Siemens Energy to Drive Green Hydrogen in Middle East
Siemens Energy and Abu Dhabi state-owned global investment firm Mubadala Investment Company signed a Memorandum of Understanding on 17 January
Siemens Energy and Abu Dhabi state-owned global investment firm Mubadala Investment Company signed a Memorandum of Understanding on 17 January with the intention of creating a strategic partnership to drive investment and development of advanced technology, manufacture of equipment, and green hydrogen and synthetic fuel production. The initial focus of activity will be in Abu Dhabi and over time it is planned that this will be extended to other international markets. Within the partnership the companies will work closely towards the following goals:
Utilizing renewable energy to produce green hydrogen and derivatives, including synthetic fuels, providing clean and transportable energy to fuel new hydrogen-based ecosystems that are supplied from the UAE
Establish Abu Dhabi as a world class player in green hydrogen and synthetic fuels.
Jointly advance technology and drive down the costs of green hydrogen and synthetic fuels production
Enable Siemens Energy and Mubadala to access emerging hydrogen markets and create value for both parties
The first initiative under this agreement and the broader Abu Dhabi Hydrogen Alliance will be the consideration of a demonstrator plant located at Masdar City, to be developed under a specific agreement between Siemens Energy and Masdar, together partners.
Together with Masdar, one of the world’s leading renewable energy companies, Siemens Energy announced that it is joining forces with the Abu Dhabi Department of Energy, Etihad Airways, German Lufthansa, Marubeni Corporation and Khalifa University on an ambitious project that will help pave the way for the development of the UAE’s green hydrogen economy.
The organizations signed an MoU with the intent to establish a photovoltaic powered electrolyzer facility, to demonstrate state-of-the-art green hydrogen production technology and present sustainable fuel use cases.
The first phase of the demonstration program will focus on the production of green hydrogen for passenger cars and buses in the Masdar City area. In parallel, a kerosene synthesis plant will be built to convert the majority of the green hydrogen into sustainable aviation fuel. In the second phase of the program, the production of decarbonized fuels for the maritime sector will be explored. Through the program, the organizations involved can help to significantly reduce the UAE’s carbon footprint, create domestic demand for sustainable fuels, and establish a local knowledge and industry base for their production.