Acwa Power Co (Acwa Power), is primarily engaged in the development, investment, and operation of power generation and desalinated water plants. The company offers electricity and potable water. Acwa Power also offers operation and maintenance services to the power and water desalination industry.

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Acwa Power delivered a comprehensive R&D and innovation program in FY2025, focusing on foundational capabilities and strategic, scale-driven breakthroughs. The company advanced innovation in renewable-powered desalination, green hydrogen, large-scale long-duration energy storage, and autonomous plant operation. These efforts were supported by strong foundational R&D in technology discovery, pilot testing, digitalization, and operational performance improvement. The initiatives led to tangible gains in energy efficiency, reduced chemical consumption, increased automation, and improved availability, enhancing the resilience of operations. By integrating early-stage R&D, digital innovation, and real-world deployment, Acwa Power Co ensured competitiveness, scalability, and long-term value creation across its portfolio. The R&D unit of Acwa Power includes in-house R&D, engineering, and digital technicians. This unit is responsible for managing the company's R&D activities, including identifying, assessing, and piloting emerging technologies, developing and refining performance and optimization models, and strengthening system-level integration across desalination, PV, BESS, and hydrogen platforms. As of December 2025, Acwa Power filed 39 new patents and ran 59 live innovation projects in 2025. The company engaged in 10 global collaborations and awarded 35 technologies. The official inauguration of the Innovation Center in Shanghai, featuring an R&D center and green energy laboratory, was a significant development. In FY2025, the company incurred an expense of SAR147 million on its R&D activities, which stood at 2% of the company’s total revenue.