Masdar, a leading UAE-based clean energy company, has pushed back its target for 1 million tons per year of green hydrogen production beyond 2030 due to challenges in scaling up the technology and regulatory hurdles.
Masdar , the clean energy giant of the United Arab Emirates UAE , has pushed back its target to reach 1 million tons per year of green hydrogen capacity beyond 2030, the company’s press office told Bloomberg on Monday. Masdar , which initially targeted this capacity by 2030, will now aim to reach it over the next decade, according to the press office, which did not elaborate on why plans have been deferred.
On Monday, Masdar and EMSTEEL, the UAE’s largest publicly listed steel and building materials company, announced the successful completion of a pilot project demonstrating the use of green hydrogen to produce green steel. Still, Masdar moving the capacity target beyond 2030 likely signals the challenges that green hydrogen is currently facing. Saeed Ghumran Al Remeithi, CEO of EMSTEEL, told Bloomberg on Monday that “Green hydrogen is currently more expensive.
Green Hydrogen UAE Clean Energy Renewable Energy Hydrogen Production Climate Change Energy Transition Policy Regulation
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