Energroup, a company based in the United Arab Emirates, and Israel Electric Corporation (IEC) have signed a preliminary agreement to develop blue and green hydrogen generation in Israel.
As part of the agreement, the two organizations agree to work together on green and blue hydrogen project sourcing, development, implementation, and operation, among other things.
Israel and the United Arab Emirates normalized their relations in 2020, which has resulted in increased economic cooperation between the two countries.
There were no financial specifics provided.
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