Kuwait Oil Company Partners with KBR for Hydrogen and Renewables Development
Key Ideas
- Kuwait Oil Company collaborates with KBR on a Renewables and Hydrogen Masterplan Project aiming for 17 GW of renewable capacity and 25 GW of green hydrogen production by 2050.
- Kuwait's New Vision 2035 targets 15% electricity generation from renewables by 2030, part of which will involve using green hydrogen for industrial purposes and export.
- The country's efforts to reduce GHG emissions include plans for oil-to-gas substitution, new power plants, energy efficiency measures, and renewable energy projects.
- The consulting services provided by KBR are set to be completed within 18 months, indicating a proactive approach towards sustainable energy development in Kuwait.
Kuwait Oil Company has taken a significant step towards sustainable energy development by awarding a consulting contract to KBR for the Renewables and Hydrogen Masterplan Project. This project sets ambitious targets of 17 GW of renewable capacity and 25 GW of green hydrogen production capacity in Kuwait by 2050. The focus on green hydrogen is particularly noteworthy as it will be utilized for internal industrial uses and for exports, aligning with Kuwait's goal of generating 15% of its electricity from renewables by 2030. Despite the absence of a flagship policy to expedite the development of renewables, Kuwait's updated NDC in 2021 emphasizes reducing GHG emissions through various means such as oil-to-gas substitution, new CCGT power plants, energy efficiency measures, and renewable projects. The collaboration between Kuwait Oil Company and KBR signifies a proactive approach to steering Kuwait towards a more sustainable energy future, with the consulting services expected to be concluded within 18 months.