Tag: PR Newswire

BEVERLY HILLS, Calif., March 2, 2026 /PRNewswire/ — Green Rain Energy Holdings Inc. (OTC: GREH) today announced that March 31, 2026, as the review and record date for the Company’s previously declared special stock dividend (pending customary FINRA approval).

“This special dividend underscores our commitment to shareholder value, market transparency, and long-term operational discipline,” said Alfredo Papadakis, Chief Executive Officer of Green Rain Energy Holdings Inc. “This is a shareholder‑first action and a clear signal of our continued focus on integrity and fair market engagement.”

The Company emphasized that the March 31 record date marks a significant milestone as Green Rain continues executing initiatives designed to strengthen its capital structure and reward long‑term investors.

The ESCO Model: A Bold, Scalable, No‑Debt, No‑Dilution Strategy

At the core of Green Rain Energy’s business is its Energy Service Company (ESCO) model — a structure that uniquely positions GREH within the renewable energy sector.

Unlike traditional renewable developers, which often rely on heavy debt loads, dilutive capital raises, or one‑time project fees, Green Rain’s ESCO strategy is built on:

• Performance‑based revenues • Long‑term shared savings with commercial partners • Incentive capture programs that maximize project profitability • No corporate debt and zero shareholder dilution

Under this approach, Green Rain engineers, deploys, and manages renewable energy systems — including EV charging infrastructure, solar assets, and energy‑efficiency upgrades — while sharing in the ongoing value created by reduced consumption and improved efficiency.

This model creates what the Company describes as:

“Sustainable growth with financial integrity.”

By combining engineering excellence with disciplined project financing, the ESCO structure enables Green Rain to:

• Build recurring cash flow
• Expand rapidly without raising debt
• Protect existing shareholders
• Generate predictable, utility‑backed returns
• Scale across hospitality, commercial real estate, and infrastructure markets

Green Rain believes this structure represents a new generation of public clean‑energy companies — those that scale responsibly while upholding transparency, regulatory alignment, and long‑term shareholder value.

About Green Rain Energy Holdings Inc. (OTC: GREH)

Green Rain Energy Holdings Inc. is a Wyoming‑based clean‑energy development company focused on renewable infrastructure through its subsidiaries Green Rain Solar Inc. and Green Rain Development. The Company’s mission is to accelerate the clean‑energy transition through scalable ESCO‑driven solutions, strategic partnerships, and unwavering commitment to compliance, accountability, and shareholder respect.

Visit: https://greenrainenergy.com/

Investor Relations: https://greenrainenergy.com/investor-relations/

Follow us on X (Twitter): https://x.com/GreenRainEnergy

Follow us on Facebook: https://www.facebook.com/profile.php?id=61580025893268&mibextid=wwXIfr

Follow us on Instagram: https://www.instagram.com/green.rain.energy/?igsh=MW9jY3g0MmZiaG5pNg%3D%3D&utm_source=qr#

Follow us on YouTube: https://www.youtube.com/@GreenRainEnergy

Forward Looking Statements:

This release contains forward-looking statements under Sections 27A and 21E of U.S. securities laws, subject to safe harbor provisions. These statements involve risks and uncertainties that could cause actual results to differ materially, including technical, permitting, or other challenges. Green Rain Energy assumes no obligation to update forward-looking statements except as required by law.

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SOURCE Green Rain Energy Holdings, Inc.

ESPOO, Finland, March 2, 2026 /PRNewswire/ — Metso Corporation and Loesche GmbH have signed a partnership agreement to introduce groundbreaking Metso Loesche VRM dry grinding technology for a wide range of minerals processing applications. The exclusive partnership combines Metso’s expertise in sustainable end-to-end minerals processing solutions and extensive service capabilities with Loesche’s Vertical Roller Mill technology to support the mining industry’s quest to gain efficiency through innovative technologies and redefined process flowsheet design.

“We are truly excited about the collaboration with Loesche. The launch of the Metso Loesche VRM dry grinding technology sets a new benchmark in sustainable comminution, delivering clear sustainability and efficiency gains to the mining industry. It significantly reduces energy consumption in one of the industry’s most power-intensive steps and lowers operating costs through simplified flowsheets and reduced wear part consumption,” said Bjorn Nielsen, Vice President, HPGR & Dry Grinding at Metso.

