Market changes spur rapid growth and huge investment in the sector.
Zest's Managing Director Jeffrey Beyer chaired the sole panel on green hydrogen at The Arab Green Summit, which took place 21-22 June. The panel shed light on the latest developments in MENA and the UAE:
🎯 A UAE National Hydrogen Strategy is currently being tendered
🌎➡️🔐 The imperative for hydrogen is moving from exclusively decarbonisation towards energy security
🔵↔️🟢 The price differential between blue and green has narrowed considerably as gas prices skyrocket
💰 Money for projects exists, but structuring bankable projects is a perennial challenge
🔄 The UAE has a coordination opportunity to vertically integrate the market
🏛 UAE State-owned enterprises are particularly well-suited to collaborate around hydrogen production and use
Thanks to Dipak Sakaria (MOEI UAE), Driss Berraho (ACWA Power) and Gareth Wynn (TAQA Group) for their insights at The Arab Green Summit (TAGS).