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Broaden Energy invests $272.26 million in hydrogen complex

Broaden Energy and ADDED sign agreement to build Abu Dhabi's first hydrogen equipment manufacturing complex. This AED 1 billion-plus project aims to support Abu Dhabi's industrial strategy, create jobs and stimulate industrial innovation.

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ADDED (Abu Dhabi Department of Economic Development) has announced the signing of an MoU with Broaden Energy, a world leader in hydrogen energy solutions. This agreement provides for the creation of the first hydrogen equipment manufacturing complex in Abu Dhabi, in line with the objectives of ADIS (Abu Dhabi Industrial Strategy). The complex, with an investment of over AED 1 billion, will serve as the cornerstone of the hydrogen economy in the region, generating new job opportunities and stimulating economic development and innovative industrial solutions.

Industrial development objectives

ADDED and Broaden Energy will cooperate closely to ensure that the project is in line with the objectives of the UAE National Hydrogen Strategy and the Net Zero 2050 Strategy. The National Hydrogen Strategy aims to make the United Arab Emirates one of the top 10 producers of green hydrogen by 2031, with a production target of 1.4 million tonnes per year. The UAE also plans to establish hydrogen hubs to accelerate the industrial adoption of this energy, fostering a supply chain and infrastructure capable of attracting global energy players.

Strengthening local industrial capacities

By promoting local production of hydrogen-powered equipment, the complex will enhance the country’s industrial infrastructure and position Abu Dhabi as a beacon of industrial excellence and technological innovation. Arafat Al Yafei, Executive Director of IDB (Industrial Development Bureau), ADDED’s branch dedicated to the development and regulation of the industrial sector, said:

“We are proud to support Broaden Energy in this pioneering initiative, marking an important step towards our goals for Abu Dhabi’s industrial future.”

Economic impact and growth prospects

Adnan Sokolija, CEO of Broaden Energy, added:

“Establishing the first hydrogen equipment manufacturing complex in Abu Dhabi demonstrates our commitment to advancing the region’s industrial capabilities and supporting the UAE’s strategic vision. We are delighted to be working with ADDED to bring this groundbreaking project to life and contribute to a future of sustained growth.”

The Memorandum of Understanding between ADDED and Broaden Energy will facilitate an ongoing exchange of knowledge and research, with a focus on hydrogen technologies. As an integral part of Abu Dhabi’s booming industrial sector, this collaboration aims to stimulate innovation, accelerate the adoption of advanced industrial solutions and strengthen the region’s competitiveness on the global stage.

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