“Together with Metso, we are uniquely positioned to deliver significant value to the mining industry and support the shift towards more resource-efficient operations. VRM technology already has a proven track record with more than 2,400 references in cement and other industry applications worldwide, and we are excited to see it taken into use also in minerals processing, where it can provide substantial benefits,” said Stefan Baaken, Managing Director, Loesche Australia, Loesche GmbH.

The Metso Loesche VRM dry grinding technology is part of the Metso Plus offering. It can replace high-pressure grinding rolls (HPGR), horizontal mills in primary and secondary applications and tertiary stirred mill applications, while at the same time simplifying the process and bringing savings in energy consumption and operating costs. Downstream processes benefit from improved mineral liberation and steeper particle size distribution. Also, advanced flow sheets incorporating coarse particle flotation, magnetic separation or other coarse beneficiation technologies can be facilitated, further reducing or even eliminating water consumption if fully dry processes are feasible.

Discover more about Metso Loesche VRM technology on our website. More information about Loesche GmbH is available on their website. Additionally, we invite you to attend the VRM webinar scheduled for Thursday, March 5, 2026, at 15:00 – 16:00 EET. Please access the event through the registration link.

Further information:
Metso Media Desk, tel. +358 20 482 1930, email: media(at)metso.com

Photo – https://mma.prnewswire.com/media/2922168/Metso_VRM.jpg
Logo – https://mma.prnewswire.com/media/2922167/Metso_Logo.jpg

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SOURCE Metso Oyj

JAIPUR, India, March 2, 2026 /PRNewswire/ — Genus Power (NSE: GENUSPOWER) (BSE: 530343), India’s leading end-to-end energy measurement and advanced metering solutions provider, has crossed a significant milestone of over 26 million smart meter deployment worldwide, reinforcing its position as a trusted technology and execution partner for utilities worldwide.

A key driver of this global milestone has been Genus Power’s leadership role in India’s national grid modernization programme, where the company has now successfully achieved the milestone of installation of over 10 million smart meters as the leading AMI Service Provider. This large-scale execution experience across complex, multi-year utility programmes provides Genus with a strong foundation to replicate similar outcomes with utilities globally entering first-and second-phase smart meter rollouts.

With over three decades of experience, Genus Power is among the foremost Advanced Metering Infrastructure (AMI) service providers, offering an integrated portfolio of smart electricity, gas and water meters, communication systems, proprietary Head End Systems (HES), Meter Data Management (MDM) platforms, and utility-grade mobile applications. These solutions enable remote monitoring, real-time analytics, demand response, and data-driven grid optimisation, supporting utilities in improving operational efficiency and customer service.

Genus’ innovation capability is anchored in India through a strong R&D ecosystem, recognised by the Government of India, and manufacturing comprising six fully integrated production facilities across Jaipur, Haridwar, Guwahati and Kotputli, with a combined annual manufacturing capacity exceeding 18 million meters. Equipped with automated SMT lines, precision moulding and advanced testing infrastructure, these facilities ensure high–quality, internationally compliant smart meters delivered at scale. Through its operations and partner ecosystem, Genus supports over 16,000 direct and indirect jobs across its value chain.

Beyond India, Genus has established a growing international footprint across Africa, the Middle East, Southeast Asia, the Pacific region and SAARC markets, working closely with utilities and system integrators to deliver reliable, scalable and standards–compliant AMI solutions tailored to diverse regulatory and climatic conditions. Backed by a 550+ strong R&D and software engineering team, Genus delivers true end–to–end lifecycle solutions globally.

Genus is also embedding AI-led initiatives across its manufacturing, deployment, and AMI operations to enhance productivity, forecasting accuracy and decision–making, while developing advanced analytics platforms to support loss detection, billing efficiency and asset performance management.

Commenting on the landmark milestone, Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power, said, “Crossing 26 million smart meter deployment globally is more than a scale achievement; it is a testament to the trust placed in Genus by utilities across continents. As power systems transition worldwide toward digital, data–driven grids, our mission is to enable this shift with reliable hardware, intelligent software, and proven execution capability. From India’s largest smart metering programs to diverse international markets; Genus remains committed to being the long–term technology partner of choice for utilities seeking scalable, and future–ready smart metering solutions.”

