Saudi Arabia is making a significant move towards green hydrogen production by creating a new company called Energy Solutions Co. The kingdom's Public Investment Fund plans to invest at least $10 billion in this venture, aiming to position Saudi Arabia as a major player in the global hydrogen market. The company is expected to work closely with Saudi Aramco to advance green hydrogen projects. Former Thyssenkrupp Uhde CEO Cord Landsmann is speculated to lead the company, which will be funded and controlled by the Public Investment Fund. Green hydrogen, which is produced from water and renewable energy sources, is seen as an environmentally friendly fuel option for industries with high energy demands that cannot easily switch to electricity. While Saudi Arabia aims to reduce its dependency on oil exports through this diversification effort, challenges such as high production costs, infrastructure development, and safe transportation pose significant hurdles. Despite these obstacles, Saudi Arabia's initiative signifies a strategic move towards sustainable energy practices and economic diversification.