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Renewables
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Green hydrogen is pure hydrogen produced using renewable energy sources such as wind or solar power.
UAE gives new push for green hydrogen Slava Kiryushin and Joshua Coleman-Pecha, DWF (Middle East) LLP discuss about the launch of the Abu Dhabi Hydrogen Alliance and what it means for the region.
The UAE aims to boost Abu Dhabi's green hydrogen capabilities and pursue its targets for carbon reduction and development of a hydrogen economy.
N 18 JANUARY 2021, Mubadala Investment Company (Mubadala) and Siemens Energy (Siemens) signed a Memorandum of Understanding (MoU) to explore and investigate commercial opportunities in clean energy and green hydrogen. The stated aim of the MoU and the alliance is to establish Abu Dhabi as a global hub for lowcarbon fuels. The MoU has two, specific, strategic aims: • to boost Abu Dhabi's green hydrogen capabilities, as the United Arab Emirates (UAE) pursues its targets for carbon reduction and development of a hydrogen economy. Once the technology is established the hope is that it can be sold to international markets; and • channel investment into the development of advanced technology for the manufacturing of equipment and synthetic fuel production. It is anticipated that Abu Dhabi will provide a suitable venue for the production
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Technical Review Middle East - Issue Two 2021
and sale of synthetic fuels and green hydrogen. Once the business case for production is established, the hope is that the project will attract investment to develop additional facilities and fund further research. Once the technology is proven, green hydrogen will be supplied/sold to global markets. Certainly, financial projections in respect of green hydrogen are encouraging. Aurora Energy Research suggests that the hydrogen market could be a US$140bn industry in Europe by 2050. McKinsey estimates that the hydrogen market will reach this value in the United States by 2030 and approximately 700,000 American jobs could be supported by the hydrogen industry.
Developing green hydrogen technology The first step in the UAE will be to construct a demonstration plant at Masdar City. Masdar, the renewable energy company, is www.technicalreview.me