With a robust capability to deliver projects across Capex, Opex, and Totex business models; Genus Power is well positioned to be a long–term partner for utilities accelerating smart grid adoption worldwide.

For more information visit- https://genuspower.com/

Logo: https://mma.prnewswire.com/media/2454998/Genus_Logo.jpg

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SOURCE Genus Power Infrastructures Limited

SHANGHAI, March 1, 2026 /PRNewswire/ — WuXi Biologics (2269.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO), announced it has been included in the S&P Global Sustainability Yearbook 2026 (“Yearbook”) in recognition of its strong performance in the 2025 Corporate Sustainability Assessment (CSA). The company was ranked top in its industry and achieved a Top 1% S&P Global CSA Score, marking the fourth consecutive year that WuXi Biologics has received this highest level of distinction.

The Yearbook aims to highlight individual companies — within a range of industries — that have demonstrated strong corporate sustainability performance, based on their S&P Global 2025 CSA Score. Out of the over 9,200 companies assessed in the 2025 CSA, only 848 companies, across 59 industries, were recognized as the top performers and selected for inclusion in Yearbook 2026.

Dr. Chris Chen, WuXi Biologics CEO and Chairman of the ESG Committee, commented, “Our strong performance in S&P Global’s latest CSA and our inclusion in the Yearbook for the fourth consecutive year reflect WuXi Biologics’ steadfast commitment to continuously enhancing our sustainability performance. We are a proven global leader in Green CRDMO, consistently delivering ESG excellence, enabling partners worldwide to fulfill their ESG commitments, and jointly working with all stakeholders to promote responsible practices throughout the entire value chain.”

As a participant of the United Nations Global Compact (UNGC) and the Pharmaceutical Supply Chain Initiative (PSCI), WuXi Biologics proactively advocates sustainability and has earned widespread recognitions for its efforts. The company was granted an MSCI AAA Rating; awarded an EcoVadis Platinum Medal; listed in the Dow Jones Sustainability Indices (DJSI); named to the CDP “A List” for Climate Change,Water Security, and Supplier Engagement Assessment; given the highest negligible-risk rating by Sustainalytics, and recognized as a Sustainalytics industry and regional ESG top-rated company for five consecutive years; selected as a Constituent of the FTSE4Good Index Series; listed in the Hang Seng ESG 50 Index; and rated as Prime by ISS ESG Corporate Rating.

About WuXi Biologics

WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide.

With over 12,000 skilled employees in China, the United States, Ireland, Germany, Singapore and Qatar, WuXi Biologics leverages its technologies and expertise to provide customers with efficient and cost-effective biologics discovery, development and manufacturing solutions. As of December 31, 2025, WuXi Biologics is supporting 945 integrated client projects, including 74 in Phase III and 25 in commercial manufacturing.

WuXi Biologics views Environmental, Social, and Governance (ESG) responsibilities as an integral component of our ethos and business strategy, and we aim to become an ESG leader in the biologics CRDMO sector. Our facilities use next-generation biomanufacturing technologies and clean-energy sources. We have also established an ESG committee led by our CEO to steer the comprehensive ESG strategy and its implementation, enhancing our commitment to sustainability.

For more information about WuXi Biologics, please visit: www.wuxibiologics.com 

Contacts
ESG
esg@wuxibiologics.com 

Media
PR@wuxibiologics.com 

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SOURCE WuXi Biologics

Save Exuma Alliance says the case tests how The Bahamas applies modern marine protections as luxury tourism expands

EXUMA, Bahamas, March 1, 2026 /PRNewswire/ — As 159 countries mark World Seagrass Day on March 1, The Bahamas’ Supreme Court is facing the first critical test of this country’s 2019 environmental protection laws with local citizens saying the outcome of the case involving a proposed Rosewood resort by Miami-based Yntegra Group that calls for dredging of coral reefs and acres of seagrass will impact future resort development and could change the face of the Exumas forever.

Members of the Save Exuma Alliance (SEA), a pro-economic development coalition of local citizens and businesses that make up the bulk of Central Exuma’s small but thriving commercial activity, expressed concern that in addition to dredging the current plan would introduce an industrial shoreline and infrastructure into an area now frequented by thousands of visitors annually for swimming, snorkeling and other recreational activities.

