Saudi Energy Company has raised its sustainability score to 68 points in S&P Global’s 2026 assessment, up 5% from 65 points a year earlier, underscoring the company’s continued integration of environmental, social and governance principles across its operations.
The score places Saudi Energy 66% above the global utility-sector average of 41 points, reflecting progress in incorporating sustainability into operational planning, investment decisions and institutional practices. The company’s approach centers on climate action, the circular economy and natural-resource management, employee and community engagement, and responsible governance built on stronger disclosure, transparency and compliance.
Sustainability Linked to Growth
The improvement comes as Saudi Energy expands its infrastructure and reports stronger operating results. During the first half of 2026, operating revenues rose 10.5% to 52.2 billion riyals, while net profit increased 7.5% to 6.7 billion riyals. The company also reported improved distribution reliability and customer satisfaction of 88%.
https://x.com/SaudiEnergy/status/2094157126935457997
Its financial position was further supported in July 2026, when Fitch and S&P maintained A+ ratings with stable outlooks, while Moody’s affirmed its Aa3 rating with a stable outlook.
Grid Investment, Storage Expansion
Saudi Energy invested approximately 38.7 billion riyals in capital expenditure during the first half of 2026, concentrating on transmission and distribution network expansion, renewable-energy integration and electricity-storage capacity. It commissioned five projects during the second quarter that added 10 GWh of battery storage, lifting its total battery energy storage capacity from 8 GWh to 18 GWh.
By the end of the first half, 17.8 GW of renewable capacity had been connected to the national grid. These investments are intended to make the electricity system more flexible and resilient while enabling larger volumes of variable renewable generation.
New Storage Agreements
The wider national storage push accelerated in August with four Battery Energy Storage System agreements worth around 4.35 billion riyals ($1.16 billion). The projects will also provide a combined 2,000 MW of capacity and 8 GWh of storage, supporting the integration of renewable power into the grid.
The initial group includes the Al-Muwayh and Hodn projects in Makkah Region and the Al-Kahfah project in Hail, each designed with a capacity of 500 MW for four hours. Separately, a Saudi Energy-led consortium signed three storage-services agreements with the Saudi Power Procurement Company for projects totaling 1,500 MW / 6,000 MWh in Makkah and Hail, with a reported value of about $867 million.
Vision 2030 Priorities
The company’s sustainability agenda is aligned with Saudi Vision 2030 and the Kingdom’s goal of increasing renewables to 50% of the power mix by 2030. By pairing grid investment with battery storage and renewable connections, Saudi Energy is seeking to meet growing electricity demand, strengthen supply security and reduce the environmental impact of power generation.
The 68-point sustainability score marks a further step in this transition, positioning Saudi Energy above the global utility benchmark while linking ESG performance to long-term investment in a cleaner and more reliable electricity system.
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