Broaden Energy And ADDED Signs MoU For Hydrogen Equipment Manufacturing Complex

Facebook
Twitter
LinkedIn
Broaden Energy And ADDED Signs MoU For Hydrogen Equipment Manufacturing Complex In Abu Dhabi wherein Broaden Energy invests AED 1bln to build it. This complex aims to support the goals of the Abu Dhabi Industrial Strategy (ADIS), advancing sustainability, developing value chains, and strengthening Abu Dhabiโ€™s position as the regionโ€™s most competitive industrial hub.
Broaden Energy And ADDED Signs MoU For Hydrogen Equipment Manufacturing Complex In Abu Dhabi. Image courtesy: ADDED

The Abu Dhabi Department of Economic Development (ADDED) recently announced the signing of a Memorandum of Understanding (MoU) with Broaden Energy, a global leader in hydrogen energy solutions. ย 

Broaden Energy And ADDED Signs MoU For Hydrogen Equipment Manufacturing Complex In Abu Dhabi.

According to Industry sources, under this agreement, Broaden Energy will establish the first hydrogen equipment manufacturing complex in Abu Dhabi. This complex focuses on to support the goals of the Abu Dhabi Industrial Strategy (ADIS), advancing sustainability, developing value chains, and strengthening Abu Dhabiโ€™s position as the regionโ€™s most competitive industrial hub.

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

According to Industry sources, the latest manufacturing complex, with over AED 1 billion in investments, will take center stage for the regionโ€™s hydrogen economy, producing job opportunities and triggering economic development and innovative industrial solutions.

Eng. Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB)

Eng. Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB), ADDEDโ€™s arm to develop and regulate the industrial sector, commented: โ€œWe are proud to support Broaden Energy on pioneering this initiative, which marks an important step toward achieving our goals for Abu Dhabiโ€™s industrial future. The hydrogen complex is central to ADDEDโ€™s efforts in supporting the UAEโ€™s Net Zero 2050 targets through innovative solutions. Abu Dhabiโ€™s thriving industrial sector places sustainability at the forefront of its activities and continues to attract investments in targeted industries.โ€

Mr. Adnan Sokolija, CEO of Broaden Energy, stated โ€œEstablishing 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.”

Industry sources further confirmed that the recent MoU between ADDED and Broaden Energy will facilitate an enduring exchange of knowledge and research, with complete aim on renewable energies and green hydrogen technologies. As an integral facet of Abu Dhabiโ€™s ever-growing industrial sector, the partnership focuses on to drive innovation, accelerate the adoption of clean energy solutions, and encouraging efforts to combat climate change.

Industry sources further confirmed that 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 UAEโ€™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.

Source

Share.

RELATED POSTS

ADNOC is accelerating its integrated global gas growth strategy
ADNOC Unveils Project to Boost Natural Gas Production
Embraer and Mubadala Investment Company today signed a Strategic Framework Agreement at the Farnborough International Airshow. Image courtesy: Embraer
Embraer and Mubadala Sign Pact to Boost UAE Aerospace
Wisk, SkyGrid and Insitu have pioneered and incubated core autonomous flight technologies for the future. Image Courtesy: Archer
Archer to Acquire 3 Boeing Subsidiaries for Physical AI

LATEST POSTS

Empowering customer innovation together with VMware (Image Courtesy: NetApp Official website)
The development reflects Binance Bahrainโ€™s focus on making it easier for users to get started, fund their accounts and access supported Binance products and services. Image Courtesy: Binance
Together, the two companies aim to support SJourneyโ€™s international growth while preserving the Vietnamese identity. Image Courtesy: Arsenale
Robert Shakir Senior Marketing Consultant at ROSA eSolutions. Image courtesy: ROSA eSolutions