Saudi Arabia, traditionally reliant on its oil and gas sector, is making strategic moves toward a hydrogen-centric future.
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Minister of Energy Prince Abdulaziz bin Salman of Saudi Arabia held a crucial meeting with Uzbekistan’s Deputy Prime Minister, Jamshid Kochkarov, in Riyadh on Thursday. The meeting focused on fortifying joint cooperation in various energy sectors, marking a milestone in the bilateral relations between the two nations.
India and Saudi Arabia have entered into a strategic Memorandum of Understanding (MoU), signaling a profound collaboration in various energy-related sectors, with a particular emphasis on Green Hydrogen.
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NEOM Green Hydrogen Company (NGHC), the visionary force behind the world’s largest green hydrogen plant, has marked a milestone with the delivery of its first set of wind turbines at the Port of NEOM in northwest Saudi Arabia.
Hydrogen is undoubtedly making waves on the global energy stage, and it’s no surprise that even oil-rich Saudi Arabia is diving into the hydrogen business. Hyundai and KEPCO (Korea Electric Power Corporation) are joining forces with Saudi entities to create a thriving hydrogen ecosystem in the desert kingdom, ultimately contributing to a more sustainable and cleaner energy future.
The Gulf nations are rapidly positioning themselves as key players in the global green hydrogen supply chain. Hydrogen, produced using renewable electricity, holds the promise of reducing greenhouse gas emissions and combatting climate change.
Saudi Arabia is currently conducting tests on the hydrogen train to ensure its compatibility with the kingdom’s unique environment. The move towards hydrogen technology signifies a significant step in the nation’s pursuit of a more sustainable transport system that incorporates cutting-edge smart technologies.
India and Saudi Arabia signed a Memorandum of Understanding (MoU) on Sunday to establish a general framework for cooperation in the field of electrical interconnection, exchange of electricity during peak times and emergencies, co-development of projects, co-production of green and clean hydrogen and renewable energy, and establishing secure, reliable, and resilient supply chains of materials used in green and clean hydrogen and the renewable energy sector.
