July 18, 2024

Broaden Energy And ADDED Signs MoU For Hydrogen Equipment Manufacturing Complex

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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 Dhabi’s position as the region’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.  

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 Dhabi’s position as the region’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 region’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), 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.”

Mr. Adnan Sokolija, CEO of Broaden Energy, stated “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.”

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 Dhabi’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 UAE’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.

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