Noon Energy, Sabanci Renewables target 1 GW clean power

Noon Energy and Sabanci Renewables have announced a joint agreement to co-develop clean energy projects using Noon Energy’s ultra-long duration storage for AI infrastructure.

• The companies will co-develop ultra-LDES projects combining Noon Energy’s reversible electrofuels battery systems with Sabanci Renewables’ renewable portfolio to deliver 100% renewable, 24/7/365 energy.
• The collaboration targets up to 1 GW of capacity, with projects structured as PPAs or capacity offtake agreements for systems up to 1 GW (100 GWh) and potential commercial deployment beginning as early as 2027.
• Sabanci Climate Ventures, an investor in Noon Energy and sister company of Sabanci Renewables, enabled the planned collaboration; Sabanci Renewables also said it is targeting a 3 GW renewable portfolio in the U.S. over the next 5 years.
• Noon Energy says it has raised more than $45 million in venture capital and government grants from investors including At One Ventures, Emerson Collective, Clean Energy Ventures, Aramco Ventures, Prime Impact Fund, Elemental Impact, Sabanci Climate Ventures, D3 Jubilee, and the California Energy Commission.