A joint venture (JV) between UL and GCC Electrical Testing Company (GCC Lab) has been formalised, with both parties signing a partnership agreement on the sidelines of the Saudi-US CEO Forum in New York.
First announced in September last year, the JV between the global safety science organisation and the Saudi Arabia-headquartered GCC Lab aims to establish the GCC Laboratory for Renewable Energy Services, to be based in Damman.
The partnership will also work towards boosting efforts in the Kingdom and the wider Middle East region to diversify energy sources by establishing institutes for research and development, qualifying national cadres, and developing technical specifications and standards, Saudi Press Agency reported.
GCC Lab is a start-up laboratory designed to serve the electrical equipment testing requirements, including renewables, in the GCC and its neighbouring countries.
It was formed by 10 companies operating in the fields of energy. These companies are Saudi Aramco, Saudi Electricity Company, Public Investment Fund, GCC Interconnection Authority, King Fahd University of Petroleum and Minerals, Motabaqah Company, ACWA Power Company, AlFanar Company, Electrical Industries Company, and Electrical and Mechanical Services Company.