Monday, 18 January 2021
Siemens Energy has joined Mubadala in a strategic partnership to accelerate green hydrogen capabilities in Abu Dhabi and will also collaborate with Masdar and partners on developing clean hydrogen fuels.
Around the Abu Dhabi Sustainability Week, two Memorandums of Understanding (MoU) were signed by Siemens Energy with Mubadala Investment Company as well as with Masdar and other partners to jointly drive UAE’s green hydrogen sector and the production of synthetic fuels.
On 17 January, Siemens Energy and Mubadala Investment Company (Mubadala), the Abu Dhabi state-owned global investment firm, signed a Memorandum of Understanding (MoU) 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.