Home UAE Abu Dhabi Broaden Energy to set up Dhs1bn hydrogen equipment facility in Abu Dhabi The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with a production target of 1.4 million tonnes annually by Gulf Business June 16, 2024 Image: Getty Images The Abu Dhabi Department of Economic Development (ADDED) recently signed a key partnership with Broaden Energy, a global hydrogen energy solutions company. Under the Memorandum of Understanding (MoU), Broaden Energy will establish Abu Dhabi’s first hydrogen equipment manufacturing complex. The manufacturing complex, with more than Dhs1bn in investments, aligns closely with the objectives of the Abu Dhabi Industrial Strategy, aimed at enhancing sustainability, developing robust value chains, and enhancing the emirate’s industrial competitiveness. Partnership aligns with national hydrogen strategy ADDED and Broaden Energy will collaborate closely to ensure the project’s alignment with the UAE National Hydrogen Strategy and the Net Zero 2050 Strategy. The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with an ambitious production target of 1.4 million tonnes annually. Establishing hydrogen hubs will catalyse industry-wide adoption, enable a comprehensive supply chain and build essential infrastructure to attract global energy leaders. Image: Supplied Engineer Arafat Al Yafei, executive director of ADDED’s Industrial Development Bureau (IDB), emphasised the strategic importance of this initiative, saying it underscored “ADDED’s commitment to supporting the UAE’s Net Zero 2050 goals through innovative industrial solutions. Abu Dhabi’s robust industrial sector continues to prioritise sustainability and remains a magnet for targeted investments”. Adnan Sokolija, CEO of Broaden Energy said: “Establishing Abu Dhabi’s first hydrogen equipment manufacturing complex underscores our dedication to advancing renewable energy and supporting the UAE’s strategic vision. We look forward to partnering with ADDED to bring this transformative project to fruition and contribute to a sustainable future.” The MoU establishes a framework for continuous knowledge exchange and research collaboration, focusing on renewable energies and related technologies. Read: UAE updates energy strategy, to invest $54.5bn in renewables Tags Abu Dhabi Department of Economic Development Broaden Energy energy Green Hydrogen You might also like ENOC, Drive Terra to launch UAE’s largest battery swapping network ADNOC’s XRG, bp close deal to launch new natural gas JV Meet ARIF, ADNOC Distribution’s new investor relations chatbot ADNOC, PETRONAS finalise 15-Year LNG sales deal for Ruwais Project
