tank at the top of a hill, from where it can either overflow or run down the hill to a large reservoir below - or be directed to a hydro-turbine with the same outfall.  Riventa were tasked with monitoring the efficiency of the turbine in question – a fixed speed machine (1016 rpm) that operates without any human intervention. Using inlet guide vanes, its load is controlled via flow rate modulation.

Riventa’s FREEFLOW hardware and software system was installed to show immediately whether a proposed change was effective or not. The system also tracked any savings associated with a change and the financial consequences of it.

Based on little or no capital investment, Riventa identified savings pa of £11,000 - $15,000 pa

Originally rated with a best efficiency of 84%, the maximum detected was 82%. However, the turbine was found to spend less than 10% of its time above 80%.

• Significant differences in power generated for the same flow rate were also observed. For example, at 925l/s, the power generated varied between 185-260kW, showing an efficiency variation of 58-82% - thus demonstrating instances when 40% more power was generated for the same flow rate.
• Working closely alongside its customer, Riventa looked at how to schedule the turbine for the best return within the operational constraints of the overall water network. In highlighting whether scheduling changes were effective or not, the FREEFLOW system provided real-time tracking of any savings associated with a specific change.

• The turbine was found to operate at an annualised average of 73% efficiency, but if increased to 80% this would translate to at least £11,000 ($15,000) per year savings – based on little or no capital investment.

Steve Barrett, Managing Director for Riventa, commented: “This is a good example of how we can help identify opportunities to maximise output from a hydro application – with the same technology that we bring to pump and blower installations to help improve efficiencies, create energy savings and prolong the lifetime of assets”.

www.riventa.com

+44 (0) 1872 260005

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Fairbanks Scales Inc., the oldest scale company in the U.S. and the world’s leader in weighing equipment, announces its new 2000 Series Weigh-In-Motion (WIM) Railroad Track, targeted to dramatically increase productivity and eliminate occupational safety hazards.

Each 2000 Series WIM Scale is shipped with a Fairbanks FB400 Instrument that meets all NTEP and AAR requirements. The FB400 is easy to operate and continuously reports through a user-friendly PC web interface that features customizable user preferences. Scale data integration into most customer ERP systems is possible. Individual ERP compatibility is determined during the project’s discovery and quoting process.

The 2000 Series WIM Scale design has tremendous advantages for rail scale operators looking to safely save time and money. The above ground modular design allows for easy maintenance and accessibility. Weighing the cars in motion will save immense amounts of time vs. static weighing and improve your processing capabilities. Combining the proven reliability of a 2000 Series rail scale with the advanced weighing capabilities of the In-Motion system provide a superior weighing experience.

Fairbanks’ heavy-duty rail scale rocker column load cells feature a true hermetic seal at its cable entry point and is constructed of 100 percent stainless steel. The heart of the 2000 Series WIM Railroad Track Scale, this robust, fully electronic load cell has delivered reliable, accurate weighments for decades in the most demanding rail applications. It features air-tight moisture protection, an industry leading IP69K enclosure rating, and Armour Guard stainless cable jacketing to protect its conductors

Beyond new scale installations, Fairbanks can now also convert existing static scales into an In-Motion system, utilizing existing equipment as much as possible to save time and money during installation. Our Fairbanks Sales team will review the existing site and customize a proposal for exactly what you need to get weighing quicker.

To learn more about the new WIM scale, visit https://fairbanks.com.

About Fairbanks Scales

Founded in 1830, Fairbanks Scales has become the leader in the industrial weighing market by creating and manufacturing an unrivaled range of weighing equipment solutions. From bench, parcel, counting, floor, and truck scales to animal, railroad track, and a full range of specialty scales, Fairbanks Scales has a reputation for being the most agile and attentive industrial weighing partner in the business. Headquartered in Overland Park, KS, the company is also uniquely positioned to provide services for non-weighing products based on its nationwide contingent of technicians who can provide preventive maintenance and consistent, reliable service. To request more information or to find the Fairbanks representative or authorized distributor nearest you, please call (800) 451-4107, or visit www.fairbanks.com.

