Masdar Ventures Into Green Hydrogen Production with Support from Major Investors

Masdar, an Abu Dhabi-based renewable energy developer, is now branching out into green hydrogen production. Hydrogen can be used to decarbonize a variety of industries and applications, such as power generation, transportation, and steel and cement production. Masdar plans to produce 1 million tons of green hydrogen by 2030 with the help of investments from Taqa, Mubadala Investment Company, and ADNOC. This will enable them to export hydrogen from the UAE and build facilities in other markets.

The Benefits of Green Hydrogen

Green hydrogen is a renewable energy source, produced through the electrolysis of water powered by renewable energy sources such as solar, wind and hydropower. It is a clean burning fuel, releasing only water vapor when burned. Additionally, green hydrogen has the potential to replace fossil fuels in many sectors and provide an abundant source of energy for transportation, electricity generation and industrial processes. Furthermore, green hydrogen can be used to store excess electricity generated from renewable sources and provide stability to the power grid. This makes it an attractive option for countries looking to reduce their carbon footprint while meeting their energy needs.
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Picture source: Richard Horvath