“In January, the Kingdom formally launched a new information, communication and technology fund worth $133 million in an attempt to pioneer new ventures. So given it is looking at new ideas, but has a long historical connection with energy it would be no surprise to see the Saudis looking for new energy industrial joint ventures.
A potential avenue that could be explored is that of Low Energy Nuclear Reactions or Lattice Enabled Nanoscale Reactions (LENR). This is a chemical/physical event where anomalous amounts of heat are generated when certain metals absorb hydrogen or deuterium and an external stimulus such as an electric current is directly applied. A potential partner for KSA to partner with is Industrial Heat LLC that was incorporated in 2012 and is based in Raleigh, North Carolina. This firm has already been granted the license to sell and manufacture energy catalysers “E-Cats” in Saudi Arabia. Therefore, I do not think it unreasonable to envisage the Saudis looking for partners to help start laying the groundwork for commercialisation of LENR within the Kingdom and for export overseas.” https://www.tradingfloor.com/posts/saudi-arabia-prepares-to-break-oil-wealth-dependency-7386201 <https://webmail.matcjv.com/owa/redir.aspx?REF=qL71jZq1uui_pXsvIpfpp3SAwQi6VoQcfFWmIRg_SurFChCbXmXTCAFodHRwczovL3d3dy50cmFkaW5nZmxvb3IuY29tL3Bvc3RzL3NhdWRpLWFyYWJpYS1wcmVwYXJlcy10by1icmVhay1vaWwtd2VhbHRoLWRlcGVuZGVuY3ktNzM4NjIwMQ..>
