RIYADH: The Industrialization and Energy Services Company, also known as TAQA, has formed a strategic alliance with Iceland’s Reykjavik Geothermal to explore and identify opportunities for geothermal projects in Saudi Arabia. The alliance will also see both companies working together on geothermal projects such as designing, drilling, constructing, monitoring, and managing geothermal wells. The strategic alliance was announced during PetroEnvironmnet Conference and exhibition 2022 on May 17. “Partnering with RG, the best in class and internationally recognized company in the geothermal, baseload and clean/renewable energy fields is an important step to realizing TAQA2021 strategy,” said Khalid Nouh, CEO of TAQA. RG CEO Magnús Ásbjörnsson said: “We first came to the Kingdom over a decade ago with a vision of bringing clean, reliable baseload energy to the Kingdom, and in TAQA we have found a partner that aligns with our vision.” Founded in 2008, Reykjavik Geothermal currently has seven projects — two in construction and five in development, with offices in the US and Ethiopia. According to the company website, its mission is to generate clean and dependable geothermal energy around the world.