Siemens Energy Partners With Mubadala Investment on Hydrogen From Renewable Sources
January 18 2021 - 6:14AM
Dow Jones News
By Giulia Petroni
Siemens Energy AG said Monday that it signed a memorandum of
understanding with Abu Dhabi's state-owned Mubadala Investment Co.
to accelerate the development of hydrogen from renewable sources
and synthetic fuel.
The German energy company said the strategic partnership will
initially focus on driving investment and development in Abu Dhabi
and, over time, in other international markets.
Siemens Energy has also signed a memorandum of understanding
with renewable energy company Masdar and other partners to
establish a photovoltaic-powered electrolyzer facility and to
develop clean-hydrogen fuels in the United Arab Emirates.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 18, 2021 05:59 ET (10:59 GMT)
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