Saudi Arabia's Public Investment Fund (PIF) has announced the launch of a new subsidiary, Energy Solutions Company, dedicated to investing around $10 billion in green hydrogen production. The entity will primarily focus on financing the development of low-carbon fuels, reflecting the country's commitment to sustainability and reducing carbon emissions. This significant investment is driven by the increasing global demand for hydrogen and the presence of a robust project pipeline. Collaboration with industry players like Saudi Aramco and initiatives like the Neom Green Hydrogen Project further illustrate Saudi Arabia's strategic intent to position itself as a key player in the green energy sector. The establishment of Energy Solutions Company is a pivotal step towards achieving the country's goals of becoming a prominent producer of hydrogen and advancing its transition towards a greener economy.