UAE’s ADDED Partners With Broaden Energy to Establish $272.2 Million Hydrogen Manufacturing Hub in Abu Dhabi

By June 14, 2024 3   min read  (480 words)

June 14, 2024 |

UAEs ADDED Partners With Broaden Energy to Establish 272

The new investment will create new job opportunities and stimulate economic development through innovative industrial solutions.

The Abu Dhabi Department of Economic Development (ADDED) has partnered with Broaden Energy to launch the first hydrogen equipment manufacturing complex in Abu Dhabi. The 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.

Investing in the hydrogen economy

This new manufacturing complex, with over AED1 billion ($272.2 million) in investments, will serve as a cornerstone for the region’s hydrogen economy. It will also create new job opportunities and stimulate economic development through innovative industrial solutions. ADDED and Broaden Energy will work closely to ensure the project aligns with the strategic goals of the UAE National Hydrogen Strategy and the Net Zero 2050 Strategy.

Becoming a top global hydrogen producer

The UAE’s National Hydrogen Strategy sets a goal of making the country a top 10 producer of green hydrogen by 2031, with a target output of 1.4 million tons 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. Additionally, by facilitating the local production of hydrogen equipment, the complex will enhance the country’s energy infrastructure and position Abu Dhabi as a center of industrial excellence and technological innovation.

Advancing Abu Dhabi’s industrial sustainability goals

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.”

Furthermore, Al Yafei added, “Abu Dhabi’s thriving industrial sector places sustainability at the forefront of its activities and continues to attract investments in targeted industries.”

Collaborative effort to drive sustainable future

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.”

Sokolija further added, “We are excited to collaborate with ADDED to bring this groundbreaking project to life and contribute to a sustainable future.”

Fostering knowledge exchange and innovation

Moreover, the partnership between ADDED and Broaden Energy will facilitate a continuous exchange of knowledge and research, with a focus on renewable energies and green hydrogen technologies. Additionally, as an integral part of Abu Dhabi’s growing industrial sector, this collaboration aims to drive innovation, accelerate the adoption of clean energy solutions, and encourage efforts to combat climate change.


SOURCE: Middle East Economy



Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks


Author FuelCellsWorks

More posts by FuelCellsWorks
error: Alert: Content is protected !!