The Judicial Review is challenging the Certificate of Environmental Clearance (CEC) granted by The Bahamas government for Rosewood Exuma, which neighboring eco-resorts say was granted improperly. Specific components of concern regarding the Rosewood Exuma proposal developed by Yntegra Group include:

• Dredging in shallow, clear waters that are actively used for boating, swimming, snorkeling and diving, permanently erasing the character and ecology of the bay that includes a 15-acre seagrass prairie and extensive marine life including sea turtles, thriving coral reefs and a conch nursery
• Industrial dock construction and marine service traffic in a shared recreational area, shifting the shoreline from “open water experience” to “commercial shipping lane”
• A development layout that concentrates a supply ship dock, fuel storage, garbage storage, sewage treatment and power generators in the most visible, high-use waters and shoreline areas, where environmental impacts and conflicts with neighboring uses are hardest to avoid

“Big Sampson Cay is the kind of place Exuma built its reputation on,” said Eric Carey, CEO of ONE Consultants and former executive director of the Bahamas National Trust, on behalf of SEA. “These waters are part of Exuma’s identity and its economy. If Yntegra’s dredging reshapes the bay and industrial systems move to the shoreline, you don’t get the original place back. The question is whether our environmental protections mean what they say when a high-profile resort plan puts those waters at risk.”

The Judicial Review is the first major test of those protections, recently created by new environmental laws in The Bahamas will be enforced in the case of resort plans like that by Yntegra Group, which relies heavily on dredging and industrial marine infrastructure.

The Alliance maintains that the conflict is not inevitable. SEA, supported by coastal development experts, has outlined practical adjustments that would eliminate dredging in North Bay, relocate service docks to existing deep-water access on the southern side of the island and move fuel and back-of-house operations away from the northern shoreline.

“These are practical revisions,” the Alliance said. “They would remove the environmental flashpoint, reduce long-term operational risk and allow responsible development to proceed without permanent damage to shared waters.”

If the current plan proceeds unchanged, SEA said implications extend beyond one cay.

“This decision will signal whether large-scale coastal projects in The Bahamas can prioritize judgment over spectacle,” the Alliance said. “It will clarify the expectations placed on developers operating in environmentally sensitive marine environments and hold Yntegra Group accountable for a plan that threatens both the marine environment and the tourism economy it supports.”

For more information, visit saveexumaalliance.org.

Media Contact:
Brian Price
bprice@drivepathadvisors.com
906-458-9781

View original content to download multimedia:https://www.prnewswire.com/news-releases/court-review-of-rosewood-exuma-plan-puts-spotlight-on-yntegra-groups-development-model-302700285.html

SOURCE Save Exuma Alliance

Save Exuma Alliance says the case tests how The Bahamas applies modern marine protections as luxury tourism expands

EXUMA, Bahamas, March 1, 2026 /PRNewswire/ — As 159 countries mark World Seagrass Day on March 1, The Bahamas’ Supreme Court is facing the first critical test of this country’s 2019 environmental protection laws with local citizens saying the outcome of the case involving a proposed Rosewood resort by Miami-based Yntegra Group that calls for dredging of coral reefs and acres of seagrass will impact future resort development and could change the face of the Exumas forever.

Members of the Save Exuma Alliance (SEA), a pro-economic development coalition of local citizens and businesses that make up the bulk of Central Exuma’s small but thriving commercial activity, expressed concern that in addition to dredging the current plan would introduce an industrial shoreline and infrastructure into an area now frequented by thousands of visitors annually for swimming, snorkeling and other recreational activities.

The Judicial Review is challenging the Certificate of Environmental Clearance (CEC) granted by The Bahamas government for Rosewood Exuma, which neighboring eco-resorts say was granted improperly. Specific components of concern regarding the Rosewood Exuma proposal developed by Yntegra Group include:

• Dredging in shallow, clear waters that are actively used for boating, swimming, snorkeling and diving, permanently erasing the character and ecology of the bay that includes a 15-acre seagrass prairie and extensive marine life including sea turtles, thriving coral reefs and a conch nursery
• Industrial dock construction and marine service traffic in a shared recreational area, shifting the shoreline from “open water experience” to “commercial shipping lane”
• A development layout that concentrates a supply ship dock, fuel storage, garbage storage, sewage treatment and power generators in the most visible, high-use waters and shoreline areas, where environmental impacts and conflicts with neighboring uses are hardest to avoid

“Big Sampson Cay is the kind of place Exuma built its reputation on,” said Eric Carey, CEO of ONE Consultants and former executive director of the Bahamas National Trust, on behalf of SEA. “These waters are part of Exuma’s identity and its economy. If Yntegra’s dredging reshapes the bay and industrial systems move to the shoreline, you don’t get the original place back. The question is whether our environmental protections mean what they say when a high-profile resort plan puts those waters at risk.”

