At the prestigious Milken Institute Conference in Los Angeles, USA, Alat, a pioneering company under the Public Investment Fund (PIF), made a groundbreaking announcement that is set to reshape the landscape of sustainable manufacturing. The company revealed the launch of two innovative business units – Electrification and AI Infrastructure – aimed at meeting the surging global demand for advanced energy technologies and bolstering the transition towards a sustainable future.
Electrification stands at the forefront of Alat’s strategic vision, aiming not only to enhance grid technology for robust and efficient use but also to embrace the exponential growth of electricity as a primary energy source. Leveraging Saudi Arabia’s abundant solar and clean energy resources, Alat is poised to develop cutting-edge solutions that will significantly contribute to global energy transition and industrial decarbonization. The Electrification unit will focus on transmission and distribution technologies, including the integration of renewable energy sources and the latest advancements in gas and hydrogen generation.
Meanwhile, the AI Infrastructure unit will spearhead the development of essential technologies to enable AI capabilities across industries. From network and communications equipment to data center storage and industrial edge servers, this unit aims to drive innovation in smart manufacturing and the creation of intelligent factories. By harnessing the power of AI alongside other Industry 4.0 technologies, Alat is poised to revolutionize manufacturing processes and accelerate the adoption of sustainable practices.
Amit Midha, Global CEO at Alat, expressed his enthusiasm for the new divisions, emphasizing their pivotal role in advancing Alat’s mission of fostering an advanced, sustainable future for industry. The launch of these business units comes at a time of unprecedented growth in the global electrification and AI infrastructure markets. With electrification poised to reach USD 172.9 billion by 2032 and the AI Infrastructure market projected to soar to US$460.5 billion by 2033, Alat is well-positioned to capitalize on these lucrative opportunities.
Furthermore, Alat’s commitment to sustainability extends beyond manufacturing to encompass energy-efficient computing and renewable energy integration. By leveraging renewable energy sources such as solar, wind, and hydroelectric power, Alat aims to mitigate the environmental impact of large-scale data processing and computing facilities. The company also recognizes the intersection between AI infrastructure and electrification efforts, particularly in transportation and grid optimization.
As a gold sponsor at the Milken Institute Conference, Alat solidifies its position as a leader in sustainable technology manufacturing. With nine business units dedicated to driving innovation and economic diversification in Saudi Arabia, Alat remains steadfast in its commitment to building a brighter, more sustainable future for generations to come.
