(Siemens/ElectricEnergyOnline) Siemens Energy and Mubadala join strategic partnership to accelerate green hydrogen capabilities in Abu Dhabi; Siemens Energy to collaborate with Masdar and partners on developing clean hydrogen fuels
Siemens Energy is advancing the development of green hydrogen ecosystems in the UAE. Around the Abu Dhabi Sustainability Week, two Memorandums of Understanding (MoU) were signed 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.
Strategic Partnership with Mubadala
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 activit
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
Mubadala, Siemens Energy sign hydrogen MoU
ABU DHABI, January 18, 2021 Mubadala Investment Company (Mubadala) and Siemens Energy have signed a Memorandum of Understanding (MoU) to drive investment and develop advanced technology, manufacture equipment, and green hydrogen and synthetic fuel production. The initial focus of activity will be in Abu Dhabi and it is intended this will be expanded to international markets over time, a WAM report said. Mubadala and Siemens Energy have a long-standing relationship based on the strong links between the governments of the UAE and Germany. Together with Masdar and other energy players in the Mubadala Group, the companies will work closely towards the following goals: utilising renewable energy to produce green hydrogen and synthetic fuels, providing clean and transportable energy to fuel new hydrogen-based ecosystems that are supplied from the UAE; establish an Abu Dhabi-headquartered world-class player in the synthetic