Saudi Arabia is positioning itself to become a major player in the hydrogen market by launching a new company, Energy Solutions, with backing from the sovereign wealth fund PIF. The company aims to invest at least US$10 billion in green hydrogen power production, signaling the kingdom's intent to diversify its economy away from oil. Led by former Thyssenkrupp Uhde CEO Cord Landsmann, the company will focus on producing 'green' hydrogen made from water and renewable power. While green hydrogen offers a low-carbon fuel solution, it faces challenges such as high production costs, infrastructure development, and transportation safety. Saudi Arabia's plan to provide a significant portion of global blue hydrogen production, along with investments in green hydrogen, reflects its strategy to secure a substantial income source and compete in the hydrogen market against other nations like China and Europe. By venturing into hydrogen production, Saudi Arabia aims to maintain its position as a global energy supplier while embracing more sustainable energy practices.