AFC Energy has signed an exclusive distribution agreement with Saudi Arabia's The Machinery Group LLC, trading as TAMGO, to distribute AFC Energy's hydrogen-fueled H-Power Generators in the Kingdom of Saudi Arabia and other MENA markets. TAMGO is an approved vendor for major infrastructure and mining projects in Saudi Arabia, including NEOM, Red Sea Global, and Qiddiya. The agreement covers the marketing and sale or lease of AFC Energy's generators in the industrial and off-grid power markets in Saudi Arabia and 16 other countries in the MENA region. TAMGO will provide local customer support and maintenance services for the generators. The rental power market in Saudi Arabia is valued at USD 1.6 billion in 2020 and is projected to reach USD 3.2 billion by 2030. The agreement builds on the initial Memorandum of Understanding signed between Altaaqa and AFC Energy in April 2021. AFC Energy, TAMGO, and the Zahid Group, TAMGO's parent company, have also agreed to assess investment in local Saudi manufacturing and scale-up capabilities in line with the "Saudi Made" certification program.