The Judicial Review is the first major test of those protections, recently created by new environmental laws in The Bahamas will be enforced in the case of resort plans like that by Yntegra Group, which relies heavily on dredging and industrial marine infrastructure.

The Alliance maintains that the conflict is not inevitable. SEA, supported by coastal development experts, has outlined practical adjustments that would eliminate dredging in North Bay, relocate service docks to existing deep-water access on the southern side of the island and move fuel and back-of-house operations away from the northern shoreline.

“These are practical revisions,” the Alliance said. “They would remove the environmental flashpoint, reduce long-term operational risk and allow responsible development to proceed without permanent damage to shared waters.”

If the current plan proceeds unchanged, SEA said implications extend beyond one cay.

“This decision will signal whether large-scale coastal projects in The Bahamas can prioritize judgment over spectacle,” the Alliance said. “It will clarify the expectations placed on developers operating in environmentally sensitive marine environments and hold Yntegra Group accountable for a plan that threatens both the marine environment and the tourism economy it supports.”

For more information, visit saveexumaalliance.org.

Media Contact:
Brian Price
bprice@drivepathadvisors.com
906-458-9781

View original content to download multimedia:https://www.prnewswire.com/news-releases/court-review-of-rosewood-exuma-plan-puts-spotlight-on-yntegra-groups-development-model-302700285.html

SOURCE Save Exuma Alliance

HARBIN, China, March 1, 2026 /PRNewswire/ — As a vanguard of China’s power equipment industry, Harbin Electric Corporation (HE) is accelerating the development of new power systems centered on green and low-carbon vision. As China’s first state-owned enterprise for exporting large-scale power units, HE has been proactively participating in the Belt and Road cooperation as a “Messenger of Light”, contributing to global sustainable growth through technological innovation.

HE has offered its clean energy solutions to over 50 countries and regions around the world. In South America, the Minas San Francisco Hydropower Project in Ecuador serves as a cornerstone of the Pacific water system, significantly optimizing the local energy structure. In the Middle East, the Hassyan Clean Energy Project sets a benchmark for regional energy diversification and low-carbon transition through its advanced multi-fuel capabilities and rigorous international standards of environmental protection.

Furthermore, HE’s H-class gas turbine units in Pakistan—the first of its kind in Asia—have set global records for efficiency, construction quality, and deployment speed in heavy-duty gas turbine technologies.

HE has made remarkable progress in expanding its shares in high-end global markets with leveraging its advantages in digital twin technologies, AI-driven smart operations, and strategic layouts in hydrogen energy and large-scale energy storage, which also helps drive the industry toward a zero-carbon future. From “Made in China” to “Intelligent Manufacturing in China”, HE provides the world with high-efficiency equipment while contributing a robust “China Power” to the global fight against climate change through comprehensive, low-carbon energy solutions.

About Harbin Electric Corporation (HE):

As the cradle of China’s power equipment industry, HE remains committed to innovation-driven growth. By delivering full-chain solutions spanning hydro, nuclear, and wind power, as well as integrated energy services, HE leads the global industry towards a sustainable, carbon-neutral future.

YouTube Link: https://youtu.be/DSec-6551bw

View original content to download multimedia:https://www.prnewswire.com/news-releases/how-china-drives-global-green-energy-transition-through-intelligent-manufacturing-302700379.html

SOURCE Harbin Electric Corporation

• Dr. Samir J. Serhan named CEO effective today by Acwa Board of Directors.
• Dr. Serhan was previously President of Saudi Arabia and the Middle East at Acwa, and formerly Chief Operating Officer of US-based Air Products.
• Marco Arcelli, CEO of Acwa since March 2023, remains as an advisor to the Chairman of the Board of Directors to ensure a smooth transition.

