ACWA Power, Verbund to co-develop hydrogen projects in the Middle East
Date
January 19, 2023
Type
Projects
Subtype
Project in planning
Countries
Saudi Arabia
Austria
Subsectors
Hydrogen
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ACWA Power and VERBUND have signed a Memorandum of Understanding (MoU) to collaboratively explore the development of green hydrogen projects in the Middle East to supply renewable energy to Central Europe, with a focus on Austria.
During the ongoing Abu Dhabi Sustainability Week (ADSW) 2023, the parties signed the MOU.
Green hydrogen is one of the most promising alternatives for addressing climate change and accelerating carbon-free initiatives, as its zero carbon dioxide (CO2) emissions make it the world's cleanest and most efficient fuel.
