Saudi Electricity Company (SEC) has signed an agreement with Electricity Company of France (EDF) for the establishment of Research Laboratory of Concept Grid and a cooperation agreement in the field of innovations. According to the latter agreement, an innovation incubator will be established to benefit from the experiences of the French side in this field, transfer the necessary technologies to develop the incubator, and support the creative ideas of national cadres in the field of electric power industry. The two agreements were signed by SEC Chief Executive Officer Engineer Ziad Bin Mohammed Al- Sheha and Chairman of Board of Directors and EDF Group Chief Executive Officer Jean-Bernard Levy.