His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, affirmed the emirate’s leadership in the field of clean and renewable energy, and that the launch of the “Green Hydrogen” project is a promising source of energy and among the environmentally friendly sources that promote sustainable development.
Sharjah 24- WAM:
His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, stressed that the launch of the “Green Hydrogen” project is a new step that enhances the transition to a green economy and enables the reduction of carbon dioxide emissions worldwide.
His Excellency added that if the green hydrogen path succeeds in reducing the costs of producing clean energy compared to its current price, which ranges between 3 and 6.5 dollars per kilogram, it is likely to be able to compete with hydrogen produced by fossil fuels and accompanied by carbon emissions, which do not exceed It costs one dollar.
He considered that the hope is that the production of green hydrogen, thanks to the efforts of the Research and Development Center, will take the same path that solar photovoltaic, wind energy and batteries follow.
Al Tayer stressed that the UAE is the first country in the Middle East and North Africa region that has made qualitative leaps in the production of hydrogen energy using clean energy, as part of its strategy to build an economy based on renewable energy sources, which contribute to increasing the flow of foreign investments and increasing quality partnerships. In light of the growing demand for clean energy in the local markets, which reinforces the country’s leading role in the world in leading efforts to decarbonize various vital industries.