RIYADH, Saudi Arabia, March 1, 2026 /PRNewswire/ — Acwa, the world’s largest private water desalination company, a leader in energy transition, and a first mover into green hydrogen, announced the appointment of Dr. Samir J. Serhan as chief executive officer effective March 1, 2026. In line with the natural progression of executive leadership terms and Acwa’s disciplined governance framework, the Board of Directors of the Saudi-listed company made this appointment as part of a planned and structured leadership transition and succession process overseen by the company’s Board Nomination and Remuneration Committee. The Board and the former CEO Marco Arcelli agreed to implement the planned succession process to ensure continuity and stability. The company’s long-term direction remains unchanged.

Since joining Acwa last year as President of Saudi Arabia and Middle East, Dr. Serhan has worked closely with the leadership team and is fully prepared to assume this new responsibility. Previously Dr. Serhan was chief operating officer of the US-based company Air Products where he had global responsibility for the company’s operational business and project execution with P&L accountability for the Americas, Asia, Europe, Africa, the Middle East, and India. He also led functions including technology, global engineering, manufacturing, and equipment at Air Products. Earlier in his career he was president, Hydrogen for Praxair. For 14 years prior, he worked for the Linde Group in leadership positions in the US and Germany, culminating in his role as managing director, Linde Engineering. Dr. Serhan brings more than three decades of global leadership experience across large-scale industrial and infrastructure organizations, with a strong track record in driving operational transformation, strengthening institutional capability, and delivering disciplined and profitable growth in complex, capital-intensive environments.

Mohammad Abunayyan, Founder and Chairman of the Board of Directors of Acwa, said: “Acwa stands today as a Saudi national champion and a global leader in renewable energy, water desalination, and green hydrogen, and our position continues to strengthen. We are grateful for Marco’s leadership in advancing Acwa’s strategy and accelerating our growth trajectory. This structured leadership transition reflects the strength of our governance and the maturity of our business platform. Our strategic direction remains clear and unchanged. We are pleased to welcome Dr. Samir Serhan to his new role as CEO of Acwa.”

Dr. Samir J. Serhan, the incoming CEO of Acwa, said: “Every day affords us new opportunities to help our customers and meet pressing energy and water needs around the world. I’m honored to lead Acwa at a pivotal moment as the company accelerates profitable global growth in renewable energy, water desalination, and green hydrogen solutions — including advancing green hydrogen to decarbonize heavy industries — to deliver scalable, sustainable impact worldwide. I look forward to working with our talented Acwa teams around the globe to build on the progress we have achieved and shape the next chapter of our journey.”

Marco Arcelli, the outgoing CEO of Acwa, said: “Over the past three years, Acwa’s portfolio has doubled in size, and we are on track to double it again by 2030, scaling both our footprint and our impact. Acwa now produces around 25% of the world’s desalinated seawater. We have expanded into new markets, including Azerbaijan, China, Kuwait, and Senegal, while advancing energy export opportunities from Saudi Arabia, and cementing our leadership in green molecules. What we have achieved reflects the scale of our ambition, the discipline of our execution, the dedication of our people, and the trust of our partners.”

Acwa supports energy and water security as well as supply reliability, which are priorities that are fundamental to economic resilience and community wellbeing worldwide. Today, Acwa provides clean drinking water for nearly 34 million people and power for almost 76 million people every day.

About Acwa

Acwa (TADAWUL: 2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, Acwa employs over 4,000 people and is currently present in 15 countries in the Middle East, Africa, Central Asia, and Southeast Asia. Acwa’s portfolio comprises 111 projects in operation, advanced development, or under construction with an investment value of SAR 430 billion (USD 114.8 billion) and the capacity to generate 93 GW of power (of which 52 GW is renewables) and manage 9.3 million m3/day of desalinated water. This energy and water are delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.

Learn more: www.acwapower.com

View original content:https://www.prnewswire.com/news-releases/acwa-board-of-directors-names-dr-samir-j-serhan-chief-executive-officer-302700348.html

SOURCE ACWA

• Dr. Samir J. Serhan named CEO effective today by Acwa Board of Directors.
• Dr. Serhan was previously President of Saudi Arabia and the Middle East at Acwa, and formerly Chief Operating Officer of US-based Air Products.
• Marco Arcelli, CEO of Acwa since March 2023, remains as an advisor to the Chairman of the Board of Directors to ensure a smooth transition.

