Broaden Energy to set up hydrogen equipment factory in Abu Dhabi

Dubai-based Broaden Energy will establish a hydrogen equipment manufacturing complex in Abu Dhabi with an estimated investment of AED 1 billion (USD 272.29m/EUR 254.81m).

The complex will align with the objectives of the Abu Dhabi Industrial Strategy (ADIS) and become a key component of the region's hydrogen economy.

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To this end, the company has signed a memorandum of understanding with the Abu Dhabi Department of Economic Development (ADDED), the department announced on Friday.

ADDED and Broaden Energy are teaming up to make sure the project fits with the National Hydrogen Strategy and the Net Zero 2050 Strategy. The UAE wants to be one of the top 10 green hydrogen producers by 2031, aiming to produce 1.4 million tonnes annually. They also plan to set up hydrogen hubs to boost industry use, build a strong supply chain, and attract international energy companies.

In addition to Broaden Energy, Abu Dhabi National Oil Company (ADNOC), Abu Dhabi-based Strata Manufacturing and Belgian mechanical engineering company John Cockerill have a plan to jointly produce electrolysers in the UAE.