SDX Energy has announced that it has signed a memorandum of understanding (MoU) with Aleph New Energies to explore and develop projects in the alternative energy sector.

According to SDX’s statement, the parties will consider any projects related to alternative energy such as alternative/noble gases, energy infrastructure, solar, geothermal technologies, energy storage, gas and carbon storage and waste to power.

As part of the partnership, SDX and ANE will work together to provide technical and commercial support to identify and develop projects. Additionally, ANE will provide the financing for such projects.

On this occasion, SDX’S Executive Chairman Jay Bhattacherjee, commented: “We are delighted to announce this joint venture between SDX and Aleph New Energies.  This is the first step in SDX’s move to become a true energy transition company, focused on delivering shareholder returns. SDX will utilise its in-country expertise, market position and infrastructure to increase its revenue stream by offering additional products to its existing customers and attracting new ones. Aleph New Energies brings considerable industrial, market and financial knowledge and capability, and the combination of our respective skills positions us well to address attractive market opportunities.”