Saudi Arabia's Public Investment Fund (PIF) is strategically planning to enhance hydrogen production by elevating its subsidiary, the Energy Solutions Company (ESC), into a national champion to further diversify the kingdom's economy. ESC, which has been operating discreetly, recently made headlines by acquiring 6% of Nucera's share capital, a major player in Thyssenkrupp's hydrogen division. This move aligns with Saudi Arabia's growing interest in green hydrogen, as evidenced by the 2GW electrolysis plant supplied to the NEOM project. Additionally, PIF has inked a Memorandum of Understanding (MoU) with Engie to collaboratively develop green hydrogen projects, including plans for export markets. The fund is also integrating hydrogen into various industries such as automotive and steelmaking through partnerships and direct ventures. Notably, PIF's issuance of green bonds totaling billions reflects its commitment to low carbon energy production. With a focus on renewable energy, PIF aims to boost solar and wind energy to constitute 50% of the local grid by 2030, with potential inclusion of hydrogen. The fund continues to make substantial investments in green projects, anticipating over US$10 billion by 2026, signaling a significant step towards sustainable development. PIF's interest in hydrogen extends beyond Saudi Arabia, with investments and partnerships in countries like Egypt, Uzbekistan, Jordan, Indonesia, and Brazil. Partnerships with companies like ACWA and JERA highlight the fund's global approach to green hydrogen projects, emphasizing both domestic production and international commercial opportunities. The fund's proactive stance on attracting investments and fostering partnerships underscores its positive outlook on hydrogen's role in the future of energy.