RIYADH, Saudi Arabia, March 1, 2026 /PRNewswire/ — Acwa, the world’s largest private water desalination company, a leader in energy transition, and a first mover into green hydrogen, announced the appointment of Dr. Samir J. Serhan as chief executive officer effective March 1, 2026. In line with the natural progression of executive leadership terms and Acwa’s disciplined governance framework, the Board of Directors of the Saudi-listed company made this appointment as part of a planned and structured leadership transition and succession process overseen by the company’s Board Nomination and Remuneration Committee. The Board and the former CEO Marco Arcelli agreed to implement the planned succession process to ensure continuity and stability. The company’s long-term direction remains unchanged.

Since joining Acwa last year as President of Saudi Arabia and Middle East, Dr. Serhan has worked closely with the leadership team and is fully prepared to assume this new responsibility. Previously Dr. Serhan was chief operating officer of the US-based company Air Products where he had global responsibility for the company’s operational business and project execution with P&L accountability for the Americas, Asia, Europe, Africa, the Middle East, and India. He also led functions including technology, global engineering, manufacturing, and equipment at Air Products. Earlier in his career he was president, Hydrogen for Praxair. For 14 years prior, he worked for the Linde Group in leadership positions in the US and Germany, culminating in his role as managing director, Linde Engineering. Dr. Serhan brings more than three decades of global leadership experience across large-scale industrial and infrastructure organizations, with a strong track record in driving operational transformation, strengthening institutional capability, and delivering disciplined and profitable growth in complex, capital-intensive environments.

Mohammad Abunayyan, Founder and Chairman of the Board of Directors of Acwa, said: “Acwa stands today as a Saudi national champion and a global leader in renewable energy, water desalination, and green hydrogen, and our position continues to strengthen. We are grateful for Marco’s leadership in advancing Acwa’s strategy and accelerating our growth trajectory. This structured leadership transition reflects the strength of our governance and the maturity of our business platform. Our strategic direction remains clear and unchanged. We are pleased to welcome Dr. Samir Serhan to his new role as CEO of Acwa.”

Dr. Samir J. Serhan, the incoming CEO of Acwa, said: “Every day affords us new opportunities to help our customers and meet pressing energy and water needs around the world. I’m honored to lead Acwa at a pivotal moment as the company accelerates profitable global growth in renewable energy, water desalination, and green hydrogen solutions — including advancing green hydrogen to decarbonize heavy industries — to deliver scalable, sustainable impact worldwide. I look forward to working with our talented Acwa teams around the globe to build on the progress we have achieved and shape the next chapter of our journey.”

Marco Arcelli, the outgoing CEO of Acwa, said: “Over the past three years, Acwa’s portfolio has doubled in size, and we are on track to double it again by 2030, scaling both our footprint and our impact. Acwa now produces around 25% of the world’s desalinated seawater. We have expanded into new markets, including Azerbaijan, China, Kuwait, and Senegal, while advancing energy export opportunities from Saudi Arabia, and cementing our leadership in green molecules. What we have achieved reflects the scale of our ambition, the discipline of our execution, the dedication of our people, and the trust of our partners.”

Acwa supports energy and water security as well as supply reliability, which are priorities that are fundamental to economic resilience and community wellbeing worldwide. Today, Acwa provides clean drinking water for nearly 34 million people and power for almost 76 million people every day.

About Acwa

Acwa (TADAWUL: 2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, Acwa employs over 4,000 people and is currently present in 15 countries in the Middle East, Africa, Central Asia, and Southeast Asia. Acwa’s portfolio comprises 111 projects in operation, advanced development, or under construction with an investment value of SAR 430 billion (USD 114.8 billion) and the capacity to generate 93 GW of power (of which 52 GW is renewables) and manage 9.3 million m3/day of desalinated water. This energy and water are delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.

