Saudi Arabia is gearing up to invest heavily in hydrogen by creating a new company called Energy Solutions Co., expected to receive at least $10 billion in funding from the country's sovereign wealth fund. This initiative is in line with Saudi Arabia's plans to shift towards green technologies and reduce dependence on oil revenue while maintaining its position as a key player in the global energy market. The company, under the leadership of Cord Landsmann, aims to produce green hydrogen, which is generated from water and renewable energy sources, offering a low-carbon alternative for industries like metals manufacturing and aviation. Despite the challenges associated with green hydrogen production, Saudi Arabia is determined to lead the way by investing in large-scale projects and partnering with Aramco for blue hydrogen production. The kingdom's goal is to capture a significant share of the global hydrogen market, emphasizing both environmental sustainability and economic growth. By venturing into the hydrogen sector, Saudi Arabia aims to diversify its economy and secure a competitive position among other major hydrogen producers worldwide.