Masdar and Norwegian Energy Developers to Collaborate on Green Hydrogen Opportunities
Key Ideas
- Masdar partners with Norwegian energy developers to explore green hydrogen opportunities.
- Agreements secured with Equinor, Aker Group, and Yara to enhance collaboration on existing and future projects.
- Focus on developing and investing in the power-to-green hydrogen and ammonia value chains to target hard-to-abate sectors.
- Joint efforts to drive sustainability and innovation in the energy sector through strategic alliances and investments.
Masdar, the Abu Dhabi Future Energy Company, has announced plans to collaborate with Norwegian energy developers to explore opportunities in renewable and green hydrogen. The agreements secured with Equinor, Aker Group, and Yara aim to strengthen collaboration on existing projects like Hywind and explore new investment prospects. The focus of the partnership with Equinor is to enhance collaboration on projects related to green hydrogen. The deal with Aker Horizons involves joint development and investment in the power-to-green hydrogen value chain, with a specific focus on hard-to-abate sectors. Additionally, the collaboration with Yara will focus on exploring investment opportunities in the power-to-green ammonia value chain, with green hydrogen playing a central role. These strategic partnerships signify a commitment to driving sustainability and innovation in the energy sector, aiming to tackle challenges in decarbonization and contribute to a greener future.