Search AbuDhabiPR.com

Home >> Business and Economy

Broaden Energy invests AED 1 billion to establish hydrogen equipment manufacturing complex in Abu Dhabi

Broaden Energy invests AED 1 billion to establish hydrogen equipment manufacturing complex in Abu Dhabi

Wednesday, December 11, 2024/ Editor -  

Share

Home >> Business and Economy
Abu Dhabi, 14 June 2024 — The Abu Dhabi Department of Economic Development (ADDED) announced today the signing of a Memorandum of Understanding (MoU) with Broaden Energy, a global leader in hydrogen energy solutions. Under this agreement, Broaden Energy will establish the first hydrogen equipment manufacturing complex in Abu Dhabi. This complex aims to support the goals of the Abu Dhabi Industrial Strategy (ADIS), advancing sustainability, developing value chains, and strengthening Abu Dhabi’s position as the region’s most competitive industrial hub.
The new manufacturing complex, with over AED 1 billion in investments, will serve as a cornerstone for the region’s hydrogen economy, creating new job opportunities and stimulating economic development and innovative industrial solutions.
ADDED and Broaden Energy will cooperate closely to ensure the project aligns with the strategic goals of the UAE National Hydrogen Strategy and the Net Zero 2050 Strategy. The UAE’s National Hydrogen Strategy aims to make it a top 10 producer of green hydrogen by 2031 with an output target of 1.4 million tonnes per year. The UAE also plans to establish hydrogen hubs to accelerate industry adoption of hydrogen, cultivating a supply chain and enabling infrastructure to attract global energy players.
By fostering the production of hydrogen equipment locally, the complex will enhance the country's energy infrastructure and position Abu Dhabi as a beacon of industrial excellence and technological innovation.
Eng. Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB), ADDED’s arm to develop and regulate the industrial sector, said: “We are proud to support Broaden Energy on pioneering this initiative, which marks an important step toward achieving our goals for Abu Dhabi’s industrial future. The hydrogen complex is central to ADDED’s efforts in supporting the UAE’s Net Zero 2050 targets through innovative solutions. Abu Dhabi’s thriving industrial sector places sustainability at the forefront of its activities and continues to attract investments in targeted industries.”
Mr. Adnan Sokolija, CEO of Broaden Energy, said “Establishing the first hydrogen equipment manufacturing complex in Abu Dhabi is a testament to our commitment to advancing renewable energy and supporting the UAE's strategic vision. We are excited to collaborate with ADDED to bring this groundbreaking project to life and contribute to a sustainable future.'
The MoU between ADDED and Broaden Energy will facilitate a continuous exchange of knowledge and research, with a focus on renewable energies and green hydrogen technologies. As an integral facet of Abu Dhabi’s ever-growing industrial sector, the collaboration aims to drive innovation, accelerate the adoption of clean energy solutions, and encourage efforts to combat climate change.
 

Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

UNICEF, A2RL & DCL Drone STEM Program Equip 100 UAE Students with Future-Ready S ...

Erth Abu Dhabi Successfully Concludes the Zayed Sports Tournament for Juniors 20 ...

Department of Government Enablement – Abu Dhabi promotes teamwork among governme ...

Casio unveils G-SHOCK Collaboration with BarbieTM

Emirates Franchise recognised by World Franchise Council as approved entity in U ...

NYU Abu Dhabi Researchers Develop New Simulated Moon Dust for Lunar Exploration

Etihad and ethiopian launch strategic joint venture and new flights between addi ...

Hotpack Global Commissions 2.2 MW Rooftop Solar Project at National Industries P ...

Statement by His Excellency Younis Haji AlKhoori, Undersecretary of the Ministry ...

Statement by His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for ...

Mercato Mall Celebrates Ramadan with an Exclusive Iftar, Heartfelt Giving, and a ...

IATA Welcomes Morocco's 'Airports 2030 Strategy'

Inaugural Dubai AI Week to feature third edition of ‘Machines Can See' summit as ...

HE Al Zeyoudi and HE Al Sayegh meet EU officials in Brussels, Strengthening trad ...

Abu Dhabi Government accelerates digital strategy with landmark Microsoft, G42 p ...

Tabreed and Dubai Holding Enter Agreement to Provide District Cooling to Palm Je ...

Abrahamic Family House honours winners of Eminence Ahmed El-Tayeb Mosque Quran C ...

Ignite Energy Access to establish global headquarters in Abu Dhabi

Sorbonne University Abu Dhabi in partnership with the Yas SeaWorld Research & Re ...

ADIO, Maqta Technologies Group collaborate with Etihad Cargo to enhance export b ...