Smartenergy Expands to Abu Dhabi: Green Hydrogen Investment Soars

Apr 19, 2024 01:00 PM ET
  • Smartenergy's expansion to Abu Dhabi marks a strategic move to tap into global financial markets and drive renewable energy investments in industries like aviation and maritime.
Smartenergy Expands to Abu Dhabi: Green Hydrogen Investment Soars

Swiss green hydrogen firm Smartenergy has opened a new office in Abu Dhabi and obtained a commercial license from ADGM. This move allows the company to access global financial markets and expand its renewable energy investment strategy. With green hydrogen currently making up a small portion of total hydrogen production, Smartenergy aims to invest in renewable infrastructure and innovative solutions for industries like aviation and maritime.

Horst H. Mahmoudi, CEO of Smartenergy, highlighted the UAE's leadership in clean and renewable energy and expressed the company's commitment to supporting these initiatives. By establishing a presence in Abu Dhabi, Smartenergy aims to position itself at the forefront of the world's emerging new energy hubs.

How is Smartenergy leveraging its new office in Abu Dhabi for renewable energy investments?

  • Smartenergy is leveraging its new office in Abu Dhabi to tap into the UAE's leadership in clean and renewable energy initiatives.
  • The company's commercial license from ADGM allows it to access global financial markets and attract investment for renewable energy projects.
  • Smartenergy's focus on green hydrogen production aligns with the UAE's goal of increasing the share of renewable energy in its energy mix.
  • By investing in renewable infrastructure and innovative solutions for industries like aviation and maritime, Smartenergy aims to drive the transition towards a more sustainable energy future.
  • Establishing a presence in Abu Dhabi positions Smartenergy at the forefront of the world's emerging new energy hubs, allowing the company to play a key role in shaping the future of renewable energy investments.
Source:
renews.biz

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