Subscribe
بالعربي
Home » Broaden Energy & ADDED Sign MoU for Hydrogen Equipment Manufacturing Complex

Broaden Energy & ADDED Sign MoU for Hydrogen Equipment Manufacturing Complex

by Madaline Dunn

The Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MoU) with Broaden Energy, whereby Broaden Energy will establish the first hydrogen equipment manufacturing complex in Abu Dhabi.

The new manufacturing complex will see over AED 1 billion in investments, with the two parties reportedly set to cooperate closely to align the project with the strategic goals of the UAE National Hydrogen Strategy and the Net Zero 2050 Strategy.

The former aims to make the UAE a top ten producer of green hydrogen by 2031, with an output target of 1.4 million tonnes per year.

Further, under the MoU, the two parties will facilitate the exchange of knowledge and research, with a focus on renewable energies and green hydrogen technologies, it was shared.

Eng. Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB), ADDED’s arm to develop and regulate the industrial sector, commented: “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.”

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.”

You may also like

info@esgmena.com  | About Us | Careers | Privacy & Policy

 © 2024 ESG Mena