If it has to be right…It has to be Fairbanks!

Dimerco, a global logistics specialist with an Asia Pacific focus, has completed a complex project to ship 200+ tons of printed circuit board (PCB) equipment from Stuttgart, Germany to Jiangsu Province, China with ITG Air & Sea GmbH, its joint venture company. The size and sensitivity of the oversized PCB equipment required Dimerco to oversee customized packing and fastening for freighter loading, and identify scheduled flights able to accommodate the cargo. 

A spokesperson for Dimerco explained, “Most airlines are not able to handle this size of cargo, with pieces ranging from 3 to 9 meters in either length, width or height. Because scheduled flights have been limited due to the global pandemic, these challenges might have led other transportation providers to opt for more costly chartered flights. Dimerco leveraged its long-term strategic partnerships with selected airlines to provide the most cost-effective solution, securing space on four scheduled freighters from Luxembourg Airport to Shanghai Pudong International Airport.” 

Dimerco shipping experts requested technical drawings from the customer to ensure the cargo would fit into the freighter at the customer’s warehouse. They then followed through with the airlines to book the first available flights once the cargo was packed and ready to go. 

Dimerco coordinated loading of the cargo onto a truck at the PVG airport.

The oversized freight also required advance arrangements for local compliance at destination, including an application for large cargo unloading at the airport warehouse. Dimerco also arranged a crane to reduce risk during cargo movement and accelerate final leg delivery to the customer.  

According to Dimerco’s spokesperson, the company won this global bid against other major freight forwarders based on the customer’s previous experience with Dimerco. He concluded: 

“Dimerco has worked with this customer since 2020. We are recognized for our timely status updates and quick response to special requirements. Once again, we have demonstrated our ability to handle oversized equipment, with a safe, seamless and cost-effective solution.” 

Middle East and Africa power industry contracts activity in Q2 2021 saw 106 contracts announced, marking a rise of 15% over the last four-quarter average of 92, according to GlobalData’s power database.

Middle East and Africa power industry contracts in Q2 2021: Saudi Arabia leads activity

Looking at contracts by country, Saudi Arabia led the activity in Q2 2021 with 24 contracts and a share of 22.6%, down 4.3% over the previous quarter and up 85% when compared with the last four-quarter average, followed by the United Arab Emirates with 11 contracts and a share of 10.4% and Iran with nine contracts and a share of 8.5% during the quarter.

Looking at the last four-quarter average, Saudi Arabia held the top spot with 13 contracts, followed by the United Arab Emirates with seven and Egypt with seven contracts.

Solar is top technology area for contracts in Q2 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 42 contracts and a 60.9% share, followed by thermal with 13 contracts and an 18.8% share and hydro with five contracts and a 7.2% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, T&D Project was the most popular segment in Middle East and Africa power contracts activity during Q2 2021, with 30 contracts, followed by Power Plant (28) and Generation Equipment (23).

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

• Project Implementation: 39 contracts and a 36.8% share
• Supply & Erection: 25 contracts and a 23.6% share
• Consulting & Similar Services: 20 contracts and an 18.9% share
• Power Purchase Agreement: 14 contracts and a 13.2% share
• Repair, Maintenance, Upgrade & Others: eight contracts and a 7.5% share.

Power contracts in Q2 2021: Top issuers by capacity

The top issuers of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

• Saudi Power Procurement (Saudi Arabia): 2,970MW from seven contracts
• Ministry of Electricity, Iraq (Iraq): 2,000MW from one contract
• ACWA Power International (Saudi Arabia) and The Saudi Public Investment Fund (Saudi Arabia): 1,500MW capacity from one contract.

Power contracts in Q2 2021: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

• Abu Dhabi Future Energy (United Arab Emirates): 2,600MW from three contracts
• ACWA Power International (Saudi Arabia): 2,500MW from four contracts
• Larsen & Toubro (India): 1,800MW capacity from two contracts.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.