Three new companies specialising in clean energy technology have joined the UAE’s NextGenFDI programme, an initiative aimed at attracting global digitally enabled businesses to launch and scale in the country.
Launched by the UAE Ministry of Economy (MoE) in 2022, the programme offers businesses fast-track incorporation and visa issuance, alongside immediate access to financial services.
This week, it was announced that three companies specialising in storage and generation solutions—Enerflow, HyGreen Energy, and Enpower Greentech—have joined the NextGenFDI programme.
Enerflow is a specialist in vanadium flow battery technology, working on lengthening the lifecycles of rechargeable batteries used in clean-energy storage, while Chinese electrolyser manufacturer HyGreen Energy is developing water electrolysis hydrogen equipment for various industries, including steel and petrochemicals.
The third company to join the initiative is San Jose-headquartered Enpower Greentech, which specialises in solid-state batteries (ASSBs) developed in collaboration with global automotive OEMs and eVTOL companies.
“The three new members to the NextGen FDI programme have each developed pioneering solutions that align with the UAE’s vision for a sustainable, low-carbon future. Their involvement in NextGenFDI underscores our commitment to support strategic investment into high-impact technologies and clean-energy solutions in particular. This will not only support the expansion and growth of these enterprises, it will enhance the clean-tech sector in the UAE as a whole and confirm our status as a global leader sustainability and innovation,” said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, as reported by WAM.