PART II:WILL THE ENERGY REVOLUTION KEEP THE LIGHTS ON?

In a discussion about the energy revolution, the focus is on the impact of carbon prices and volatility on private investment, particularly in the context of green hydrogen production. The conversation highlights Saudi Arabia's role in driving down costs through large-scale projects, leveraging abundant renewable resources, land, and desalinated water. The integration of renewable energy into electrical systems is emphasized, with a need for storage solutions and interconnections to manage intermittency. The potential for interconnections between Saudi Arabia and Europe is explored, offering stability and security to the energy system. The discussion also touches on the feasibility of desalination techniques being exported to Europe, addressing water scarcity issues. The vision presented is one of interdependence and partnerships, balancing sovereignty with collaboration.