Learn more: www.acwapower.com

View original content:https://www.prnewswire.com/news-releases/acwa-board-of-directors-names-dr-samir-j-serhan-chief-executive-officer-302700348.html

SOURCE ACWA

• Dr. Samir J. Serhan named CEO effective today by Acwa Board of Directors.
• Dr. Serhan was previously President of Saudi Arabia and the Middle East at Acwa, and formerly Chief Operating Officer of US-based Air Products.
• Marco Arcelli, CEO of Acwa since March 2023, remains as an advisor to the Chairman of the Board of Directors to ensure a smooth transition.

RIYADH, Saudi Arabia, March 1, 2026 /PRNewswire/ — Acwa, the world’s largest private water desalination company, a leader in energy transition, and a first mover into green hydrogen, announced the appointment of Dr. Samir J. Serhan as chief executive officer effective March 1, 2026. In line with the natural progression of executive leadership terms and Acwa’s disciplined governance framework, the Board of Directors of the Saudi-listed company made this appointment as part of a planned and structured leadership transition and succession process overseen by the company’s Board Nomination and Remuneration Committee. The Board and the former CEO Marco Arcelli agreed to implement the planned succession process to ensure continuity and stability. The company’s long-term direction remains unchanged.

Since joining Acwa last year as President of Saudi Arabia and Middle East, Dr. Serhan has worked closely with the leadership team and is fully prepared to assume this new responsibility. Previously Dr. Serhan was chief operating officer of the US-based company Air Products where he had global responsibility for the company’s operational business and project execution with P&L accountability for the Americas, Asia, Europe, Africa, the Middle East, and India. He also led functions including technology, global engineering, manufacturing, and equipment at Air Products. Earlier in his career he was president, Hydrogen for Praxair. For 14 years prior, he worked for the Linde Group in leadership positions in the US and Germany, culminating in his role as managing director, Linde Engineering. Dr. Serhan brings more than three decades of global leadership experience across large-scale industrial and infrastructure organizations, with a strong track record in driving operational transformation, strengthening institutional capability, and delivering disciplined and profitable growth in complex, capital-intensive environments.

Mohammad Abunayyan, Founder and Chairman of the Board of Directors of Acwa, said: “Acwa stands today as a Saudi national champion and a global leader in renewable energy, water desalination, and green hydrogen, and our position continues to strengthen. We are grateful for Marco’s leadership in advancing Acwa’s strategy and accelerating our growth trajectory. This structured leadership transition reflects the strength of our governance and the maturity of our business platform. Our strategic direction remains clear and unchanged. We are pleased to welcome Dr. Samir Serhan to his new role as CEO of Acwa.”

Dr. Samir J. Serhan, the incoming CEO of Acwa, said: “Every day affords us new opportunities to help our customers and meet pressing energy and water needs around the world. I’m honored to lead Acwa at a pivotal moment as the company accelerates profitable global growth in renewable energy, water desalination, and green hydrogen solutions — including advancing green hydrogen to decarbonize heavy industries — to deliver scalable, sustainable impact worldwide. I look forward to working with our talented Acwa teams around the globe to build on the progress we have achieved and shape the next chapter of our journey.”

Marco Arcelli, the outgoing CEO of Acwa, said: “Over the past three years, Acwa’s portfolio has doubled in size, and we are on track to double it again by 2030, scaling both our footprint and our impact. Acwa now produces around 25% of the world’s desalinated seawater. We have expanded into new markets, including Azerbaijan, China, Kuwait, and Senegal, while advancing energy export opportunities from Saudi Arabia, and cementing our leadership in green molecules. What we have achieved reflects the scale of our ambition, the discipline of our execution, the dedication of our people, and the trust of our partners.”

Acwa supports energy and water security as well as supply reliability, which are priorities that are fundamental to economic resilience and community wellbeing worldwide. Today, Acwa provides clean drinking water for nearly 34 million people and power for almost 76 million people every day.

About Acwa

Acwa (TADAWUL: 2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, Acwa employs over 4,000 people and is currently present in 15 countries in the Middle East, Africa, Central Asia, and Southeast Asia. Acwa’s portfolio comprises 111 projects in operation, advanced development, or under construction with an investment value of SAR 430 billion (USD 114.8 billion) and the capacity to generate 93 GW of power (of which 52 GW is renewables) and manage 9.3 million m3/day of desalinated water. This energy and water are delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.

Learn more: www.acwapower.com

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SOURCE ACWA